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58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji
58.com, 4/07/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More
Used Car Trading Site Souche Secures USD 578 Mln Series F
36Kr.com, 9/03/18
The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Read More
Tmall, Jingu and Kangzhong Jointly Form Auto Aftermarket Service Firm
Sina Tech, 8/23/18
Alibaba Group's (NYSE: BABA) B2C e-commerce site Tmall recently announced that its automotive division will form an aftermarket joint venture with Zhejiang-based wheel and tire manufacturer Jingu's (002488.SZ) subsidiary car care platform Qiche Chaoren ("Car Superman") and Jiangsu-based Kangzhong Industry Investment's auto parts B2B e-commerce platform Carzone. Read More
Alipay, Taobao Testing Group Buy Function to Rival Pinduoduo
Cnstock.com, 8/07/18
Chinese third-party payment processor Alipay and Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao recently partnered to launch a new group buying function, which can now be accessed through a link at the bottom of the Alipay main page. Read More
Taobao Launches Mobile Gaming Platform to Compete with WeChat Mini Games
36Kr.com, 8/06/18
Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao has now been operating a mobile mini games platform for approximately two months, according to online media outlet 36Kr.com, indicating that the platform is more than just a distribution channel for Alibaba Games' Chinese version of Japanese mobile casual game Travel Frog, but a mini games platform similar to WeChat's in-app games platform. Read More
Galaxy eSolutions Invests in O2O Smartphone Maintenance Platform 'Accelerate'
Cyzone, 7/17/18
Guangzhou-based Xiuke Information Technology, operator of O2O smartphone maintenance platform Jiasudu ("Accelerate"), recently announced the completion of RMB 8-digit Series A funding from Hong Kong-based cross-border e-commerce company Galaxy eSolutions. Read More
China's Leading Courier Firms Adopt Cainiao's Delivery Person Star Rating System
P5w.net, 7/05/18
Cainiao Network Technology, the smart logistics company co-established by Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) and several other firms, recently said that its delivery staff star-rating system has been adopted by five major Chinese express delivery firms including YTO Express (600233.SH), ZTO Express (NYSE: ZTO), Shentong Express, Best Express (NYSE: BSTI), and Tian Tian Express. Read More
Rumor: Used Car Trading Site Souche Raising USD 800 Mln Series F
Tencent Finance, 5/10/18
Beijing-based Souche Holdings, operator of online C2C used car sales platform Souche.com, is reportedly in the process of raising a USD 800 mln Series F round of funding, according to a source who spoke with online media outlet Tencent Finance. Read More
Goldman Sachs, Tencent, Didi Chuxing Invest USD 300 Mln in Car Trading Platform Renrenche
36Kr.com, 4/26/18
Beijing-based Renrenche Network Technology, operator of online and mobile used car trading platform Renrenche.com, recently won USD 300 mln in new funding led by Goldman Sachs, with participation from Chinese internet conglomerate Tencent (0700.HK) and taxi booking and car hire service app Didi Chuxing. Read More
Rumor: Alibaba to Make USD Multi-billion Investment in Today's Headlines
Kai Ba, 4/26/18
Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) is looking to make a USD 10-digit investment in Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, according to independent tech media blogger "Kai Ba." Read More
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