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Rumor: Shanghai Issues First Online Food Delivery Merchant License to Alibaba's Hema

Oriental Morning Post, 3/16/16

The Shanghai municipal government has reportedly issued China's first merchant license for online takeout ordering and food delivery to Yiheng Network Technology, operator of Alibaba Group (NYSE: BABA)-backed takeout restaurant brand Hema Waimai and O2O fresh food brand Hema Xiansheng, according to a source familiar with the matter. Read More

Rumor: Baidu Invests RMB 200 Mln in Online Classifieds Site Baixing

BiaNews, 7/08/15

Chinese internet company Baidu (Nasdaq: BIDU) has invested RMB 200 mln in Shanghai-based Kiqiji Information Technology, operator of online classifieds site Baixing.com, according to recent reports from an industry source. Read More

Online Classifieds Site Baixing Wins USD 100 mln Investment

NetEase Tech, 1/19/15

Shanghai-based Kiqiji Information Technology, operator of online classifieds site Baixing.com, has announced the completion of USD 100 mln in Series D financing. Read More

Baixing Launches Mobile Store Builder Tool

Popoc.com, 7/18/14

Shanghai Kiqiji Information, operator of online classifieds site Baixing.com, recently launched its "Weidian" ("Micro-Store") mobile store builder tool. Read More

Baixing Reveals Third-Round Funding Details

21st Century Business Herald, 6/14/13

Wang Jianshuo, founder and CEO of Chinese online classifieds site Baixing.com, announced on June 13 that Baixing has received third-round funding. Read More

Rumor: Web Directory Revenues to Drop in 2012

DoNews, 1/01/12

An industry source has said that web directory sites will likely see revenues decline in 2012 as competition lessens between China's e-commerce sites, particularly small and medium-sized group buy sites and B2C malls, and ad spend for directory listings decreases. Read More

Alipay Launches C2C Payment Platform

DoNews, 11/17/11

Chinese third-party payment processor Alipay has released a new C2C platform, "Yi Zhuanrang" ("Easy Transfer"), that allows individual users to post items for sale for other users to purchase using Alipay. Read More