Category China

Alibaba Leads $300M Round in Yiguo, China’s Largest B2C Food Marketplace

Alibaba is, again, investing in Yiguo. The newest $300 million round, led by Alibaba, is the fourth round Alibaba is investing with into Yiguo. From Alibaba’s Alizila Magazine: Alibaba Group said Thursday it led a $300 million, D-round investment in Yiguo.com, China’s largest B2C fresh produce online marketplace. Yiguo delivers perishable goods, such as fruits, […]

A Chinese Food Delivery Giant in the Making: Ele.Me in Talks to Merge With Baidu Waimai

Ele.me is China’s largest food delivery service, and the company is about to get significantly larger soon. China Money Network: As of last December Ele.me and Baidu Waimai were ranked as the first and third largest food delivery apps in China, with 36.5% and 17.3% market shares respectively. Meituan Waimai was ranked second with 33%, […]

This Chinese Startup‘s Stores Are Like a Mashup of Amazon Go and the Treasure Truck

Tech in Asia is reporting on Bingobox, a Chinese startup building Amazon Go like technology. Bingobox is already operating a handful of stores in Zhongshan, where Bingobox is also based, and recently launched the first one in Shanghai. Bingobox stores look a little less ‚glamourful‘ than Amazon Go and run, expectedly, on WeChat. Customers have […]

Why JD.com’s Biggest Threat is WeChat

Marketplaces, like platforms in general, create winner-takes-all dynamics by virtue of the network effects that create an ever growing gravitation towards the biggest entities. As online retail goes more and more towards marketplaces everywhere, this dynamic gets more prevalent as well. This holds equally opportunities and strategic pitfalls for online retailers as well. Case in […]

JD.com

JD.com Sees GMV and Annual Active Customers Grew by Over 40% in Q1 2017

Quite the time for e-commerce right now. After fantastic numbers from Wayfair, The Hut Group and others, it is now JD.com‘s turn. China Internet Watch: Jingdong GMV for the first quarter of 2017 increased by 42% to 184.1 billion yuan (US$26.7 billion) from 129.3 billion yuan in Q1 2016. Annual active customer accounts increased by […]