Not even a year after newegg.com went live in California did newegg.com.cn launch in China. A decade each of online retail later, the outcomes couldn’t be more different: newegg.com became the second largest online-only retailer in the US, while their counterpart in China has incurred operating losses since inception.
It should have been a cakewalk: “Many of our senior managers and executives are Chinese, know the language, and have a deep understanding of the culture and business climate,” management confidently wrote in their 2009 IPO prospectus, which has since been shelved…
Public pages are a key feature of SNS. And I previously reported on Sina Weibo’s interest-based pages (e.g., NBA) that also serve as a strong channel for brand content.
Now Sina Weibo is bringing that feature to the masses with Enterprise Edition, that includes verified brand user profiles. Profiles are completely customizable with widgets and even branded eCommerce applications, and closely resemble the public pages on Renren.
Let’s be clear on one thing, China doesn’t kill foreign companies, foreign companies commit suicide in China (Dr. Kevorkian not required). When tech companies enter China, pundits often point to Google, eBay, PayPal, Yahoo and Facebook as examples of failures. They neglect the foreign successes such as Starbucks, KFC, Wal-Mart, Apple, Nike… Okay, you got me, none of these are tech companies but is Groupon’s core business that different from a traditional brand/retailer?
In 2010, New York has welcomed 39 Chinese firms to its NYSE and NASDAQ stock exchanges, surpassing the previous record of 37 in 2007. 2011 could well obliterate all previous records, again. This post reviews the multitude of recent (5) and upcoming (9) Chinese internet IPOs.
The original concept for LA MIU was simple: sexy yet comfortable underwear, inspired from top-brands but designed and manufactured in-house. LA MIU would build its own brand and reach customers nationwide via e-commerce.
