richard liu

richard liu

China's 360Buy Raises $700M Ahead Of Potential IPO, Wants To Become Stronger Alibaba Rival

techcrunch.com
360Buy, the quick-delivery shopping site once described as the Chinese mashup of Amazon and Fresh Direct, announced $700 million USD in funding on Friday. While this gives the company, China’s second largest e-tailer after Alibaba, enough cash to delay its much-anticipated IPO, one of its investors, Kingdom Holding Company, a...
China's 360Buy Raises $700M Ahead Of Potential IPO, Wants To Become Stronger Alibaba Rival

So, About Those Free Washing Machines...

pandodaily.com
In the wake of a seemingly insane-ish price war that broke out on Sina Weibo two nights ago, Chinese consumers have woken up to find that the prices aren’t as crazy as the claims. Three of China’s biggest online electronic retailers broke into an impromptu battle of oneupmanship on...
So, About Those Free Washing Machines...
It's War: China's Ecommerce Giants Draw Swords on Weibo

Streamlining its brand, Jingdong's 360buy.com renames to JD.com

thenextweb.com
China’s Jingdong announced today that, in order to streamline its brand, it is renaming the B2C e-commerce site 360buy.com to JD.com. 360buy’s focus has been on communication, computers and consumer electronics. It boasts around 80 million registered users. The move is not so much a restructuring as it is perhaps...
Streamlining its brand, Jingdong's 360buy.com renames to JD.com

Citron founder: Condemnation from Chinese business leaders is 'personal Jihad'

thenextweb.com
Innovation Works founder Kai-Fu Lee has been involved in a public war of words with Andrew Left, the founder of Citron Research, an investment analysis website with a history of shorting Chinese companies. Lee’s side of the dispute just gained some powerful allies, as 60 prominent Chinese investors, executives and...
Citron founder: Condemnation from Chinese business leaders is 'personal Jihad'
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