DHGate
A DHGate spokesperson told Techweb:
There has been some adjustment recently, but it is normal structural adjustment, not layoffs. DHGate’s operating costs are not high, and it’s not an economic adjustment. The company is always trying out new spheres [of business], new technology, new methods and practices. For successful programs, we continue and increase investment, but for a few non-ideal programs, we may have to make adjustments.
There’s not much more detail than that at this point, so it’s a bit of a he-said-she-said. We’ll keep an eye on this story and will be sure to update you when the truth of the situation becomes clearer.
[Via Techweb]
How can it be? Some “high nose” VC from china says If you dont have 10 millions registered users, you are a looser. Wow, such a high standard and confidence. So, now this report saying something very “interresting stuff” If this true, how the VC get the 10 millions users for every startUp invested? Everyone will tell u millions users. Why flop?