360buy Invest 4 Billion Yuan on Cloud Computing Center Project

Morning news in December 12, 360 Buy announced today that they have signed the Investment Framework Agreement of the Cloud Computing Center Project with Bayannao’er, Inner Mongolia Autonomous Region and Suqian, Jiangsu Province. The total investment is up to 4 billion Yuan. It is reported that the cloud computing...

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China’s Group Purchasing Market: Some 5472 Websites Compete Fiercely for Business

On August 12th, 2011, Renren.com released its financial report for the second-quarter this year. As it was shown in this report, nuomi.com, renren.com’s subsidiary launched in July, 2010, achieved net revenue of $ 1.1 million, while its operating expenses are as high as $ 5.6 million. Struggling to make ends meet...

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Termination of Partnership with Alipay May Cost 360buy 10% of Customers

Recently 360buy announced on its official website that it had terminated the cooperation with Alipay, which immediately triggered the doubt and suspicion of Internet users. According to Dratio, a well-known third-party data analysis agency in China, this decision may cost 360buy 10% of customers. Dration noted in its...

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360buy.com Partly Integrated with the Qianxun.com, Apparel Sellers Can Do Business at Both the Two Websites

One year and a half ago,360buy purchased Qianxun.com, the apparel B2C website of South Korea’s SK Telecom. But since then no more was heard of about the Qianxun.com until the website launched a theme promotion today, on the seventh day of the seventh lunar month, i.e. the Chinese Valentine’s day. This promotion...

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Vancl and Letao Strive to Explore New Marketing Strategy at Chinajoy

July, 29th, report has it that ChinaJoy, bringing with it a widevariety of games and a great host of charming showgirl, has made its debut in Shanghai. Among many exhibitors, Vancl, with its transformer exhibition and Letao, with its 1001- pairs of shoes-giveaway, have enjoyed high favor among the users. At the entrance...

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Tencent Makes a 50 Million Yuan Investment on mamacn.com

Reporter had learned yesterday that Tencent has made a 50 million yuan investment on mamacn.com, a parenting community website. This investment constitutes the first round of financing of mamacn.com, which will be mainly used in expanding its staff team, exploring lives in cities around china, as well as improving...

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Tencent Invested into OkBuy

Another huge financing in e-commerce sector was disclosed lately. The B2C online footwear retailer OkBuy has completed its C-round financing, which was co-invested by Tencent and Draper Fisher Jurvetson (DFJ). Tencent alone provided as much as 50 million US dollars, which is the largest financing in vertical B2C sector...

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Jou Jie of Lang Tao Jin Hopes Revenue over 100 Million in 2011

Dangdang and 360buy’s declarations of stop of payment for Baidu’s key words showed a desire of cutting down cost of online marketing. In fact, not just e-commerce websites, many enterprises are also seeking for the maximum result of online marketing. Undoubtedly, the age of performance marketing comes! Under this...

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Tencent CEO Mahuateng: 150 Vertical B2C Will Exceed 100 Million in 2013

Ma Huateng, CEO of Tencent expressed in an IT leader summit held in Shenzhen today that the market scale of consumer electronic field will achieve 100 billion and there will be more than 150 vertical B2C websites with sales volumes of over 100 million in the next few years. He said, in 2010, the scale of whole online...

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Strong-strong hand-joining of Newegg and ZJS Express: the new era of ecommerce in China

With the growing popularity of B2B, B2C and C2C ecommerce websites, ecommerce is looking certain to a future trend. And after a trial period, it has started to enter into a new phase of rapid growth. But the apparent growth has revealed that the growing number of users was, in some way, not proportional to the rising...

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