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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 inWith Chinese Characteristics

China Internet Report 2018: Chinese internet giants are expanding and so is government regulation

China’s internet industry is one of the most active across the globe and as a new report by Abacus, 500 startups, and South China Morning Post shows just why. The China Internet Report 2018 shows that China tech trinity Baidu, Tencent, and Alibaba, collectively known as “BAT”, are expanding their businesses to every corner, ranging from […]

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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, […]

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Data shows 2017 was the year of e-commerce apps: report

China is a mobile-first country and the popularity of smartphones has also reflected one of its most vibrant internet industries: online shopping. China-based analysis firm Jiguang Data has published a new research report on the most popular e-commerce in 2017 charting the biggest players in the field. The report includes seven categories for online shopping […]