Yao Jingbo, CEO of 58.com once revealed that the Chinese classified site would be making some transition and in the future it won’t be a just a classified service. The company’s latest moves signaled that 58.com might turn itself into an ecommerce infrastructure for local merchants. Last week group buying service aggregator Qianpin.com partnered with […]
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Pony Ma Shares Thoughts On Mobile Internet, Says Weixin Users Hit 200 Million By This Month
In the 2012 China Internet Conference, the penguin kingdom leader Pony Ma shared his opinions on the mobile internet. Here’s some key notes. The Trend Pony Started the speech by quoting some latest data that by the end of June, Chinese mobile internet users have reached 388 million, and the number has passed 400 millions till September. “It […]
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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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The Gold Rush Mentality
Local news broke last week that 360buy is looking to outsource its group buying business while 55Tuan appears to be one of the bidders as the two were rumored to be in discussion about the possibility. Now It’s 360buy’s Turn The 360buy move followed 55Tuan’s taking over of Ganji group buying business two weeks ago. […]
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P2P Lending Industry and a Practioner’s Experiences in Entrepreneurship in China
P2P Lending in China I have been fascinated and in love with the concept of P2P (peer-to-peer) lending for over 3 years, including writing numerous business plans, studying various models across different countries, working in what has become the largest and most successful peer-to-peer lending company in the world based in China, to now, founding […]
