Sina acquires 19% stake in Mecox Lane

0 CommentsPrint E-mail Shanghai Daily, March 3, 2011
Adjust font size:

Sina Corp said it will acquire 19 percent of Nasdaq-listed online apparel vendor Mecox Lane for US$66 million as the Chinese web portal expands its business into the booming online shopping market.

"E-commerce is growing very fast in China, and this investment is our first step to be involved in the market," Sina President and Chief Executive Officer Charles Chao told an analysts' conference call yesterday.

Sina will name a person to Mecox Lane's board of directors to replace an executive from Sequoia Capital, the venture capital firm for Mecox Lane.

"This (purchase) will help Mecox Lane lower its marketing costs and lure customers from Sina's huge user base, and the involvement of large web portals in e-commerce will be a big trend in future," said Henry Yang, president of iResearch Inc.

China's online shopping market revenue nearly doubled to 498 billion yuan (US$76 billion) last year, according to iResearch's latest report.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 精品在线一区二区三区| 久久精品国产精品国产精品污| 羞羞社区在线观看视频| 国模精品一区二区三区| 三上悠亚在线电影| 日产精品久久久久久久性色| 久久综合九色综合网站| 欧美人与动zozo| 亚洲欧洲日产v特级毛片| 特黄大片又粗又大又暴| 再深点灬舒服灬太大了阅读| 色欧美片视频在线观看| 国产午夜精品一二区理论影院| 99久久99久久久99精品齐| 少妇一晚三次一区二区三区| 亚洲人成在线免费观看| 毛片免费观看网址| 人人澡人人澡人人澡| 草久视频在线观看| 国产大陆亚洲精品国产| 97久人人做人人妻人人玩精品| 无码国产乱人伦偷精品视频| 久久精品国产99国产精品亚洲 | 欧美视频亚洲视频| 亚洲视频在线免费观看| 男人边吃奶边爱边做视频国产| 国产日韩美国成人| 99精品人妻少妇一区二区| 好硬好爽老师再深点| 两个人看的www免费视频| 最近中文字幕完整在线电影| 人人超碰人人爱超碰国产| 精品国产不卡一区二区三区| 和桃子视频入口网址在线观看| 色妞www精品视频观看软件| 国产午夜无码视频免费网站| 麻豆一二三四区乱码| 国产商场真空露出在线观看| 韩国男女无遮挡高清性视频| 国产在线观看麻豆91精品免费| 91手机在线视频|