Daily Digital Pulse Of China: QQ Buy, Xipin, Netease Weibo

China E-Commerce

QQ Buy Is Getting Ready For Huge China E-Commerce Promotion

From 24th to 26th of October this week, there will be a major E-Commerce event for QQ Buy. Until the 23rd, they are giving away coupons that amount to a total of 3 billion RMB. 50 retailers on the Chinese E-Commerce platform aim to make respectively 10 million RMB in sales within two days. Tencent, the owner of QQ Buy, anticipates around 20 million people who will buy products on the event.

Source: Tech.QQ

China E-Commerce

Xipin, China's Fab.com In Series A Funding

Xipin, like Fab.com, focuses on stylish and handcrafted unique home decoration items –Like most flash sales e-commerce sites, a lot of products are sold in limited items for a period of only 72 hours. Xipin has managed to secure itself to US$1.59 million in series A funding (nearly RMB 10 million) The Investors has not been disclosed.

Source: Tech in Asia

China Digital

Netease Weibo Hits 260 Million Users

Netease Weibo one of the top Chinese microblogging services has exceeded 260 million registered users. According to Tech in Asia, Netease, known in China for its gaming platform, believes that the boost in numbers is due to its new content channels on Weibo – Growing numbers could just come from people with a Netease account trying it out and not often use it afterwards.

Source: Tech in Asia