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Posted inNews

JD is starting a second-hand e-commerce service “Paipai”

Chinese e-commerce behemoth JD officially released the “Paipai second-hand (拍拍二手)” brand, Chinese media 36kr is reporting. As the second-hand e-commerce market is growing bigger and seeing its arch-rival Alibaba’s second-hand e-commerce Xianyu is doing well in the sector, JD is making a move into the burgeoning but risky market. Paipai has built-in automatic valuation system to help […]

Posted inNews

Used car trading platform Uxin steers for an US IPO

Chinese second-hand car trading platform Uxin, more commonly known as Youxin in Chinese, is planning for an $800 million IPO in the US market, IFR has reported citing people familiar with the matter. The source added that the firm has already hired Goldman Sachs, JPMorgan Chase, and Morgan Stanley as the underwriters. Founded in 2011 […]

Posted inNews

China’s Craigslist 58.com sees fastest growth in recruitment in Q2

New York-listed 58.com (NYSE: WUBA), often described as China’s Craigslist, reported $382.8 million in total revenues for the second quarter, growing at a 33.3% year-on-year increase and exceeding the higher end of the company’s guidance. “A magical site” (一个神奇的网站),  as its slogan claims, 58.com provides classifieds platforms in diverse categories, from second-hand goods, second-hand automobiles, recruitment to real estate, […]

Posted inNews

4 takeaways from Ctrip’s Polar Travel Report

While Christmas has not been a part of traditional Chinese culture and is a working day in China, more and more Chinese tourists have been traveling to Finland’s northern province Lapland—“Santa Clause’s home”—to witness the Northern Lights, or Aurora Borealis. Polar tourism has become the new darling of China’s high-income population and has attracted a large […]

Posted inNews

Exclusive: Pictures from World Internet Conference suggest WeWork, URWork on an “ice-breaking tour”

Like its previous versions, the ongoing World Internet Conference in Wuzhen has attracted the biggest names in China’s tech industry. Official meetings and keynotes aside, more casual business dinners, which gather China’s, or even the world’s richest technology tycoons, offered precious opportunities for them to get connected and share insights. It’s in China after all, […]

Posted inNews

Baidu’s VP Wang Haifeng now leads Baidu Research Institute to further develop its AI application for commercial use

Baidu’s vice president, as well as head of Baidu’s AI department Wang Haifeng, will serve as director of Baidu Research Institute (in Chinese). With Wang’s increased dominance in Baidu’s AI arm, Baidu’s Artificial Intelligence Group (AIG) will strengthen R&D on the AI application technology for commercial use, including autonomous driving and airport services. In March this […]

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