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China BizTech News Weekly Digest – April 21, 2014 | Observer Intelligence
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China BizTech News Weekly Digest – April 21, 2014


 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 websites in China.

 

‘Showrooming’ Hits Luxury Fashion

BY THE WALL STREET JOURNAL

Luxury-goods industry was a latecomer to online trading for fear of the lack of in-store experience for consumers. However, luxury consumers appear to buy online just as much due to the convenience and ability to compare the prices, resulting in “showrooming” in luxury fashion industry.

Smartphones and Social Media Power China’s E-Shopping Revolution

BY BLOOMBERG

In China as well as other developing countries, many who never owned computers now have smartphones and therefore revolutionize how consumers make purchases.

 

 

Manchester Boosted by Chinese Shoppers

BY FASHIONUNITED

Chinese shoppers are the biggest spenders among all foreign travellers in Manchester, accounting for 50% total international spending in the city and 29% hike on tax-free shopping in 2013 from the previous year.

 

Amazon Introduces Dash Device for Adding to Online Shopping List

BY BUSINESSWEEK

Amazon is “dashing” into new ways of shopping, offering a new device for shoppers to add items to Amazon Fresh shopping cart by scanning or just uttering the desired items. Dash was unveiled just days after Fire TV was introduced.

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