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Tuesday, 06 October 2015

Amazon of China defies down-round blues after all

Defying blues

The valuation of online shopping site 360buy swelled by 15 pct to $7.6 bln in a year, despite widening losses. VCs continue to pour money into China’s crowded e-commerce space. But as players increasingly compete for market share by discounting, profits look ever more elusive.

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