China launches ID authentification chip to rein personal data leak

China’s Ministry of Public Security issued the first batch of 50,000 smart chip cards in Gongqing City of Jiangxi Province in an attempt to promote safer and easier identity authentication for smartphone users. The technology is expected to have wide applications in areas such as e-commerce, social media, and administrative services. Dubbed as SIMeID, the … More China launches ID authentification chip to rein personal data leak

JD forms new strategic partnership with Sina

Online retailer JD has struck a new strategic partnership deal with Sina Corp dubbed “京浪计划” (the JD-Sina Program; our translation) local media is reporting. Sina is the newest member of the JD alliance, joining other big-name members including Jinri Toutiao, Baidu, Qihoo 360, NetEase and Sougou. Both JD and Sina are expecting to get a … More JD forms new strategic partnership with Sina

Ant Financial, Didi and Xiaomi named top unicorns in China

China’s Ministry of Science and Technology has announced the 2017 China Unicorn Enterprise Development Report (in Chinese) and the Zhongguancun Unicorn Enterprise Development Report. 164 companies have made the top unicorn list, with a total valuation of $628.4 billion. Ant Financial took the crown with a valuation at $75 billion. Didi Chuxing and Xiaomi were … More Ant Financial, Didi and Xiaomi named top unicorns in China

Alibaba Invests a Further US$2 Billion in Lazada to Accelerate Region’s E-Commerce

Aibaba Group said Monday it will inject a further $2 billion into Southeast Asian online shopping giant Lazada as part of the group’s ongoing effort to accelerate the region’s e-commerce development. The latest move will deepen Lazada’s integration into the Alibaba ecosystem and brings Alibaba’s total investment in the e-commerce platform to $4 billion. In … More Alibaba Invests a Further US$2 Billion in Lazada to Accelerate Region’s E-Commerce

WeChat’s micro retailers come under scrutiny in run up to World Consumer Rights Day

WeChat’s micro store business Weishang (微商) is challenging Alibaba’s Taobao for e-commerce domination in China. It seems that the service is going through the very same problems that Taobao has experienced previously. Product quality, marketing spam, and after-sales services are three top concerns for Weishang, a report from the Beijing Customer Association shows. As a … More WeChat’s micro retailers come under scrutiny in run up to World Consumer Rights Day

JD.com’s new accelerator focuses on blockchain startups

JD.com, one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluezelle, Nuggets, Republic Protocol and Devery. In an announcement, JD.com said startups will work with its operational teams to “test real-world applications of their … More JD.com’s new accelerator focuses on blockchain startups

JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China … More JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in U.S.

Walmart today announced a major expansion in terms of its global e-commerce presence: the retailer is entering a strategic partnership with Tokyo-based Rakuten, which will see the companies collaborating on the launch of a new online grocery service in Japan, and the sale of e-readers, audiobooks and e-books in the U.S., via Rakuten-owned Kobo. The … More Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in U.S.

JD.com Partners with “China’s Pinterest” on New WeChat Sales Venture

Chinese e-commerce platform JD.com will collaborate with Meili on a new fashion e-tail venture, which will reportedly be run as a WeChat mini-program. The venture is set to make its debut after Chinese New Year. Meili (美丽联合集团) is a company that formed when social e-commerce site Mogujie (蘑菇街) bought out rival Meilishuo (美丽说) in 2016. … More JD.com Partners with “China’s Pinterest” on New WeChat Sales Venture

How Secoo Leaps to the Top of Luxury E-Tail in China

A new report from Deloitte shows a surprising leader among China’s luxury online shopping platforms. According to “China’s Luxury Online Consumption Report”, Secoo (寺库中国), a name unfamiliar even to many Chinese e-commerce fans, has grown to 25.3 percent market. They now have a much larger slice than Net-A-Porter, Alibaba’s Mei.com or JD.com’s Farfetch. On November … More How Secoo Leaps to the Top of Luxury E-Tail in China