…idu’s maps and WeChat’s social network was aimed at finally challenging Alibaba’s dominance of China’s online shopping field. However, it took the three heavyweights around eight months to have a website online for testing purposes, and even then the platform had only limited merchandise available, with most listings on the site promoting restaurants at Wang’s Wanda Plaza shopping centres. Even now the platform, which once promised that for consum…
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TPG, KKR-Backed PropertyGuru Seeks to Raise A$380M in Australian IPOÂ
…PO proceeds to explore business opportunities The IPO, which was founded in 2007 by Singapore-based expatriate Steve Melhuish and Jani Rautiainen, expects the retail portion of the offering to commence on 16 October and conclude on 22 October. Final pricing for the IPO is expected to be announced to the market on 24 October, while the company’s shares are expected to start trading on the stock exchange on 1 November. Benefiting from a Boom in Onli…
Tencent-Backed Vipshop Buys Five China Outlet Malls for RMB 2.9B
…s service provider Analysys China, during the three months of this year Alibaba’s Tmall.com dominated the market with 61.8 percent of B2C sales online, followed by JD.com’s 24.3 percent and Suning.com’s 6.7 percent. Vipshop took occupied the fourth position with a market share of 3.6 percent. Vipshop’s gross merchandise volume, which indicates the total sales dollar value for merchandise sold through its platform, has also lagged behind faster gro…
Online Marketing Executive Needed at Mingtiandi
…n about web media in an international environment. Our US-owned company is based on Wireless Road in Bangkok and we are seeking fast-learning candidates who can help deliver campaigns and events for customers including Allianz, HSBC, Deutsche Bank and Goldman Sachs in global financial hubs including Singapore, Hong Kong, Tokyo, Sydney and London. The online marketing executive will be responsible for supporting the company’s marketing team with an…
Mainland Retail Begins Designing for Data: China Mall 2020
…n the country’s e-commerce sector. Since Jack Ma kicked things off with Taobao in 2003, China’s online retail sales have grown to the extent that in 2013 the country surpassed the US to become the world’s largest e-commerce market with sales in excess of US$300 billion annually. However, while some of this success is due to the convenience of shopping online, consumers have also been attracted to e-commerce because of its more efficient, demand-dr…
Ctrip Pushes Out Tujia Founder Luo Jun as CEO of China’s Airbnb
…rship which was announced just one week after Tujia’s launch on December 1, 2011. The online travel service giant took part in almost every round of fund raising for Tujia since then including in 2017 leading a consortium which invested $300 million in the vacation home platform at a $1.5 billion valuation. Developing a Property Management Division A year before the Tujia-Ctrip-Qunar partnership, Tujia’s then four-year old Sweetome division was of…
Real Estate News Round Up for 2010-12-28
…ent revenues with an average value of just over RMB 30 million per year. In 2004, this figure rose to RMB 60 million. In 2009, land transfer fees rose to RMB 1.5 trillion, accounting for 46 percent of municipal revenues on average. However, in some cities and counties, the proportion of government revenue derived from land transfer taxes already surpasses 50 percent and in some cases has gone as high as 80 percent of local government income. From…
IDAA Online
…They let professional folks declare their expertise and state their rates online, and then interested users can contact you for advice. If you think you have some useful stories to tell, then you might try signing up. After responding to the Linkedin.com inquiry I was contacted by some folks from an American investment bank within eight hours time and seem to already be on my way to monetising this Web 2.0 stuff. Now it’s time to get ready for so…
Mingtiandi is Back Online
Hi Folks, We are back online We are back online here at Mingtiandi, and after eight months of site building and eleven months of company constructing, our new site, www.Rightsite.asia is nearly ready. Here’s the latest. Hosting Migration We have been struggling with migrating this blog, our IDAAWorld.org site, and our email to a new host this week. These are supposed to be routine processes, but due to my being something of a techno-dunce, and…
Jack Ma Takes in $5.75 Bil – And Takes on China’s Real Estate Barons
…on China’s unofficial ecommerce day this November 11th, the Chairman of Alibaba Group indicated that the new sales records set by the group’s online shopping sites during the event were only the beginning. And, as his company gears up for a 2014 IPO that some analysts expect to be bigger than Twitter’s, Ma made it clear that China’s real estate market is his next target. Commenting on the day’s revenues, which exceeded the mark set the previous ye…
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