E-commerce start-ups are China’s ‘investment magnets’

1/27/2016 3:46:00 PM

Investors keep pouring money in China’s online & tech sector. In the first half of 2015, investments in Chinese internet added up to $6.6 billion, five times the amount of the same period in 2013 ($1.3 billion).

Quartz reports about the investments and wonders if this is another bubble. It quotes PricewaterhouseCoopers that from all internet sectors (e-commerce, online education, social media, internet marketing, internet services, internet finance, and online entertainment) most money was invested in Chinese e-commerce start-ups.

One of the strongest ‘investments magnets’ is Ele.me, a food-delivery start-up. This company is said to have raised $630 million last August, after raising over $350 million at the start of 2015.

Further reading on qz.com

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