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Xianyu idle fish second-hand re-commerce
Posted inWith Chinese Characteristics

Second-hand shopping takes off on Chinese apps

by Deborah Weinswig Feb 21, 2020Mar 19, 2020

China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.

food delivery meituan eleme alibaba courier
Posted inUp and Comers

Food delivery backlash, VCs snub e-commerce: Retailheads

by Emma Lee Sep 16, 2020Sep 29, 2020

Chinese food delivery giants draw public ire, Dianping’s symbolic retreat is made official; and VC interest in e-commerce wanes.

Uxin 58.com used car selling sales
Posted inUp and Comers

Used car seller Uxin suspends staff after slashing salaries

by Emma Lee Mar 2, 2020Mar 17, 2020

Struggling used car selling platform Uxin is cutting salaries and suspending employees to cut costs amid the Covid-19 outbreak.

consoles in china
Posted inWith Chinese Characteristics

Taobao removes Animal Crossing listings from its marketplace

by Wei Sheng Apr 10, 2020Apr 10, 2020

The removal of Animal Crossing came just days after reports that Hong Kong protestors posted anti-government posters on the game’s simulator.

Uxin 58.com used car selling sales
Posted inOn the Cusp

China’s Craigslist is buying a car auction platform

by Emma Lee Mar 25, 2020Mar 25, 2020

Online classifieds site 58.com is purchasing the enterprise car auction unit of troubled second-hand car selling platform Uxin for $105 million in cash. Why it matters: The purchase marks the sale of another major asset from used car seller Uxin in its year-long struggle to stay afloat, complicated by slowing car sales from the Covid-19 […]

crypto mining bitcoin miners cryptocurrencies China Sichuan finance regulation
Posted inWith Chinese Characteristics

INSIGHTS | Markets, not floods, will drown bitcoin miners

by Eliza Gkritsi Jul 13, 2020May 24, 2021

Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.

Oyo SoftBank India online travel hotel booking
Posted inViews

Oyo’s China collapse threatens Vision Fund returns

by Michael Norris Mar 18, 2020May 2, 2020

Oyo’s spectacular retreat in China may have some lasting effects on SoftBank. Or it may be just another Tuesday in venture capital land.

Posted inHeavy Hitters

From bad Tsinghua student to Meituan second in command

by Liu Peng and Heather Mowbray Jan 30, 2020Mar 17, 2020

As Meituan CEO Wang Xing’s right hand man—and college best friend—announces his retirement, TechNode takes a close look back at his career.

ORIGIN Awards 2020
Posted inEvents

ORIGIN Innovation Awards 2020: finalists

by Shihui Tan Nov 3, 2020Nov 3, 2020

The ORIGIN Innovation Awards finalists list is up! Results will be announced on Nov. 18, 2020 during the ORIGIN Conference, so stay tuned.

tiktok Bytedance US national security
Posted inHeavy Hitters

TikTok, Douyin the world’s second most-downloaded app in 2019

by Tony Xu Jan 15, 2020Mar 17, 2020

TikTok and Chinese version Douyin recorded more than 738 million downloads in 2019 across Apple’s App Store and Google Play in 2019.

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