Industry Archives - Page 316 of 320

Will more franchisees join the new BingoBox?

In August 2016, the first BingoBox was equipped in Guangzhou. After one year, Chen Zilin, founder of the BingoBox held a event to “celebrate its birthday”. Chen took this opportunity to invite investors, partners and franchisees to Beijng, showed the fruits they made in last year and their future plans. New version launched 158 stores […]

Shenzhen will Pilot Smart Bike Dock Lock for Shared Bikes

The reporter learns from Shenzhen Road Management Center that Shenzhen plans pilot smart dock lock of shared bikes. When residents return bikes in demonstration region, lock pile could read label and automatically lock bikes. The demonstration site, located in Yuehai Sub-district, Nanshan District in Shenzhen, will set up 30 parking areas, 2000 lock piles and […]

Chinese Tourists Purchase a Lot with Alipay and 70 Japanese Banks have Decided to Fight Back

Today, China’s National Day golden week has become a global golden week. Data estimate that more than six million Chinese travel overseas during this year’s National Day holiday. With the steps of Chinese tourists, many foreign merchants have started to use China’s advanced mobile payment methods. If there is no Alipay or WeChat payment, the […]

Baidu Established the Second R&D Center in Silicon Valley

On October 4 morning, Baidu set up its second R&D center in Silicon Valley. Currently, the R&D center has been put into use. The goal is to recruit more talents in the field of AI and automatic driving. The R&D centre, located in Sunnyvale, covers an area of 36,000 square feet. At present, the Intelligent […]

OnePlus May Launch the New Flagship in Early 2018

The “flagship killer” — OnePlus 5 launched this year by OnePlus is quite controversial and after its release, there has been few news about it. From the parameters, OnePlus 5 is not inferior to the Galaxy Note 8, LG V30, iPhone 8, iPhone X, and Pixel 2 which was on market later. But recently, there […]

TSMC Chairman Morris Chang Announced He will Retire Next Year

TSMC (Taiwan Semiconductor Manufacturing Company) issued a press release that Morris Chang, the chairman and founder of the company, would retire in June next year. At that time, the world’s largest chip foundry company will practice a dual-head system with Dr. Mark Liu as chairman and Dr. CC Wei as the president. Breaking tradition, Chang […]

Landlord Leased Wedding House in Mayi.com but All Was Stolen by Habitual Theif

On the theft case a Hangzhou landlord encountered which was reported by media, Mayi.com said in a statement that, in July, after receiving the landlord feedback, it set up a working group on track. At present, the case is still under investigation and Mayi.com will continue to cooperate with public security for investigation. Some media […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

More details about Alibaba’s investment in Cainiao

On September 25, in a bid to further fuel the progress of its “new retail” strategy, Alibaba announced that it intends to raise its stake in its affiliate—Cainiao Network and pledged 100 billion yuan investment in next five years to the logistics arm that had already received tens of billions yuan to expedite leading global […]

A Chinese Startup Argued Alibaba’s Taobao Plagiarized

On September 29, a netizen called Wu Liang released an article titled In Today’s Version of Alibaba Baba and Forty Thieves, Alibaba itself is Forty Thieves on Zhihu, claiming “Alibaba unexpectedly took our technical proposal in the name of the cooperation and completely copied our app.” According to ‘Wu Liang’, the “smart skin quality measurement”（智能测肤） […]

The Chinese hackers made $3000 by hacking into shared bike accounts

On September 25th, the Shenzhen City Procuratorate arrested two suspects—Yang and Wu—on the suspicion of using third-party software to modify personal accounts on shared bicycles and over 20,000 RMB (around $3000) from 34 different users. It is noticed that shared bicycle companies always launched a variety of promotions and gave out red pockets to users. […]

JD’s driverless trucks made their debut

On September 28, JD showed its latest products—driverless trucks. It is reported that this was the first time that Chinese E-commerce as well as logistics industries launched intelligent truck products, which were tested in the fixed road designated by the transport department. It is understood that JD’s two trucks, the new energy driverless truck EV80 […]

Shared Phone Charger Startups Closed Down One after Another

Shared phone chargers have attracted attention from the market, especially after Leo Chen, CEO of Jvyoumei（聚美优品）, invested 300 million yuan into AnkerBox (Anker街电), an enterprise that produces shared phone chargers. Also, “National Husband”—billionaire investor Wang Sicong’s bold statement that he would eat shit if shared phone chargers can succeed made this industry known to more […]

Alibaba Increased its Holdings in Cainiao Network

Alibaba group announced today that in order to further promote the new retail strategy, it will increase holdings of Cainiao Network. Apart from tens of billions CNY it has invested, over the next five years, Alibaba will continue to invest 100 billion yuan in Cainiao, so as to accelerate the construction of logistics network and […]

Baidu Established Rumor-Refuting Platform

Users are likely to see some information will be marked as “rumor” when searching in Baidu searching engine. Today, Baidu officially launched its rumor-dispelling platform（百度辟谣平台） and hosted the launching ceremony with the national network police. 372 Net police law enforcement accounts from all over China will release information about the rumors on the platform and […]

Alibaba Released a New Brand AliOS Entering Automotive and IoT Field

Alibaba Group announced the upgrading of its operating system strategy and launched a brand new AliOS whose slogan is to drive everything smart. The new Alibaba operating system will continue to increase its investment in the IoT field and IoT operating systems in automotive, IoT terminals, IoT chips and industrial areas. On September 27, Alibaba […]

Mobike Reached Strategic Partnership with Shouqi Limousine & Chauffeur

One account can be used in both Mobike and Shouqi Limousine &Chauffeur and which do you prefer, this combination or Didi +ofo? Today, Mobike announced its cooperation with Shouqi（首汽约车）. They will cooperate in APP docking, service connectivity, user synergizing, brand marketing and technology R&D. If users upgrade to latest version of Mobike APP, they can […]

Didi made a strategic investment to Renren Car

On September 25th in 2017, China’s leading second-hand car dealer Renren Car announced a new round of financing of $200 million to support its rapid expansion strategy. The strategic investor is the world’s leading travel platform Didi Chuxing. The two sides will also have all-round in-depth cooperation around the auto-industry, jointly build a new trading […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba’s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

ofo Investor Says it is Profitable Only When Mobike Merges with ofo

On the Third Fudan Chief Economist Forum in Shanghai, when talking about sharing bicycle development, Allen Zhu, the managing director of GSR Venture and investor of ofo, said that Mobike and ofo accounted for 95% of the total market share, but they still would spend more fund in operation. Profitability is possible only when the […]

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