LemonBox, a Chinese e-commerce startup that imports vitamins and health products from the US, has raised $2 million to develop its business. The company graduated from Y Combinator’s most recent program in the U.S. and, fuelled by the demo day, it has pulled in the new capital from 10 investors which include Partech, Tekton Ventures, […]
View More LemonBox, which brings US vitamins to Chinese consumers, raises $2MCategory: WeChat
A Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series B
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 BSimbaPay launches Kenya to China payment service via WeChat
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense Forging another link between Africa […]
View More SimbaPay launches Kenya to China payment service via WeChatWeChat e-wallet teams up with Line to target Japan’s 7M Chinese tourists
China’s biggest chat app WeChat is set to make its payments service more ubiquitous in Japan, a popular outbound desitnation for Chinese tourists. On Tuesday, the Tencent-run messenger unveils a partnership with Japan’s Line chat app on mobile payments. The tie-up allows Japanese brick-and-mortar merchants with a Line Pay terminal to process WeChat Pay transactions […]
View More WeChat e-wallet teams up with Line to target Japan’s 7M Chinese touristsTencent e-wallet is following Alibaba to Hong Kong subways
China’s payments giants have taken their battle to Hong Kong. Less than a week after Ant Financial announced adding QR codes to the city’s MTR public transport network of rail, Tencent’s WeChat Pay unveiled a similar scheme on Wednesday. Starting mid-2021, commuters in Hong Kong can scan a barcode to enter the subway turnstile through […]
View More Tencent e-wallet is following Alibaba to Hong Kong subwaysWalmart in China is now testing same-day grocery delivery from Dada via WeChat
Walmart has just begun testing same-day grocery delivery called Walmart To Go in one of its stores in China, months after the American retail titan expanded grocery delivery in its homeland. The service is accessed through a mini-program within WeChat – the Tencent-owned messaging platform Walmart partnered with earlier this year, in order to better […]
View More Walmart in China is now testing same-day grocery delivery from Dada via WeChatChina’s hottest news app Jinri Toutiao announces new CEO
You may not have heard of ByteDance, but you probably know its red-hot video app TikTok, which gobbled up Musical.ly in August. The Beijing-based company also runs a popular news aggregator called Jinri Toutiao, which means “today’s headlines” in Chinese, and the app just assigned a new CEO. At a company event on Saturday, Chen Lin, an […]
View More China’s hottest news app Jinri Toutiao announces new CEOChina’s Craigslist continues growth after netting 100 million small-town users
58.com, the Craiglist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties. During the third quarter, revenues grew 33.2 percent to $527 million and net income jumped 106 percent to $106 million year-over-year. The classifies giant said in Thursday’s earnings call that it added over 100 million new […]
View More China’s Craigslist continues growth after netting 100 million small-town usersThe forgotten ‘Facebook of China’ is sold for $20M
Renren, which was once heralded as the ‘Facebook of China’ and later became China’s answer to MySpace after falling out of fashion among its core young users, is selling its social networking business. Renren’s parent company Beijing Qianxiang Wangjing has agreed to sell all tangible and intangible assets of renren.com to Beijing Infinities Interactive Media, […]
View More The forgotten ‘Facebook of China’ is sold for $20MOpen sourcing analysis, plus US, China and HQ2
The big news today is that — finally — we have Amazon’s selection of cities for its dual second headquarters (Northern Virginia and NYC). Then some notes on China. But first, semiconductors and open sourcing analysis. We are experimenting with new content forms at TechCrunch. This is a rough draft of something new – provide […]
View More Open sourcing analysis, plus US, China and HQ211/11 shows biometrics are the norm for payments in China
Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day – the world’s largest shopping event – and hauled in $30.8 billion in total transactions, a staggering amount bigger than Cyber Monday and Black Friday combined. […]
View More 11/11 shows biometrics are the norm for payments in ChinaChina’s fast-rising Bullet Messenger hit with copyright complaint
Bullet Messenger, a fast-rising Chinese messaging upstart that’s gunning to take on local behemoth, WeChat, has been pulled from the iOS App Store owing to what its owners couch as a copyright complaint. Reuters reported the development earlier, saying Bullet’s owner, Beijing-based Kuairu Technology, claimed in a social media posting that the app had been taken down […]
View More China’s fast-rising Bullet Messenger hit with copyright complaint