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China's H1 2017 Internet User Base Reaches 751 Mln

CNNIC, 8/04/17

China's internet user base reached 751 mln in H1 2017, up 19.92 mln from the end of 2016, among which the mobile internet user base was 724 mln, up 28.30 mln from the end of 2016, according to data in the China Internet Network Information Center's (CNNIC) newly released H1 2017 State of the Chinese Internet Report. Read More

Food Ordering Platform Ele.me Completes USD 630 Mln Series F

Sohu Tech, 8/28/15

Shanghai-based Rajax Information Technology, operator of online food ordering platform Ele.me, has completed USD 630 mln Series F funding led by CITIC Private Equity Funds Management and Beijing Hualian Group Investment. Read More

Meituan 2014 GMV Up 180%

Sina Tech, 1/04/15

Chinese group buy site Meituan has announced that its gross merchandise volume (GMV) for 2014 surpassed RMB 46 bln, growing 180% from the previous year. Read More

Childcare E-commerce Site 'Miyabaobei' Secures USD 60 Mln Series C

Tech Web, 12/15/14

Beijing Huawang Online Commerce, operator of maternity and childcare e-commerce site Miyabaobei.com, has secured USD 60 mln Series C funding led by H Capital, with participation from Huawang's Series B investors Sequoia Capital and ZhenFund. Read More

Mogujie's Singles Day GMV Surpasses RMB 100 Mln

Tencent Tech, 11/11/14

Chinese online shopping SNS site Mogujie has announced that, since the launch of Mogujie's "Singles Day" promotions on November 10, gross merchandise volume (GMV) on the site has exceeded RMB 100 mln. Read More

WeChat Accounts for 10% of JD.com Book Sales

DoNews, 6/30/14

Shi Tao, VP at Beijing-based B2C e-commerce platform JD.com (Nasdaq: JD) and GM of the company's books, audio, and video department, has announced that JD.com's online book sales have soared since joining Tencent's (0700.HK) WeChat mobile messaging app on June 1, with sales through WeChat accounting for 10% of total book sales. Read More

30% of Dangdang June Orders from Mobile

Sina Tech, 6/30/14

Li Guoqing, CEO of Chinese B2C e-commerce site Dangdang (NYSE: DANG), has revealed that 30% of the company's June orders have been placed through mobile devices. Read More

Rumor: Baidu Acquires Perfect World Literature Subsidiary

TechWeb, 11/21/13

A source close to Chinese Internet firm Baidu (Nasdaq: BIDU) has revealed that the company is in final negotiations to acquire Chinese literature, comics, and animation website Zongheng.com, which is owned and operated by Huanxiang Zongheng Network Technologies, a subsidiary of Perfect World (Nasdaq: PWRD). Read More

Alipay Transaction Value Reaches RMB 35 Bln on Singles Day

36Kr, 11/12/13

Chinese third-party payment processor Alipay handled more than RMB 35 bln in payments on China's November 11, "Singles Day" e-commerce holiday. Read More

Jingdong Mobile Users Reach 100 Mln

BiaNews, 11/01/13

Lan Ye, CMO of Beijing-based B2C e-commerce platform Jingdong, revealed on November 1 that Jingdong's cumulative number of mobile users has reached nearly 100 mln. Read More