taozailushangA well-known start-up with venture backing from Alibaba Group Holdings and New Horizon Capital is in the process of liquidation, potentially signaling the beginning of a wave of bankruptcies for venture-backed start-ups in China. Tao.117go.com, a two-year-old online customized travel package platform with founders from Alibaba and Ctrip, hoped to create a 24-hour online convenience […]


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