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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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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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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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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 […]