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Tmall to Shutter 'Maoxiang' B2C Direct Sales Platform on September 30

E-Commerce News, 8/01/23

Tmall, the B2C e-commerce platform of Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), recently issued a notice advising users that it will close its 'Maoxiang' self-operated stores from September 30. Read More

Goldman Sachs, Tencent, Didi Chuxing Invest USD 300 Mln in Car Trading Platform Renrenche

36Kr.com, 4/26/18

Beijing-based Renrenche Network Technology, operator of online and mobile used car trading platform Renrenche.com, recently won USD 300 mln in new funding led by Goldman Sachs, with participation from Chinese internet conglomerate Tencent (0700.HK) and taxi booking and car hire service app Didi Chuxing. Read More

JD Finance Forms Consumption-focused Early Stage Investment Fund

JD Finance, 8/10/17

Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) online financing and retail investment platform JD Finance recently set up its first venture capital fund for early-stage investments in the consumption domain, called Qianshu Fund. Read More

Alibaba Unveils QR Code Strategy

iFeng Tech, 6/10/14

Chinese e-commerce conglomerate Alibaba Group today announced the official launch of the company's "Mashang Tao" business strategy and accompanying merchant QR code platform, designed to increase the integration of QR codes into Alibaba's family of e-commerce sites. Read More

Baidu Appoints 91 Wireless COO as Mobile Cloud GM

DoNews, 3/06/14

Gu Ming, recently appointed COO of Chinese internet company Baidu's (Nasdaq: BIDU) 91 Wireless subsidiary, has been designated GM of Baidu's mobile cloud business division, according to a leaked internal memo from Baidu VP Li Mingyuan. Read More

Lenovo to Enter US Handset Market

Sina Tech, 11/01/13

According to Yang Yuanqing, CEO of Chinese consumer electronics manufacturer Lenovo (0992.HK), the company is planning to build upon the success of its mobile phone business in emerging markets by entering the US and other mature markets. Read More

Renren Establishes Wireless Division

TechWeb, 1/17/13

Beijing-based social networking site operator Renren (NYSE: RENN) announced today that it will consolidate its R&D teams and establish an independent wireless division as part of adjustments to the company's organizational structure and business divisions. Read More

ZTE Denies Rumors of Large-Scale Overseas Layoffs

Sina Tech, 7/17/12

Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) published a statement on its official Sina (Nasdaq: SINA) Weibo microblog account today denying recent reports that it plans to lay off 10,000 employees. Read More

Taobao Sites to Add Social Networking Features

Taobao, 12/07/11

Daniel Zhang, president of Hangzhou-based B2C e-commerce platform Taobao Mall, recently disclosed that Taobao companies, including Taobao Mall, Taobao Marketplace and shopping search engine eTao are looking to build an e-commerce social network for Taobao's 400 mln registered users. Read More

Alibaba Unveils 3-year European Strategy

Netease Tech, 9/02/09

Chinese B2B e-commerce firm Alibaba.com (1688.HK) is preparing to open a new European head office in London and launch a global ad campaign to attract more international customers. Read More