VANCL Filing Prospectus Aiming for Q4 IPO
Chinese online-only apparel site VANCL is reportedly filing its IPO prospectus in next month in an aim to raise between $750 million and US$1 billion in a U.S. IPO. The deal, which is targeted for the fourth quarter of this year, could be the largest initial public offering from China in the U.S. this year....
Renren Snags up 56.com for $ 80M in Cash
Renren Inc., one of the largest real-name social networking services in China that listed in NYSE (RENN) couple months ago announced buying video site 56.com for $ 80 million in cash. After the acquisition, which is expected to be completed in the fourth quarter of 2011, 56.com will become a wholly-owned subsidiary of Renren. Founded...
Oladao Makes Learning Fun and Easy for Kids
In China, education is at the core of a child’s life. Parents place immense pressure on kids to go to the best pre-school, primary school, high school and university in the hope of securing a stable and lucrative future. For very young children, rigorous studying is required, yet not natural. But playing is. That’s why...
Groupon.cn Lays off More Than 50% of its Employees
Don’t be confused. I’m not talking about Gaopeng, Groupon.com’s operation in China, but the copy cat who cannivingly registered the Groupon.cn name to piggy-back of the brand of the original company. As suspected, the unsustainable group-buying business model with very thin profit margin of 4% in China, coupled with fierce competition has wounded Groupon.cn badly....
Creator of Fruit Ninja to Talk about How to Turn Your Game into a Global Sensation
With significant downloads and great popularity amongst global audience, Fruit Ninja has been a longstanding forerunner in the fiercely competitive mobile gaming market. As we mentioned couple days ago, the blockbuster is teaming up with China Mobile in an aim to dive deeper into China with a Chinese market tailored version featuring localized characteristics to...
Alibaba Spins Off Domain Seller HiChina For IPO
Alibaba, the giant B2B marketplace is planning to spin off HiChina, its domain-name and hosting service subsidiary for a potential IPO in the U.S. The Hangzhou based ecommerce company has submitted its proposal to the Hong Kong stock exchange today. Back in 2009 Alibaba invested $79 million in HiChina for 85% of the company, a...
TechNode Now Searchable on Pulse, A Cool Digital Magazine
Recently we announced TechNode was featured on Flipboard, a popular social magazine on iPad. Today we can confirm we are now searchable on Pulse; a similar digital magazine. Pulse takes all your favourite websites and turns them into an attractive mosaic, giving you a clean and structured way to read content. It is currently available...
B2B Marketplace DHGate Sheds Employees With Uncertainty In Raising New Round?
DHGate.com, a wholesale trading platform targeting small and medium sized-companies is rumored to shed 50% of employees across the board. A former DHGate staff leaked out the news, saying headcount of the B2C site would down to no more than 400 from about 1000 after the stealth downsizing. The tipster also disclosed that DHGate is...
![[Research] The Digital Competence of 100 Iconic Brands in China](https://swap.stanford.edu/was/20100322163935im_/http://technode.com/wp-content/uploads/2011/09/china-IQ-290x235.png "[Research] The Digital Competence of 100 Iconic Brands in China")
[Research] The Digital Competence of 100 Iconic Brands in China
Over the next 15 years, the global addressable market for luxury goods is expected to grow by 600 million consumers, provoking growth forecasts of 2.2 times GDP. Much of this growth is projected to come from one market: China. In 2000, the Chinese market accounted for a fraction of luxury sales globally, however torrid growth...
Quantity or Quality? What is More Important for a Group Buying Site
When we compare between different companies, one of the most important parameter we use is their sales volume. Given the same type of business, the more one can sell, the more successful one is. And we believe that should be true for the group buying sites as well. However, when I talked with a senior...
US Start-up, Bizness Apps Empowers Small Businesses to Create Mobile Apps
I just wrote a story about Qmobao, a start-up that aims to give anyone, especially entertainers, the ability to create their own mobile apps. To lower the barrier of entry for small businesses in America in a similar way, Bizness Apps allows small businesses like hairdressers, restaurants, café’s, gyms or real estate agents to create...
Qmobao Makes it Easy to Create Your Own Mobile App
These days there is a mobile app for everything. Now with our mobile phone’s becoming an extension of ourselves and indispensible part of our lives, why not have a mobile app for anyone? That’s why Mobile Roadie was created. Mobile Roadie is a do-it-yourself web service that allows anyone to create their own mobile app...
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