According to a report by Analysys International, a Beijing-based market research firm, Taobao, 360buy and Joyo (Amazon China) sit in the top of a Q2 2011 B2C transaction volume chart. While Suning Yigou, the online shopping initiative by the Chinese appliance franchise, unexpectedly replaced Dangdang coming in fourth on the same chart. Excellent Financial Results […]
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Ecommerce Outsourcer Yi-Inc Raised $20m in Series B;Tencent Leaks News About New B2C Platform;Pandora Coming To China Soon
1. Ecommerce Outsourcer Yi-Inc Raised $20m in Series B Yi-Inc, a Guangzhou-based ecommerce outsourcer that operates online shop for home appliance vendors including Philips, Midea and Galanz, announced raising $20m in Series B round of funding from Trust Bridge Partners, IDGVC and HongKong-based venture capital Big Profit. People would be no stranger to the official […]
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Walmart Invested 360buy, the Biggest 3C Online Retailer in China
Liu Qiangdong, the chairman of 360buy, the biggest 3C online retailer in Chinese B2C market, today disclosed its series C venture investment, the amount is over $500million. Liu said this round of investment is not from venture capitals, but also from some strategic investor including Walmart and other six large internet companies. Walmart is starting […]
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Online Marketing Firm iClick Raised US$25 Million in Series B
Founded in Jan 2009, Hong Kong based online marketing firm iClick Interactive has grown into a company of over 170 people and US$60 million sales in just less than three years. Recently, it has raised a second round of funding, US$25 million, from Bertlesmann, Sunitomo, SSG Capital and OTTO.
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Dangdang.com Goes Public in Nasdaq Next Month
I was having a lunch with a friend today. And he told me, next month, i.e. November, the largest Chinese online book retailer, Dangdang, will be going public in Nasdaq. As one of the first major Chinese e-commerce sites going public, it must create lots of fuss. I heard from an investment bank source that […]
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Chinese Online Retailers Ready to Take off – StarWatch Report Nov Edition Released
[This article is extracted from our StarWatch report (November Edition). To read the full article, please download the report English version and Chinese version for free. The English edition of this report will also cover other hot topics such as mobile internet industry in China, and startup profile including Sky-Mobi, D.cn etc.] On October 26, […]
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15-years Chinese Web, We See The Glory, Can We See The Dream?
After 15 Years of development, Chinese internet is now the biggest market with over 420millions users and has massive potential as the internet penetration is still around 32%. The recent news of Chinese companies such as Dangdang, Youku being listed in NASDAQ and companies like Tudou together with many others (i herad that there were […]
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Is Another Chinese Tech Bubble In the Making??
Dang Dang and Youku are finally listed. Both performed very well in their IPO debut in Nasdaq. Share of Dang Dang, one of the largest online bookstore, jumped 87 percent to close at US$29.91 on Dec 8. Youku, the leading online video site, surged 161 percent to US$33.44 yesterday. Its surge was second only to […]
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China's express delivery service gets overheat
I found out about this personally when I bought some cat food online. Usually, the delivery boy will come the next day after my order. But, this time, the pet shop owner said there was no longer any express delivery. Just to make sure my cats do not starve to dead, he came the […]
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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 […]
