There is no shortage of up-and-comers jostling for a spot in China’s massive ecommerce industry, and oftentimes they pick a niche market and present a novel business model different from the establishment of Alibaba or JD.com . Chinese social ecommerce app Fresh Buddy announced on Tuesday that it has raised $100 million in a series B funding […]
View More A Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series BCategory: online marketplaces
Mogu’s long journey: From rejecting Alibaba’s advances to US IPO
Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the U.S. before year’s end. Mogu priced its sale at $14 per share on Wednesday, toward the lower end of a marketed range. […]
View More Mogu’s long journey: From rejecting Alibaba’s advances to US IPOPhilippines fintech business Voyager raises $215M in Tencent-led round
One of the year’s largest fintech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million. The bulk of the deal comes via a previously announced investment from Tencent which, alongside PE firm KKR, agreed to invest $175 million. Added to that, Voyager has pulled in a further $40 million from International Finance […]
View More Philippines fintech business Voyager raises $215M in Tencent-led roundAlibaba sets new Singles’ Day record with $31B in sales, but growth is slowing
Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever […]
View More Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowingAs stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads
Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the 20-year-old lumbering Pez dispenser of an e-tailer, keeps plugging along. Now, as it manages to eke out another earnings win by matching analysts’ expectations, the […]
View More As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and adsAlibaba goes big on Russia with joint venture focused on gaming, shopping and more
Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring countries. The numbers are projected to rise as, like in […]
View More Alibaba goes big on Russia with joint venture focused on gaming, shopping and moreAlibaba confirms it raised $3B for its newly consolidated local services business
Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today. […]
View More Alibaba confirms it raised $3B for its newly consolidated local services businessAlibaba shrugs off China concerns as revenue jumps 61%
Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth. The Chinese e-commerce giant reported total sales of 80.92 billion RMB ($12.2 billion) for its Q1 2019, fractionally beating Bloomberg’s estimate of 80.88 billion RMB. The firm record […]
View More Alibaba shrugs off China concerns as revenue jumps 61%E-commerce drives Southeast Asia’s Sea to record revenue but big losses remain
Sea, one of Southeast Asia’s largest internet companies, continues to see losses although its growing e-commerce business helped it hit record revenue. The Tencent-backed company went public back in October when it raised around $1 billion through an NYSE listing. Its latest earnings released today show revenue broke $200 million for the first time ($219.6 million) […]
View More E-commerce drives Southeast Asia’s Sea to record revenue but big losses remainApple defends decision not to remove InfoWars’ app
Apple has commented on its decision to continue to allow conspiracy theorist profiteer InfoWars to livestream video podcasts via an app in its App Store, despite removing links to all but one of Alex Jones’ podcast content from its iTunes and podcast apps earlier this week. At the time Apple said the podcasts had violated its […]
View More Apple defends decision not to remove InfoWars’ appStarbucks partners with Alibaba on coffee delivery to boost China business
Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to maintain growth — its China business dragged on its Q3 financials — and it is up against some […]
View More Starbucks partners with Alibaba on coffee delivery to boost China businessThe incredible rise of Pinduoduo, China’s newest force in e-commerce
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. From Alibaba to JD, China is not short of e-commerce powerhouses. Although the country’s e-commerce market is highly consolidated, it’s not impossible for startup teams to crack this market as long as they are solving the right problems for […]
View More The incredible rise of Pinduoduo, China’s newest force in e-commerce