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Manbang Invests RMB 300 Mln in Auto Parts and Maintenance Platform Jybd.cn
Tencent Tech, 6/26/18
Beijing-based Jiayi Bingding E-commerce, operator of auto parts marketplace and after-sales maintenance services platform Jybd.cn, recently announced completion of RMB 300 mln in Series A funding from Chinese truck-hailing company Manbang Group. Read More
Alibaba Invests RMB 4.5 Bln in Rural B2B E-commerce Platform Huitongda
Jiangsu Financial Herald, 4/17/18
Chinese internet conglomerate Alibaba Group (NYSE: BABA) and Five Star Investment Holdings Group recently announced a strategic partnership, according to which Alibaba will invest RMB 4.5 bln in Jiangsu-based rural-user-facing appliances B2B e-commerce marketplace operator Huitongda Network Holdings, a subsidiary of Five Star Investment Holdings Group. Read More
Rural B2B E-commerce Platform 'Huitongda' Wins RMB 500 Mln Funding
Tencent Tech, 12/22/17
U.S.-China Green Fund announced today the completion of a RMB 500 mln investment in Jiangsu-based Huitongda Network Holdings, operator of rural-user-facing home appliance and equipment B2B e-commerce marketplace Huitongda. Read More
China's FDA Forbids Merchants on Tmall Drugstore from Selling OTC Drugs
Yigoonet.com, 5/27/16
Tmall Drugstore, the third-party B2C medicine e-commerce platform operated by Alibaba Group's (NYSE: BABA) healthcare subsidiary Alibaba Health Information Technology (0241.HK), notified merchants on its platform today that they will no longer be allowed to sell over-the-counter (OTC) drugs anywhere in the country, according to a notice sent to Tmall Drugstore by the Hebei provincial branch of the China Food and Drug Administration (CFDA). Read More
Qihoo's B2C Online Drug Marketplace '360 Haoyao' Wins RMB 100 Mln Series A
Ebrun, 5/26/16
Guangzhou-based Youyi Information Technology, operator of online and mobile B2C drug marketplace 360 Haoyao (literally "360 Good Medicine"), has won RMB 100 mln Series A funding from Lilly Asia Ventures and SoftBank China Venture Capital. Read More
Online P2P Financing Platform Weidai Wins RMB 1 Bln Series C
Caijing.com.cn, 5/23/16
Hangzhou-based Ruituo Technology, operator of online P2P financing platform Weidai.com.cn, has announced the completion of RMB 1 bln Series C funding led by Vision Knight Capital and with participation from China Capital Management and Dongyi Risheng Decoration (002713.SZ). Read More
Alibaba's AliExpress to Collect Annual Service Fee
I.wshang.com, 12/07/15
Chinese e-commerce giant Alibaba Group's (NYSE: BABA) AliExpress, an online marketplace that specializes in the sale of Chinese-made goods directly to consumers and small merchants globally but with an emphasis on emerging markets, today revealed a new policy that will see sellers on the platform charged an annual service fee. Read More
WeChat-focused Social Marketing Platform 'New Rank' Wins Series A
36Kr.com, 10/14/15
Shanghai-based Kanbang Information Technology, operator of WeChat-focused social marketing performance ranking and advertisement trading platform New Rank, last month completed RMB 20.2 mln Series A funding from Nanjing-based SkyChee Capital, and now has a post-funding valuation of RMB 202 mln. Read More
Chinese Central Government Procurement Platform Uses Alibaba Cloud
Huanqiu Tech, 3/09/15
Alibaba Cloud Computing (Aliyun), a subsidiary of Alibaba Group (NYSE: BABA), has publicly revealed that China's Central Government Procurement Center (CGPC) moved its official website, zycg.gov.cn, to Aliyun over a year ago and that it has operated without incident. Read More
Plastic Surgery Marketplace Yuemei Lands USD 7-digit Series A
Sina Tech, 9/29/14
Beijing-based Weikang Hengmei Information Technology, operator of online plastic surgery marketplace Yuemei.com, has raised USD 7-digit Series A financing from Ceyuan Ventures. Read More
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