Fake goods bog down impressive JD.com revenue growth; losses grow

E-commerce players in China are struggling to fight counterfeit goods, so JD.com shut down its C2C marketplace in November China’s second largest e-commerce platform, JD.com, saw an impressive 78 per cent year-on-year sales growth in 2015 — raking*in RMB462.7 billion (US$71.4 billion) over the year. Those numbers helped contribute to a RMB 181.3 billion (US$28...
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Malaysia-based car portal Carsome zips into US$2M Series A

It will use newly-raised capital to fund expansion into new markets, ramp up marketing efforts and hire more talent Malaysia-based automotive portal Carsome announced today that it has raised US$2 million in a Series A round led by existing Malaysian investor IdeaRiverRun with participation from IMJ Investment Partners and another existing investor 500 Startups. It...
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Is Indonesia’s PinkEmma going on stealth mode?

The fashion e-commerce site is currently ‘under renovation’ with promise of a comeback Jakarta-based fashion e-commerce platform PinkEmma announced that the company is currently undergoing several strategic changes to move its business forward. As reported by DailySocial, PinkEmma Co-Founder Winda Rezita confirmed that the startup had closed its office in Jakarta, and is in the...
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Customer engagement app for retailers MoMark raises US$600K pre-Series A

It enables retailers to build customised loyalty programmes, digital couponing and mobile-based promotions, and access analytics on consumer behaviour Noida-based MoMark Services, a mobile app-based customer engagement platform and mobile wallet aggregator, has raised US$600,000 in pre-Series A funding, led by YourNest Angel Fund. Kolkata-based LNB group also participated in this round. The company will...
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This investor wants to create opportunities in digital health for emerging markets

As the healthtech market continues to grow in Southeast Asia, Eddy Lee explains why the sector can make a much larger impact. As global aging populations grows, healthcare will be a major concern in our immediate future and beyond. Integrating and improving our healthcare systems with technology is the goal for Dr. Eddy Lee, Founder...
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3 ways to bounce back from negative app reviews

Here’s how you can turn negative app experiences into positive brand experiences Good reviews are important to any business, but for those with a mobile app, they are paramount. My company Apptentive conducted a survey in July of 362 consumers who use Android and iPhones daily. Our results showed that the difference between two and...
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On-demand legal service Kuaifawu raises US$10M Series B

Need help with your legal documents? Kuaifawu is an on-demand service compares price to market average and tries to offer lower price On-demand legal service platform Kuaifawu announced the completion of a US$10 million Series B on Saturday, led by Shunwei Capital,*a China-focused venture capital fund with Xiaomi CEO Lei Jun as founding partner and...
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