Tencent Leads $350M Investment In China’s Koudai Gouwu, A Mobile-Focused Rival To Alibaba

TechCrunch
By Jon RussellOct 23, 2014, 8:13 am127 pts
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…

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