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Installment Plan E-tailer Qufenqi Lands USD 9-digit Series C

Sina Tech, 12/02/14

Beijing-based Kuaile Shidai, operator of online shopping site Qufenqi.com, recently completed USD 9-digit Series C funding from previous investors BlueRun Ventures and Source Code Capital. Read More

Rumor: OkayBuy Loses Steam, Awaits Tencent Acquisition

Sina Tech, 10/19/12

Li Shubin, co-founder of Beijing-based apparel e-commerce firm Okaybuy, has responded to recent rumors that several Okaybuy senior executives have departed the firm, leaving behind "an empty shell that has run out of funding and awaits acquisition by Shenzhen-based internet company Tencent (0700.HK)," stating on his personal Sina Weibo microblogging account that the company has over 700 employees and is not "hollowed out." Read More

51Buy Joins B2C E-commerce Price War

Shanghai Morning Post, 5/17/12

Chinese online consumer electronics retailer 51Buy.com has announced that it will join Shenzhen-based internet company Tencent (0700.HK) to invest RMB 500 mln in an e-commerce price war, focused primarily on digital consumer electronics and electronic appliances. Read More

Rumor: B2B2C QQ Buy Records Nearly 20K First-day Orders

DoNews, 12/13/11

Industry sources have revealed that Chinese internet giant Tencent's (0700.HK) B2B2C platform QQ Buy processed nearly 20,000 orders on December 12, the site's first official day of operations. Read More

Tencent Microblog Launches E-Commerce Platform

China Computer World, 11/18/11

Chinese internet giant Tencent's (0700.HK) microblogging platform has launched its "Wei Mai Chang" e-commerce feature, with sites like Beijing-based apparel e-commerce firm Okaybuy launching dedicated pages. Read More

Okaybuy Deploys Nationwide On-Campus Sales Force

Tencent Tech, 9/26/11

Beijing-based apparel e-commerce firm Okaybuy's campus marketing alliance today formally began full operations online. Read More

Tencent to Launch New E-Commerce Platform in Q4 2011

Netease Tech, 8/19/11

Wu Xiaogang, senior VP in charge of Chinese internet giant Tencent's (0700.HK) e-commerce division, revealed today that Tencent will launch an e-commerce platform in Q4 2011. Read More

Rumor: Okaybuy Third-Round Funding Solely from Tencent

Sina Tech, 5/19/11

According to an industry source, Chinese online apparel retailer Okaybuy's (okbuy.com) recently completed USD 60 mln third-round funding came entirely from Chinese internet firm Tencent (0700.HK) and the funds have been deposited in Okaybuy's account. Read More

Okaybuy Completes USD 60 Mln in Third-Round Funding

Sina Tech, 3/14/11

According to an industry source, Beijing-based apparel e-commerce firm Okaybuy has completed third-round funding worth USD 60 mln. Read More

Letao Wins Lawsuit against OkayBuy

21st Century Business Herald, 11/24/10

The Haidian District People's Court in Beijing has issued a decision in favor of Chinese B2C online shoe retailer Letao in its suit against online apparel retailer OkayBuy. Read More