Tencent Leads $350M Investment In China’s Koudai Gouwu, A Mobile-Focused Rival To Alibaba
October 23, 2014 at 08:13 AM EDT
Alibaba’s record-breaking US IPO may give the impression that the company has the e-commerce market in China sewn up, but there are plenty of fast-growing competitors with an eye on disrupting the top dog. Koudai Gouwu (known as Pocket Shopping in English) is one such company, and it just announced a significant $350 million Series C funding round. Read More