China Archives - Page 118 of 123

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 […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

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. […]

Chinese Apps Become Popular Overseas

Chinese apps are popular overseas, especially in Russia, America and Japan last quarter. Tool, photography and video apps are the most popular ones. In Russia, the top 250 apps in the two largest stores—— App Store and Google Play enjoy over 222 million downloads, among which about 17.88 million comes from Chinese apps, with a […]

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 […]

Tencent is Setting Up Advertising Division in Silicon Valley

Outline: WeChat is expanding into the U.S. market. Tencent will offer advertising services to American brands that want access to Chinese consumers. Tencent is setting up an advertising division in Palo Alto, CA., aiming to promote its services to U.S. enterprises. “Advertisers can spend some budget in gaining brand awareness in China,” said Yang Baoshu, […]

“Shared Girlfriends” are NOT part of the Sharing Economy

A few days ago Taqu launched a “shared girlfriends” project that attracted lots of attention, but was eventually fined and forced into suspension. Although we are in fact witnessing the dawn of the sharing economy era, it doesn’t mean that the concept applies to everything. Many are jumping on the bandwagon and slapping on the […]

Apple will build the second data center in China

Apple will build the second data center in China, located in Ulanchap, Inner Mongolia. The new data center has been named as iCloud Northern Data Center. As the host, Bu Xiaolin, Deputy Director and Chairman of Inner Mongolia Autonomous Region met with Isabel Ge Mahe (Ge Yue), Apple’s Vice President and Managing Director of Greater […]

Mobike Just Landed Washington, D.C.

On September 20, Mobike made its way to Washington, D.C., officially landing on the North American market. It also marks that Mobike featured Chinese creativity has entered the eighth country, which is a milestone in Mobike’s international expansion and leads Chinese innovation sail abroad. Washington D.C. welcomes the arrival of Mobike. The two sides worked […]

Tencent Strategically Invested Chinese Broker CICC

On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The […]

China removes the ban on portable electronic devices onboard

Civil Aviation Administration of China (CAAC) will allow using specified PEDs (portable electronic devices) onboard. On September 18, in the routine press conference of CAAC, Zhu Tao, the vice leader of the Flight Standards Department, said that the Ministry of Transport recently passed the fifth amendment of the Approval Rules on Operation Qualification of Large […]

Miss Fresh Completed $230 Million Financing, focusing on the “Cloud Refrigerator” Strategy

Introduction: From IYIOU.com on September 20. Miss Fresh(每日优鲜), an e-commerce fresh product company, announced that it had completed $230 million dollars C+ round financing in March this year, with Tiger Global and Genesis Capital as leading investors and Time Capital as joint investor. This round of financing is mainly used for the expansion of storehouses […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

Apple’s core chip tech is in the hands of an 86-year-old Chinese

Apple unveiled the new iPhone X at the Steve Jobs Theater at 1am on September 13. When it comes to Apple, the vast majority only know new products, Jobs, but few know that Apple’s “core chip” technology is in the hands of an 86-year-old Chinese American. On Apple’s website, the iPhone X introduced its processor […]

“Shared Girlfriends” are now Available in China

With the buzzword “Sharing Economy” spreading like wildfire recently, some folks online started joking about having sharable girlfriends next. Taqu (Touch), a popular Chinese adult product m-commerce and socializing app that just went listed on NEEQ (National Equities Exchange and Quotations), recently launched a service for delivering “shared girlfriends”. However, the service isn’t delivering actual […]

Weibo will livestream League of Legends 2017 Global Finals

On September 13, Weibo announced that it became the official strategic cooperation partner of the League of Legends in China. Weibo will broadcast live coverage of the 2017 League of Legends world finals, which will be held from September 23 to November 4. At present, eight platforms will live broadcast 2017 League of Legends global […]

Beijing Tobacco Control Association Applauded Weibo’s Withdrawal of Smoking Emoji

Weibo withdrew the emoji that represents “cool” from the emoji stickers of its international version, indicating the phase-out of “smoking emoji” from Weibo’s mobile client and PC client. Beijing Tobacco Control Association (BTCA) applauded this act and urged Tencent to follow suit as soon as possible. “Ku” originated from “cool” of foreign culture, meaning “awesome, […]

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