Mogujie Confirms Series C Funding
China’s top Pinterest clone social commerce site, Mogujie, has secured a major series C funding round. But the startup was tight-lipped about the exact investment amount. Mogujie is up against a large number of similar sites that are aimed at young Chinese female shoppers, including ones from major web companies, like Taobao’s Wantu, or Renren’s Plaza site.
Source: Tech In Asia
eBay Set to Tie-Up with Xiu This Month
eBay, looks set to push into the Chinese market, as they plan to tie-up with the Chinese e-commerce site Xiu.com. Xiu is a long-standing competitor in China’s fierce B2C online shopping sector, where they specialise on luxury brand names. Xiu’s PR Director, has confirmed the cooperation between two companies to various Chinese tech blogs, who told the media to wait until the 12th of November for a full announcement.
Hangzhou to Go Wireless
Hangzhou announced this week that it would launch a new Wifi scheme providing free wireless internet access to all citizens in some public hotspots. There’ll be over 2,000 Wi-Fi hotspots covering public spaces like tourist spots, squares, transportation hubs and public sectors available. The service provider, a Hangzhou based digital media group WASU, reveals that a maximum of 15 users are able to connect at the same time with private 2Mb/s bandwidth limit.
Source: Tech Node