The emergence of local food ordering services is fueling a Chinese trend where local diners are promised greater convenience and access to restaurant menus. Some 20.1% of Chinese internet users used online food ordering services in first half of 2014, according to iMedia research. The booming market has made the sector a regular recipient of […]
ELong, one of China’s largest online travel services, today announced that its board of directors have received a privatization offer from existing shareholder Tencent, which hopes to acquire all remaining shares in the company. Tencent offered shareholders $18 per American Depositary Receipt (ADR), a 27 percent premium to Monday’s closing price in New York, according to […]
Meituan and Dianping, the two leading group-buying providers, often dubbed the respective Groupon and Yelp of China, have agreed to form a joint venture with equal shares valued between $15 billion and $17 billion USD, according to statements from both companies and their investors. The match-up marks the end of another O2O service war in China, […]
With a large number of already well-established retailers and credit card providers on board, Apple Pay’s future in the USA looks particularly promising. However, in other countries around the world where Apple isn’t necessarily the technological leader, techies aren’t debating how Apple Pay could revolutionize the shopping experience; rather, they’re asking whether or not it will succeed at all.
Fangdd, a Shenzhen-based real estate operation service platform, announced it has secured US$80 million of Series B funding from Vision Knight Capital China Fund, Lightspeed China Partners and Series A investor CDH Venture. The company added that it has received the capital on June 28. Founded in October 2011, Fangdd is a real estate shopping guide information […]