China Archives - Page 117 of 123

Baidu Plans to Mass Produce Self-driving Vehicles with BAIC by 2021

At the night of October 13, it is reported that during the day the agreement singing ceremony for Baidu and BAIC Group was held in Beijing Vehicles Industry R&D Base, where both parties agreed to cooperate in self-driving, Internet of Vehicles, and cloud computing service and build “AI Plus Vehicles” ecosystem. On the ceremony, both […]

Only 20% Stores Operate Digital Products and Some Even Sell Tofu in China’s Computer Mall

Once upon a time, Guangbutun Computer Mall was famous across China. There was even a saying in the industry that in the north, there is Zhongguancun Village in Beijing and in the south, there is Guangbutun in Wuhan (the capital of Hubei Province). In the past, as school year began in September, in September and […]

Tencent Starts Internet Insurance Business

According to the official website of the China Insurance Regulatory Commission (CIRC), Weimin Insurance Agency was approved to operate insurance agency business. 57.8% of its share is held by Tencent. The businesses that CIRC approves Weimin Insurance Agency to operate are agents selling insurance products, charging insurance premium, the loss survey and claims related insurance […]

Cheng Wei Says Didi Has Only Achieved 1% of The Mission

Cheng Wei, the founder, chairman and CEO of Didi, was invited to speak at Tsinghua University yesterday evening. When sharing his experience of starting up business with college students born in 1990s and 2000s, Cheng Wei said, we possibly were at the best time now since the millennium. With technology explosion and industrial revolution, young […]

DJI Released Zenmuse X7 Pan/Tilt Head Camera for 16,999 Yuan

On October 12 DJI today announced to release new S35 camera called Zenmuse X7, which is a compact S35 camera for filming with a built-in pan/tilt head. The camera can perfectly suit Inspire 2 with excellent quality, new DL lens mount and lens group as well as new DJI color filming system. According to the […]

Personal Information Trading is Unchecked in China

In June, Wuhan police cracked down a case of selling personal information. They intercepted and captured more than 26 million pieces personal information. On October 7, reporters learned from Wuhan Public Security Bureau that the case had some new progresses. After four months detection, the police recently destroyed five telecom fraud gangs, detaining 58 people […]

Alipay Launched Credit Rent

On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]

Ele.me Delivery Robot Completed Takeout Delivery for the First Time

At 10 a.m on October 9, Wanxiaoe(万小饿), China’s first intelligent take-out robot created by ele.me logistics team, appeared in the Hongqiao Vanke center in Shanghai for the first time. From today, it will accomplish the “last mile” delivery in the office building through its smart delivery service. Wanxiaoe has three layers of incubator with large […]

Didi’s Challenges

Didi Chuxing is the largest unicorn company in China valued at 50 billion USD. Over the past three years, not only did the company’s valuation grow in double digits, its investors also witnessed the highest rate of return ever of over ten thousand folds. However, despite the rapid expansion growth Didi is experiencing, the company […]

Xiaomi’s Products Won the Good Design Best 100

The Good Design Award judging panel announced that Mijia electric scooter won the Good Design Best 100 Award, which is one of the most valuable prizes of Good Design Award. Earlier this year, this scooter won Reddot Award 2017 Best of Best. Besides, Mijia LED intelligent lamp won iF Product Design Award and MIX won […]

The “Lazy Economy” Causes Small Home Appliances Prevail in China

Since following the trend and buying a popular portable juicer online, Yu Jing thinks her breakfast has improved a lot, “Each morning, I could make banana milk within seconds and it only takes simple operation. The taste is much fresher than imported Korean banana milk and the juice has no additives. Before, I only have […]

Quantum Communication Becomes China’s Cutting-Edge Technology

Quantum communication refers to a new type of communication mode using quantum entanglement to encrypt and transmit information, which is also known as the most secure communicating type. Both Europe and the U.S. are now actively developing quantum communication systems, but China has the fastest advancement. From the initial wire-tapping to password-stealing software and later […]

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 […]

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 […]

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 […]

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 […]

Writing Software Floods the China’s Internet

Yesterday, People’s Daily reported that plagiarism prevails in online novels and that a writer who suspected of plagiarism was found to have used material in writing software. According investigation, there are numerous stores selling writing software in Taobao. And many software storekeepers say that such software is used to assist novel writing but mainly, the […]

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 […]

China will release favorable policy for foreign new energy vehicles

Once the policy is released, Tesla will be on an equal footing with the start-up car companies. On April 22, 2014, Tesla CEO Elon Musk personally delivered the first Model S cars in China to Yu Yongfu, the chairman of Alibaba Entertainment; Li Xiang, the CEO of CHJ Automotive(车和家); Chinese famous host Wang Han and […]

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