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How Does Douban Make Money?

Willingly or not, Douban, the interest-based social network, disclosed some metrics that it would rather not to, if news didn’t break out that several core engineers left in September. It turned out those employees were off to start up their own business, but the seeming public relations crisis forced Douban management to project a number for revenues […]

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Meilishuo: 32 Millions Chinese Users, 80000 Serial Pinners

[Editor: The article is written by Laure de Carayon (@laure2carayon) of China Connect (@chinaconnectEU)] China’s digital ecosystem is a vibrant scene. Among the (numerous) new players, Meilishuo, the Fashion social network with almost 5 millions followers on Sina Weibo, has a growing audience and major brands are joining. The following is the exclusive interview of […]

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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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Four Tragedies Of Chinese Startups and Investors

How would you define the relationships between entrepreneurs and  investors? They should be friends, teammates, seller-buyer, or rivals? Conventionally, investors put in money in hope of breeding superstars which can yield even bigger return, while the entrepreneurs are supposed to spare no efforts to deliver on expectations. However this relationship could end up in tragedies […]

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China Ecommerce Roundup: Yaodian100, Net-a-Porter, Funding

Yaodian100.com Going Bankrupt: Yaodian100.com, the self-claimed China’s first online general store is on the verge of going bankrupt, according to industry insiders. The site is currently looking for someone who’s willing to take up the slack, the tipster said. Founded in 2009, the Shanghai-based etailer received venture funds from Qiming Ventures, Baidu and Intel. Net-a-Porter […]

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Rumor: Lafaso Completed New Round

Local media broke today that Lafaso.com, a cosmetic etailer founded by celebrity anchor Li Jing has raised US$ tens of millions lately. Lafaso hasn’t commented on the rumor yet. The site was formally funded by Sequoia China at its founding in 2008. Wang Licheng, its CEO said in an interview earlier this year that Lafaso […]

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Report: Chinese B2C Sector Reached RMB 81M in Q1

According to Beijing-based think tank AnalysysInternational’s newly released report, the total transaction value of China’s B2C market in Q1 reached RMB 81.87 million, up 7.6% from last quarter or up 73% from a year earlier. Tmall.com still leads the team (37.38%), and 360buy is catching up with a share of 17.23%. Analyst Chen Shousong from […]