China Digital
WePin App Hopes To Overcome China’s Reluctance To Carpool
Carpooling is a way of saving commute expenses by sharing rides in a private vehicle. Although carpooling might be relatively foreign in China, WePin aims to address unfamiliarity between carpoolers so that sharing cars will become a common practice in China. So far, its app has already racked up 50,000 app download within just one week of its launch. WePin adds a “WePinYou”, a platform where users can post and share their places of interests in China.
Source: Tech In Asia
China E-Commerce
Groupons Gaopeng Now Has $40M To Buy Its Way Into Top Rank
Having a flurry of troubles, Gaopeng seems to be turning over a new leaf, after completing a new round of financing worth US$40million and also considering buying out the troubled 24Quan. Gaopeng is stepping up quickly, with its sales in September, surpassing RMB 250 million. Although they still lag behind its major rivals DianPing and Meithuan, CEO Lin Ning said “Gaopeng wants to continue its service with a good brand image and let consumers see our significant changes.”
Source: Tech Node
China E-Commerce
DDMap Gets Series D Funding
DDMap, one of the largest Chinese life services website, secures its Series D round of financing from Citi Ventures and Alibaba (China's E-commerce giant). US$40 million from F & H in this April. According to DDMap, DDCoupon, has already exceeded 13 million users. It offers more than 100,000 coupons in different categories that can be used at a wide variety of merchants in nearly 38 cities in China.
Source: Tech Node