China BizTech News Weekly Digest – April 28, 2014 April 29, 2014 by Julia Q.Zhu 0 comments 7663 viewson China E-Commerce and Internet News Editing by Su-Jun Lim Affluent Chinese to Reach 14 million BY GLOBAL TIMES Forbes China reported that China’s “mass affluent” population, whose investable assets worth from 600,000 to 6 million yuan, would reach some 14 million by the end of the year. The majority of these affluent Chinese are between ages 30 to 50 from the …
China BizTech News Weekly Digest – April 21, 2014 April 21, 2014 by Julia Q.Zhu 0 comments 611 viewson China E-Commerce and Internet News Editing by Su-Jun Lim Chinese Online Cosmetics Retailer Jumei Files for $400 Million U.S. IPO BY REUTERS Jumei International Holding Ltd, a popular beauty product online retailer, files for $400 million U.S. IPO. The Beijing group is backed by venture capital firm Sequoia Capital and operates Jumei.com, which is among the top 20 most visited e-commerce …
China BizTech News Weekly Digest – April 14, 2014 April 14, 2014 by Julia Q.Zhu 0 comments 637 viewson China E-Commerce and Internet News Editing by Su-Jun Lim Right Brain, Left Brain | Learning from Luxup BY THE BUSINESS OF FASHION Luxup, a British high-end fashion online retailer, has downsized and ceased trading, becoming the latest international venture to fail in China e-commerce market. It offered invitation-only club members exclusive luxury products while traveling. Flawed business model is to be blamed, …
