Industry experts are convinced that the $4bn that 360buy wants to raise in its IPO next year will go a long way towards fending off such challenges.
The decision by 360buy, one of Chinas largest e-commerce companies, to start preparations for an initi…
Ebay has reinvented its China business by helping local companies sell to consumers overseas, says the head of the online retailer’s operations in Asia.
Jay Lee told the Financial Times that cut-throat competition from local rivals, including Taobao, and entry barriers for foreign companies made China’s domestic e-commerce sector an unrewarding market for Ebay.
It drastically reduced its operations in China in December 2006 by handing Eachnet, its local consumer site, to a joint venture with Tom.com.
From the plain numbers, one could conclude that China is on the verge of becoming a global brand powerhouse.
Of the 11 new entrants in the BrandZ Top 100 ranking, five are Chinese. With 12 Chinese brands in the Top 100, the country seems far ahead of …