JD Shuts Down Used Goods Platform After Only Four Months

Kumai.jd.com, the second-hand trading platform of JD.com will partially close its e-commerce platform services starting from June 22, 2017. Then …

New Money For Used Car Internet Dealer RenRenChe

Renrenche websiteGone are the days of trudging to the northern reaches of Beijing to visit the huge automobile malls to buy …

Telstra Appoints New Chairman For Autohome

Cynthia WhelanAustralia-based Telstra has appointed Cynthia Whelan as new chairman of Autohome.com.cn, a Chinese automobile website. Autohome’s former chairman Timothy Chen …

Net Losses For Baixing.com’s Online Classifieds Business

online classifiedsChinese classified information website Baixing.com released its first annual financial report after its IPO, and the company’s operating revenue in …

China’s 58.com Gears Up For New Tech Growth

58comIts homepage may appear staid and plain, but the backend technology running Chinese classified information website 58.com is ramping up …

58.com Acquires ChinaHR.com

Chinese classified information website 58.com announced that the company has acquired the well-known recruitment website ChinaHR.com. However, no financial details were immediately available. On the completion of the acquisition, ChinaHR.com will maintain its independent operation, brand, and team. As a result of the acquisition, Ireland’s Saon Group, former parent company of ChinaHR.com, will withdraw itself […]

China’s Leading Classified Information Websites Announce Merger

Chinese lifestyle service platform 58.com announced a merger with its classified information listings competitor Ganji.com. According to the agreement, 58.com will acquire an approximately 43.2% fully diluted equity stake in Ganji.com for a combination of share consideration and cash, including approximately 34 million newly issued ordinary shares and USD412.2 million in cash. Meanwhile, the two […]

58.com Delivers Common Chores Direct To Chinese Consumers

Chinese classified information website 58.com announced the launch of a new housekeeping service brand named “58 Daojia” and appointed Chen Xiaohua, chief strategy officer of 58.com, as chief executive officer of “58 Daojia”. 58 Daojia provides location-based service booking, on-site services, and online payment and reviews. This project was initially launched in July 2014. Currently, […]

55tuan.com To Operate Ganji.com’s Group Buying Business

China’s Ganji.com and 55tuan.com have jointly announced that 55tuan.com has become the operator of Ganji.com’s group buying business.

Alipay.com Launches Trading Platform For Used Goods In China

Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.

Ganji.com Promotes Mobile Social Network In China

Chinese classified information website Ganji.com has updated its mobile client from the 1.0 version to 2.0, aiming to provide users with a better mobile Internet experience.

Renren.com Ties Knot With Japanese Partner For Marriage Website In China

Chinese social networking site Renren.com and Japanese human resources and Japanese media group Recruit Company Ltd. have reached an agreement to jointly establish a marriage-oriented social media platform in China.

Chinese Real Estate Information Website Gains USD50 Million Investment

Chinese Internet real estate information service provider Anjuke.com has completed its first round of financing in which strategic investors led by Baidu.com invested combined capital of USD50 million into the website.

China’s Ganji.com Gains USD20 Million Investment From Nokia, BlueRun

Chinese lifestyle information and classifieds listings website Ganji.com has announced that it has gained joint investments of USD20 million from Nokia Growth Partners and BlueRun Ventures.