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JD.com Records GMV of RMB 204 Bln Across 11-day Singles Day Sale
JD.com, 11/12/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More
HCI Solutions Firm InfoQuick SinoVoice Wins RMB 9-digit Strategic Investment
PE Daily, 9/25/18
Beijing-based human-computer interactive (HCI) technology firm InfoQuick SinoVoice recently completed a new RMB 9-digit round of funding led by Shenzhen Capital Group with participation from Septwolves Jieneng Huanbao Industry Venture Capital. Read More
Ant Financial Leads Series A3 Funding of Men's Online Customized Outfitter Champzee
36Kr.com, 9/25/18
Hangzhou-based Chuiyi Network Technology, operator of subscription men's apparel service "Champzee," recently completed Series A3 funding led by Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), with participation from China Broadband Capital's Chenshan Fund. Read More
Industrial Internet Solutions Provider Allsense Completes RMB 8-digit Pre-A
36Kr.com, 8/15/18
Shanghai-based industrial Internet solutions provider Allsense Technology recently announced completion of RMB 8-digit pre-Series A funding led by Beijing-based Mingshi Hexun Capital Management (FutureCap) with participation by US-based Linear Venture and Shenzhen-based Green Pine Yuanwang Asset Management. 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
Apparel Inventory Distribution App Akuncun Completes RMB 580 Mln Series B
36Kr.com, 7/02/18
Shanghai-based Chedong Information Technology, operator of apparel inventory distribution app Akuncun, recently announced completion of RMB 580 mln in Series B funding led by Legend Capital with participation by Eastern Bell Venture Capital and Xiamen-based C&D Corporation. Read More
Alibaba Leads USD 300 Mln Round in Overseas Travel and Shopping SNS App 'Little Red Book'
The Beijing News, 5/31/18
Xingyin Information Technology, operator of overseas travel and shopping SNS app Xiaohongshu.com (Little Red Book), recently made an internal announcement that the company has completed USD 300 mln in new funding led by Chinese internet conglomerate Alibaba Group (NYSE: BABA) with participation by GSR Ventures, Tencent Investment, Granite Global Ventures, Genesis Capital (Yuansheng Capital), Tiantu Capital, ZhenFund, and K11 Art Foundation founder Adrian Cheng, according to a source at the company speaking with online media outlet The Beijing News. Read More
Zhihu Opens Offline 'Q&A Convenience Store'
Techweb, 5/04/18
Beijing-based Zhizhe Tianxia Technology, operator of online and mobile Q&A community platform Zhihu.com, recently launched a new offline concept Q&A convenience store called "A Store of Q&A." Read More
Apparel Cross-border M-commerce App 'Look' Wins USD 22 Mln Series A
36Kr.com, 3/20/18
Beijing-based Yanzhi Youwu Technology, developer of apparel cross-border m-commerce app Look, has completed USD 22 mln in Series A funding, jointly led by Granite Global Ventures and Fengshion Capital, with participation from Ceyuan Ventures, Buttonwood Capital Management, and Zhengcheng Capital. Read More
Taobao Launches Low-end Shopping App
Lanjing, 3/17/18
Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao recently launched a new low-end shopping app called "Taobao Tejiaban" (Taobao Bargain Edition), which is now available through major app stores. Read More
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