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Exclusive: 360buy to Open up Platform in 2 Months

Very soon, all the pinterest clones in China will have more than the Taobao products to capitalize on. Jindong Mall (aka 360buy), one of the largest online retailers in China, will open its platform in 2 months, said an industrial source. “Just like Taobao’s ‘Grand Taobao’ project, Jindong will have its ‘Grand Jindong’ project,” the source […]

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Suning Shopping RedBaby and Masa Maso for Expansion?

We just heard spreading rumors claiming that Suning is looking to acquire RedBaby and Masa Maso, two vertical B2C services with focus on maternity-children items and men’s apparel respectively. Chinese B2C service Suning ranked No.3 among its peers by market share, according to a latest report, though its share of 2.35% trailing behind Tmall’s 37.38% […]

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360buy Denied IPO Rumor

In response to the swirling rumor about “360buy resumed IPO process”, the Beijing-based B2C giant issued a statement last night to rebut the claim. 360buy reiterated in the statement that it has no intention to go public anytime soon, and it never shared any IPO-related information or financial data with investment banks. A recent report […]

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Chinese B2C Online Retail Market Share in Q1 2011

Analysis International releases its research data on Chinese B2C online retail market share in Q1, 2011. It says that in Q1, 2011 the total transaction value of Chinese B2C online retail market has reached rmb 47.07 billions (~$7.3 billions). Taobao is still leading the market (31.4%), followed by 360buy (10.2%), Joyo (Amazon China, 2.3%) and […]

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eBay Seeking Acquisition Targets in China

Techweb reported that that eBay is eyeing acquisition targets in China to expand its market share. eBay expects 2011 sales from Greater China to increase by 30-40% from last year’s USD$4 billion sales figure. Cautious of the high valuations, Asia Pacific Managing Director Jay Lee said “We will continue to identify suitable opportunities, but must […]