Taobao, the c-to-c and b-to-c e-commerce platform from China’s Alibaba Group Holding (NYSE: BABA) is making a move into short video. It's launched its own, stand-alone app aimed at letting users show off their goods on the consumer-to-consumer platform.
China’s 58 Daojia (AKA, 58 Home), the online-to-offline on-demand local services firm launched by classifieds giant 58.com (NYSE: WUBA), is branching out into group buying.
Onmmc.com, a Chinese b-to-c used auto services provider, has shown remarkable growth in 2018. According to figures released by the company today, its transaction volume has been growing at 300 percent for the first half of the year to date.
Shenzhen-based mobile phone recycling firm Huishoubao has raised an undisclosed “series C1 strategic funding round” from e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA).
Chinese automotive b-to-b marketplace and financing unicorn Souche.com has raised a further $578 million U.S., to fund its research and development and expand its leasing program (which operates through the Tangeche.com domain).
Alibaba Group Holdings Ltd. (NYSE: BABA), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, buoyed by strong growth for the mobile platform of c-to-c marketplace Taobao.
Xianyu, the used goods marketplace and social network created by Chinese e-commerce giant Alibaba’s Taobao brand, is continuing to expand into unchartered territory.
Mgzf.com (蘑菇租房), a Chinese real estate rental platform backed by Ant Financial, is beginning to make waves in its competition with other dedicated rental sites like 58.com’s mobile platform Haozu.
U.S. social media giant Facebook (NASDAQ: FB) has made a move toward breaking into the China market by setting up a subsidiary in Hangzhou --- also home to e-commerce giant Alibaba Group Holdings Ltd. (NYSE: BABA) --- with a registered capital of $30 million U.S., according to China’s National Enterprise Credit Information Publicity System.
Thai recruitment startup GetLinks has recently closed a funding round led by Alibaba’s Hong Kong Entrepreneurs Fund and Australian behemoth Seek. The round was joined by AddVentures, K-Ventures, Peterson Group and Axis Capital Partners.