Tag: china


China-based Guazi and Chezhibao attract funds

China-based Guazi and Chezhibao attract funds

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...

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Alibaba unhappy about Taobao on USTR blacklist

Alibaba unhappy about Taobao on USTR blacklist

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.


58.com releases wage report for services industry

58.com releases wage report for services industry

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.


CEO of 58.com forecasts big growth in online services

CEO of 58.com forecasts big growth in online services

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.


China’s Autohome elects new directors

China’s Autohome elects new directors

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 runs into problems with planned acquisition

Fang runs into problems with planned acquisition

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.



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