Does China Have a New Largest Video Platform With Merger of Companies Baidu and PPS?
Baidu, a search company based in China, is building its video streaming services and upping its competition with Youku-Tudou, the leader in China’s video market. The purchase of PPS.tv for $370 million today prompted Baidu to make claims that it now offers the biggest video platform in the country. No numbers were released to support this claim and Youku-Tudou challenge the accuracy of it.
The most important question though is whether the purchase of PPS will make Baidu the video market leader? A
Chinese Search Engine, Baidu, Quietly Launches New Daily Deal Site
Baidu, a Chinese internet search engine, has quietly revealed they are launching a new group buying site. Currently, the site is only available in Beijing and offers deals on common categories such as movies, spa offers, food and fitness deals. The company is headquartered in the Baidu Campus in Haidian District, Beijing, People’s Republic of China.
According to Marbridge Consulting:
Payment for group buy deals is currently handled through online banking systems. Baidu has not yet developed partnerships with third-party payment…
China’s Daily Deal Market – Top 10 Sites Claim 90% Revenue Share
Groupon’s success has started a chain reaction of daily deals sites appearing in China. While thousands sprung up a few years ago, many have lost their luster, leaving only a handful of daily deal sites to claim the majority of the market, according to a new report.
Chinese daily deal aggregator Dataotuan, who collects data from 60 different daily deal sites across 243 cities, has compiled estimates for the state of the industry at the end of 2012. According to the company, the top three providers (
Kilar Steps Down As CEO of Hulu
Hulu has announced that the company’s current CEO, Jason Kilar, along with CTO, Rich Tom, will be departing from the online video service the first quarter of 2013. Although the step down has been a buzz for a couple of months, this move questions the future of Hulu altogether.
Kilar emailed a heartfelt goodbye to his fellow employees earlier this week, later posting it on Hulu’s Blog. While describing his love for the company and its team, Kilar did not provide a reason as to…
55Tuan Claims To Be First Profitable Chinese Groupon
Even though 55Tuan is China’s fifth-largest daily deals site, according to 2012’s third quarter data, it’s CEO, Xu Maodong, claimed recently that his company is the first in China to turn a profit, an achievement that will occur for its operations in December.
With China seeing a huge variety of Groupon clones, very few daily deals sites have been successful in the busy Chinese market. As of December 25, Maodong says the company brought in a profit of millions of…
Dialog Acquires 26 percent Share in Sri Lanka’s Anything.lk
Sri Lanka’s largest telecommunications company, Dialog Axiata PLC has purchased 26 percent of one of that country’s leading daily deal providers, Anything.lk for US$1.59 million from venture capital firm, Ardent Capital. The investment is said to value the company at approximately US$6.1 million.
In a press release from Dialog, the company stated that the joint venture will combine the brand properties and business operations of Anything.lk along with the e-commerce business of the Dialog Group including online shopping portal, ibuy.lk and mobile and internet-based…
Running Daily Deals Abroad (Part 2)
Editor’s note: The following is a guest post by Marc Horne. Marc is a co-founder of DailyDealBuilder.com, provider of daily deal software, solutions, and sales training.
I initially wrote about the daily deal industry abroad and have since been traveling in Europe and have taken notice of a few key things about the deal industry…
My first and foremost observation is that when traveling abroad, daily deal sites do not cater to foreigners. Redeeming coupons and vouchers as a local…
Renren Shares Trade at Lows – The Facebook of China Flops
47% topline growth – so what
Shares of Renren (ticker symbol: RENN) sold off to the all-time low on Wednesday and those that follow the company knew it was just a matter of time. The Chinese social version of Facebook posted some quarterly numbers that may have looked good on the outside; however the real picture is considerably bleaker.
It’s true that revenue grew at 47% to $50.4 million and the company posted smaller than expected losses, so then why is RENN in the toilet? The…
Running Daily Deals Abroad
Editor’s note: The following is a guest post by Marc Horne. Marc is a co-founder of DailyDealBuilder.com, provider of daily deal software, solutions, and training.
I am traveling in Paris and Amsterdam for a Workation (part work / part vacation) and one of my objectives is to closely monitor and take note of the workings of daily deals and coupon sites in Europe. We have noticed over the past couple of years that the demand to start a daily deal site in countries outside of the…
Monogram – East Meets West in Mobile Fashion Commerce
In recent years, China’s e-commerce sector has soared across numerous industries. Some of these developments are now rubbing off in the West, where startups are adopting the Chinese model of online marketing.
One of the latest unveilings in this innovative field is the fashion e-catalog Monogram. The iPad-only site crosses Pinterest and Gilt-like features with a distinctly Eastern approach to consumer interaction.
Launched on the back of $1.25 million in venture capital, Monogram is the brainchild of Seattle-born CEO Leo Chen, in partnership…
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