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Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More
Shanghai-based eyeglasses retailer Youtong Trading (Coterie) recently announced completion of RMB 100 mln in Series C funding from ChinaEquity Group (833858.NEEQ). Read More
Beijing-based automotive website firm Bitauto (NYSE: BITA) has announced the launch of an "Optimus Prime" Plan for an automotive industry artificial intelligence (AI) engine that smartly connects drivers, manufacturers, and dealers. Read More
Chinese internet company NetEase (Nasdaq: NTES) has announced the launch of adult product brand TryFun, which will feature products that are designed specifically for Asian young adults and utilize innovative models. Read More
Chinese third-party payment processor Alipay has begun testing facial recognition payment, according to a video posted on social media that showed a woman utilizing the facial recognition feature to make a payment. Read More
Beijing-based Constellation Goddess Culture Communications, operator of online astrology and horoscope information platform Constellation Goddess, has announced the completion of RMB 30 mln Series A funding led by Zuoyu Investment Management, and with participation from Tsing Ventures, Chinese Android device maker Xiaomi, and Weiyue Investment. Read More
Chinese arts and music SNS Douban has announced the formation of a film production subsidiary called Feichuan Pictures. Read More
Beijing-based Mengzhichuang Digital Technology, operator of online and mobile plaza dancing video instruction platform Tangdou Guangchangwu (literally "Sweet Bean Square Dance"), raised USD 15 mln Series B funding in September led by Shunwei Capital, the venture capital firm co-founded by Chinese Android device maker Xiaomi's CEO Lei Jun, and with participation from Legend Capital, Engage Capital, and Redpoint Ventures, revealed Tangdou Cuangchangwu found Zhang Yuan. Read More
Mobile Taobao, the Chinese mobile app operated by Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao, recently launched a new "Taobao Zhibo" ("Taobao Live Broadcast") function. Read More