Guazi completed $400 million U.S. Series B financing Guazi ershouche, among the leading c-to-c used auto platforms in China, has secured $400 million U.S. in an eagerly anticipated Series B financing round. The round was led by a $100 million U.S. investment from former Series A backer, Sequoia Capital China. New participating investors in the round were H Capital, CMB International, Jingxin Venture Capital, Dragoneer Investment...
Alibaba Group, China’s leading b-to-b marketplace, announced today that seven top Chinese e-commerce influencers will tour Australia in a bid to create further demand for Alibaba and local exporters.
ACProperty and ListGlobally, a listings syndicate, together launched a real estate classifieds site in China called Sodichan to capitalize on the ever-growing appetite of the Chinese for real estate abroad.
Michael Evans, president of Alibaba Group, commented extensively the latest report of the USTR which includes Taobao on its 2016 blacklist of "notorious marketplaces" known for listing counterfeit goods which violate intellectual property rights - in this case, trademark rights.
The so-called Service Industry Salary Survey Report 2016 included maternity matrons, car mechanics, beauticians, air-conditioner technicians, deliverymen, drivers and chefs on the list of ten jobs with the best wage development.
Speaking at the World Internet Conference held in Wuzhen, China on Nov. 17, Michael Yao Jinbo, founder and CEO of 58.com, the major Chinese online marketplace, said his company foresaw new opportunities in the area of life services.
Autohome Inc. (NYSE:ATHM), one of China’s two leading classified auto sites, elected two new directors to its board at the annual general meeting of shareholders held in Hong Kong on December 16. The two new directors, Pu Tianruo and Wang Dazong, have wide experience of internet business and the automobile industry respectively.
Fang Holdings (NYSE: SFUN), operator of a major real estate site in China, confirmed on Dec. 13 that its proposed acquisition of a controlling stake in Chongqing Wanli New Energy, and the sale of Wanli's assets had run into difficulties.
In China, Bitauto Holdings appointed Zhu Lei as its chief technology officer, effective from today, to build the auto sites Big Data capabilities.
Zhang Chuan, executive VP of 58.com Inc. (NYSE: WUBA), China's largest online classified marketplace, resigned with immediate effect on Nov. 29.