Posted inNews

Rural China: The Next Battlefield for Domestic E-commerce

China’s urban e-commerce market is nearing saturation after years of explosive growth, a trend leading China’s online retailers to address the untapped markets in rural areas. Nearly 50% of the country’s 1.36 billion population lives in rural areas; however, less than 30% of rural residents are online and only 10% have bought things online, according to […]

Posted inNews

LightInTheBox President Kevin Wen on Building a Cross-border Online Retail Business

Chinese online retailer LightInTheBox was aimed at global audiences from day one, Kevin Wen, co-founder of the company, told us today at 2014 TechCrunch China/ TechNode event in Beijing. Back in 2007 when LightInTheBox was founded, there were only three well-known e-commerce sites in China, Taobao, Dangdang, and Joyo (would be acquired by Amazon). And all of them were targeting […]

Posted inNews

TechCrunch Beijing Summit’s Guests of Honor: Sungy Mobile President, LightInTheBox Founder, VP of Flurry

From August 11th to August 12th, TechCrunch China and TechNode will hold a conference in Beijing, with the theme of “Red Hardware”.Popular topics to be discussed at the event include crowd funding, online education, science and technology, design, among others. Many highly-anticipated smart hardware products will be revealed to the public for the first time.On the occasion, our guests […]

Posted inNews

Social Marketing Service Weizoom Wins Tens of Millions Yuan Financing Led by CDH Investments

Social marketing service Weizoom announced that it raised tens of millions yuan of investment from four investors led by CDH Investments and followed by Qifu Fund and two undisclosed investment institutions. All the funds are now in position, the company added. Weizoom has secured two rounds of 7-digit sum investments in previous rounds from Zero2IPO […]

Posted inNews

Mobile Voice Search Service Chumen Wenwen Gets Nearly $10 Million of Series B Funding

Mobvoi, developer of mobile voice search service Chumen Wenwen, secured nearly $10 million of Series B financing led by SIG and followed by existing Series A investors. The company has received $1.62 million of Series A funding from Sequoia Capital and ZhenFund in 2012. The capital will be injected in R&D, promotion and team construction, said Li Zhifei, founder of the company. Mike […]

Posted inNews

DangDang Opens Store in Tmall

Ever imagine Amazon to operate a store on eBay? How weird would that be? Well it’s actually happening in China. Dangdang, which is hailed as the Chinese Amazon and has its own open platform for 3rd party online merchants, announced to operate virtual stores on TMall, the B2C platform of Taobao, which was inspired by […]

Posted inNews

B5M Claims It’s the Largest Independent Shopping Search in China, Announcing $16 million Series B Round of Funding

B5M claims it’s now the  the largest independent shopping search service and the second largest after Alibaba’s Etao in China. Launched in December 2011, B5M has indexed 300 million items from Taobao & Tmall, over six thousand business-to-consumer sites, over 200 group-buying sites and over 40 social shopping websites. There are more than 3 million visitors and 50 million […]