Tencent’s Meituan-Dianping Online Platform Garners USD 4 Billion in Financing

Meituan-Dianping, China’s largest on-demand services provider said on Thursday [19 October 2018] it has raised $4 billion in its latest financing round that values the company at $30 billion. The round was led by Tencent Holdings Ltd, and includes new investor the Priceline Group and other key investors including Sequoia Capital, GIC of Singapore, Canada

China’s JD.com to Establish Joint Ventures in Thailand

China’s second biggest e-commerce company JD.com and Top Thai retailer Central Group will jointly invest $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services respectively, a statement from Central Group said on Friday [15 September 2017]. According to the statement, Central Group will invest $250 million to the ventures, and

Danish Food Products to Be Sold on China’s Kaola.com E-commerce Platform

China-based cross-border e-commerce platform kaola.com signed an agreement on Wednesday [13 September 2017] with Denmark’s supermarket chain Irma to bring Danish brands to the Chinese market through the platform. According to the agreement, Irma, a subsidiary of Coop Denmark A/S, will first sell its own coffee, chocolate, marmalade, personal care products and children’s clothing through

LiNiu Technology Group and Shouguang Agricultural Product Logistic Park Sign Cooperation Agreement

Agricultural trading platform operator LiNiu Technology Group – formerly Iao Kun Group Holding Company – has signed a strategic co-operation agreement with Shou Guang Agriculture Logistics Park, according to a company release. The agricultural company, a subsidiary of agricultural wholesale group Dili Group Holdings, is located in Shougang, China, and operates a market for vegetables

Yigou and ExFresh Look to Expand China’s Cold Chain Delivery Network

Alibaba’s business-to-consumer retail platform Tmall said it will invest an additional US$300 million in online fresh food vendor Yiguo, in a bid to strengthen its online grocery and fresh food business. Tmall is hoping to leverage on Yiguo’s existing cold chain delivery network to achieve nationwide delivery of fresh fruit and vegetables within 24 hours

Inner Mongolian E-commerce Industrial Park Looks to Boost Agricultural Trade

Farmers in North China’s Inner Mongolia autonomous region are connecting with new technology, as well as the land, to sell their produce. Hetao E-commerce Industrial Park in Wuyuan county of Bayannur League has helped them sell their agricultural goods online and increase their incomes…Full Article: China Daily Aug 2017 Key Point Founded in 2015 and