Law and Innovation

Fresh and interesting article posted on TechCrunch about the Chinese E-commerce market, more precisely how Dalian Wanda Group Corporation Limited ('Wanda Group') just raised one billion RMB in funding. The company was founded in Dalian in 1988 as a residential real estate company by Wang Jianlin and "entered" the E-commerce market in August 2014 as part of a joint venture with Chinese Internet giants, Tencent and Baidu, with the goal of challenging the supremacy of Alibaba. Happy reading!  "China-based Wanda E-commerce, which hopes to position itself as a rival against Alibaba, has  raised one billion RMB  (about $161 million) in funding from investment funds Centec Networks and Xude Rendao. Wanda E-commerce says this quadruples its valuation to 20 billion yuan (about $3 billion). Wanda E-commerce was  founded in August  as a five billion RMB ($814 million) joint venture by mega-conglomerate Wanda and two of China’s biggest Internet ...

Fresh and interesting news from Reuters concerning Jingdong Mall (JD.com), the Chinese electronic commerce company founded in 1998, which filed for a $1.50 billion IPO. Investors are still waiting for Alibaba's IPO filing. "JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said on Thursday it plans to raise up to $1.5 billion in an initial public offering in the United States. JD.com, which said in December it expected to top 100 billion yuan ($16.51 billion) in annual sales for the first time, is riding on China's booming e-commerce industry as internet penetration surges in the world's most populous nation. Business-to-consumer online sales in China are expected to surpass $180 billion this year, according to market research firm eMarketer. JD.com has managed in the past six years to secure $2.23 billion from foreign investors, including the Ontario Teachers' Pension Plan and Saudi billionaire Prince Alwaleed bin T...