Over the last two years China’s e-commerce has been flourishing. The latest forecast is that there will be nearly RMB 2 trillion ($322 billion U.S.) worth of sales in 2013.
Estimates made by J.P. Morgan point to the e-commerce market in China growing by 43 percent a year to $401.7 billion (U.S.) between 2012 and 2015. (By way of comparison, e-commerce in the United States is increasing by betw
China’s real-estate market has warmed up since November of last year and the first quarter of this year saw a significant growth, according to Zhou Xin, CEO of real-estate services company E-House (China) Holdings Ltd.
He was speaking in a telephone conference held recently to announce his company’s financial results in the first quarter.
Its total revenue was $116.6 millio
Despite a challenging year in 2012, SouFun Holdings, operator of China’s leading real estate portal, has had a good first quarter, mainly due to its e-commerce business. The firm has decided to step up this business outside the tier-one cities where it has been most successful up to now.
Total revenue grew to $91 million U.S. in the first quarter, representing almost a 56 percent increase compa
SouFun Holdings, owner and operator of one of the leading Chinese real-estate portals, has hit back at allegations made by a U.S. short seller that its founder and chairman has diverted resources from the company for personal use through a series of questionable transactions.
Glaucus Research Group claimed in a report “SouFun While It Lasted,” issued on April 4, that Vincent Mo Tianquan was res
Chinese e-commerce conglomerate Alibaba Group has appointed Group Executive Vice President Jonathan Lu Zhaoxi as its new CEO, succeeding the group’s founder Jack Ma Yun. Ma announced on Jan. 15 that he was stepping down as CEO to make room for a younger generation of leaders. The news comes at a time when the Hangzhou-based company is believed to be preparing an initial public offering that is pro
BY DON GASPER
EBay is staging a comeback in China through a strategic partnership with a local firm, it
was announced on Nov. 12.
The global auction and shopping site pulled out of the domestic market in 2006, shutting
down its EBay Eachnet website after conceding that it had lost the battle for the mainland
to Alibaba Group’s Taobao online shopping platform. Since then i
China’s Shanda Interactive Entertainment is planning to spin off its advertising arm as a separate company, Shanda’s vice president Dr. Zhu Jing revealed recently. Shanda is an online media provider andChina’s third-biggest online games operator and developer.
According to a report in China’s 21st Century Business Herald, Zhu said that Shanda had decided in November 2011 to spin off
By DON GASPER
Alibaba.com, the China-based firm that is the biggest business-to-business e-commerce services provider in the world, has warned that market turmoil experienced in the third quarter of the year is likely to continue. However, it says it is determined to continue focusing on upgrading its business model.
In a filing lodged with the Hong Kong stock exchang
By Don Gasper
Sina Corp., operator of one of China’s major Internet portals, has upped the ante in the mainland’s social-media industry as it seeks to increase its advertising revenue from video content...
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By Don Gasper
HANGZHOU, China -- The imposing venue of the Zhejiang Great Hall of the People in the eastern Chinese city of Hangzhou provided the backdrop in early September for Alibaba Group chairman and CEO Jack Ma to speak of his company’s relationship with one of its major shareholders and throw down the gauntlet to the company’s rivals...