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Posted inNews

360buy Accused of Unfair Competition by Leyou – 2nd Round of Price War Imminent?

360buy, which raised $1.5 bln in latest financing round from diverse funds including Russian venture capital fund Digital Sky Technologies, came under attack by Leyou COO Gong Dingyu for its low-price strategy. Founded in 1999, Leyou is the biggest Chinese franchiser of maternity-baby-children supplies. Gong accused 360buy of using such strategy to squeeze out the competitors, calling […]

Posted inNews

Problems with China’s Logistic Industry

Last week, I wrote about express delivery services stopped in China over the Chinese New Year because of not enough capacity.  In fact, there are more problems with China’s logistic industry than a simple lack of hands. (But why we are spending so much time discussing warehouses and delivery crew?  Isn’t Technode a blog for […]

Posted inNews

Tencent Restructures Ecommerce Business

On May 30, Tencent, one of the most profitable Chinese internet giant, restructured its ecommerce business in its latest effort to catch up in the booming internet shopping market and compete against Alibaba, the de facto Chinese ecommerce tycoon. Along with the restructuring came internal reorganization and position transfer of executives. Tencent replaced the current […]

Posted inNews

Tips for Luxury Brands in Chinese e-Commerce Market

Sales of luxury goods grew 12% in 2009, to $9.6 billion, accounting for 27.5% of the global market, according to Bain & Co. In the next five years, China’s luxury spending will increase to $14.6 billion, making it the No. 1 luxury market globally. In 2009, China overtook the U.S. to become the world’s second-largest […]

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