Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia
alibabaalibaba groupAsiaBreaking NewsChinae-commerceeCommerceeconomyEuropeFundings & ExitsGermanyGooglegrabJDJD.comonline storesretailretail storesSoftwareSoutheast AsiaTencentUberUnited StatesWalmartWeChatYihaodian August 9, 2018 0
Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba’s most serious rival, JD scooped up Walmart’s Yihaodian business and offered its own online retail platform to help enable Walmart... Read more
Circle takes $60M to grow its social payments biz globally, as it steps into China
alipayAsiaBreaking NewsChinaCircleEuropeFinanceFundings & ExitsJeremy AllaireSocialsocial paymentsTCWeChat Pay June 23, 2016 0
How do you compete with China’s homegrown social payments giants? Veteran entrepreneur Jeremy Allaire, co-founder of US based social payments app Circle, reckons you don’t; not like for like in the domestic Chinese market. Which is really the sensible view, given that WeChat Pay was already seeing some $50 billion in monthly transaction volume... Read more