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China BizTech News Weekly Digest – May 19, 2014


Editing by Su-Jun Lim

Jumei IPO Captures China’s Fast-Growing Beauty Market
BY INVESTORS
Beijing-based cosmetic company, Jumei is said to thrive as China’s growing younger middle-class consumers who are more brand-conscious and less concerned about prices.

Alibaba’s Big Rivals May Have a Mobile Edge
BY MIT TECHNOLOGY REVIEW
Following Alibaba’s US IPO, its rivals and fellow e-commerce giants in China are following suit and aiming to go public in the US despite China’s huge market.

Luxury Outlets Sprout in China
BY THE WALL STREET JOURNAL
Affluent Chinese consumers continue to seek branded luxury goods at great discounts. International retail companies heed the call with budding outlet malls, which stock off-season items at a discount.

Alibaba Hires Former Treasury as International Comms Head, Accelerating Expansion to Overseas Market
BY TECH NODE
Alibaba has appointed Jim Wilkinson, the former senior PepsiCo executive and Senior Vice President and Head of International Corporate Affairs, for its plan in global expansion following its US IPO.

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