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Alibaba's Freshippo Grocery Chain Opens 12 More Stores
Sohu, 6/30/23
Freshippo, the high-tech grocery chain of Chinese internet giant Alibaba Group (NYSE: BABA; 9988.HK), announced today it has opened 12 more stores in eight cities across mainland China, including Beijing, Shanghai, and Guangzhou. Read More
Q3 2020 Investment in Chinese Internet Startups Down 9% QoQ
CAICT, 10/16/20
As China's domestic economy maintained its gradual recovery, capital markets for Chinese internet startups also remained relatively stable in Q3 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.22 bln, down 8.9% QoQ and 39.0% YoY, according to Chinese government data. Read More
Q2 2020 Investment in Chinese Internet Startups Up 37% QoQ
CAICT, 7/11/20
Driven by the continued recovery of China's economy and looser liquidity, capital markets for Chinese internet startups rebounded strongly in Q2 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.52 bln, up 37.0% QoQ but down 18.4% YoY, according to Chinese government data. Read More
SME Group Health Insurance Solutions Provider StartupCare Appoints New CEO
CareVoice, 7/07/20
Shanghai-based StartupCare, a provider of group health insurance solutions for SMEs and startups that was spun off last year from international health insurtech company The CareVoice, announced today the appointment of Wu Ying as Chief Executive Officer. Read More
JD.com Records RMB 169 bln GMV During 18-day Anniversary Promotion
JD.com, 6/19/20
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
Q1 2020 Investment in Chinese Internet Startups Down 28% QoQ
CAICT, 4/09/20
As the COVID-19 pandemic battered both domestic and overseas economies, capital markets for Chinese internet startups tightened dramatically in Q1 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 5.09 bln, down 28.1% QoQ and 36.3% YoY, according to Chinese government data. Read More
Q4 2019 Investment in Chinese Internet Startups Down 32% QoQ, 52% YoY
CAICT, 1/10/20
Against a backdrop of increased domestic and international economic pressure, capital markets for Chinese internet startups saw a major tightening in Q4 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 6.84 bln, down 32.3% QoQ and 51.5% YoY, according to Chinese government data. Read More
JD.com's 7Fresh Opens First "Seven Fun" Lifestyle Space + Convenience Store
JD.com, 12/24/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD)'s 7Fresh fresh food supermarket chain launched the first of its Seven Fun lifestyle spaces today in Beijing. Read More
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
Q3 2019 Investment in Chinese Internet Startups Up 15% QoQ, Down 38% YoY
CAICT, 10/14/19
Capital markets for Chinese internet startups began to warm again in Q3 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 9.63 bln, up 15.1% QoQ, but down 38.3% YoY, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
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