Beibei.com Raises Investment Aimed At China’s Population Boom
Chinese maternal and baby supplies e-commerce platform Beibei.com completed its fourth round financing of USD100 million. Its investors included well-known …
CNY2 Billion Deal Amps Up Chinese Smartphone’s Appeal
Chinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. …
Chinese E-Commerce Eyes Stability During Year’s Biggest Shopping Day
In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope […]
Uniqlo Closes Chinese Internet Shopping Retail Site
Days after a sex video filmed in Uniqlo’s Beijing store blew up the Chinese Internet, the Japanese apparel retailer says it has closed its flagship store on JD.com. The store was shuttered on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo’s […]
South Korea’s Lotte.com Inks Internet Payment Deal With China’s Alipay
Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website Lotte.com to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. Lotte.com and the Lotte duty free […]
360Buy.com Adds More Delivery Options In Beijing For E-commerce Purchases
Chinese B2C e-commerce website 360buy.com has formally started cooperating with the convenience store provider Good Neighbors to offer pick-up service in 13 Good Neighbors convenience stores in Beijing, covering Xicheng district and part of Haidian district.
Spanish Retailer Eyes Chinese E-commerce Opportunity
Spain’s Inditex, parent company of the fast fashion brand Zara, has announced plans to launch an Internet apparel store in China in September 2012.
China’s Meituan.com Reports Semi-annual Sales Of CNY1.916 Billion
Chinese group buying website Meituan.com published its latest sales statistics, claiming that the company achieved sales of CNY440 million in June 2012.
China’s Dangdang.com, Gome Sign Exclusive E-commerce Agreement
Yao Danqian, senior vice president of Dangdang.com, told local media that the website has signed an exclusive agreement with the home appliances retailer Gome for large home appliances and Dangdang.com henceforth not sell large home appliances.
Alibaba’s Internet Payment Subsidiary Loses Online Retailer In China
Chinese B2C e-commerce website 360buy.com has published a notice, stating that its cooperation with Alipay.com, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at Alipay.com.
Suning Unveils After-sales Nanjing Technical Training Center
Chinese home appliances and electronics retailer Suning has announced that after six months of preparation and construction, its after-sales technical training center has been formally put into operation, making it the first after-sales technical training platform in the Chinese home appliances retail industry.
360buy.com Teams With Jointown To Explore Chinese Internet Medicine Sales
Chinese B2C e-commerce website 360buy.com has reportedly invested in Beijing Haoyaoshi Pharmacy Chain Company, a subsidiary of Jointown Pharmaceutical Group Company Ltd.
China’s Ganji.com Develops Group Buying Internet Service With COFCO
Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.
Sina.com, China Dongxiang To Acquire 29% Stake In Chinese E-commerce Company
Shanghai-based mail order and Internet retailer Mecox Lane has announced that Sina.com and China Dongxiang plan to purchase 117,505,755 ordinary shares from its two major shareholders, Maxpro Holdings Limited and Ever Keen Holdings Limited.
Alibaba.com, Taobao.com To Launch New Internet Shopping Platform
Alibaba.com and Taobao.com, the two subsidiaries of the Chinese e-commerce group Alibaba, jointly announced plans to launch a new Internet shopping website under the domain name of Lp.taobao.com.
First Major IPTV Online Store Launches In China
TVMall, China’s first online store based on the IPTV platform, has been launched.
Wal-Mart Might Launch E-commerce Business In China
According to reports in Financial Times, the world’s leading retailer Wal-Mart plans to launch e-commerce business in China and Japan and it is currently establishing the technology platform.
Ministry Of Culture Sets Standards For Establishing Chinese Internet Cafes
China’s Ministry of Culture has just promulgated a new rule to strengthen the management of netcafes and to promote the development of netcafe enterprises.