China Archives - Page 119 of 123

The National Internet Finance Association of China says Bitcoin becomes tools in criminal activities

In recent years, the so-called virtual currencies, including Bitcoin, Litecoin, and various forms of tokens, have been traded in a centralized manner on several internet platforms. As such trading attracts more participants, related financial and social risks have reached to a level that cannot be ignored. In order to help the public correctly know about […]

Chinese Street Culture in Fashion Brand Business

Abstract: For Chinese fashion brands and young people, it takes more time to develop from business to hip-hop and street culture driven by strong culture. Causeway Bay in Hong Kong, Brooklyn in New York and Harajuku in Tokyo are all local landmarks, birthing fashion brand business worth billions of dollars. In China, there is place […]

Tencent and Alibaba Announces a Music Copyright Cooperation

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent […]

News of Bitcoin ban leads to underselling and bargain-hunting

After the Initial Coin Offering (ICO) was banned, Bitcoin receives another blow. On the evening of September 8th, news came that the supervisory authority decided to shut down the virtual currency trading platforms in China, which involves all the platforms between the virtual currency and legal tender represented by OKCoin, HUOBI and Bitcoin China. As […]

Well-known Quantum Technology Scientist Yaoyun Shi Joined Alibaba

Yaoyun Shi, a world-renowned quantum computing scientist, tenured professor of the University of Michigan and winner of Career Award, National Science Foundation, USA, has officially worked for Alibaba and now serves as the chief quantum technology scientist for Alibaba Cloud Computing Co. Ltd. Shi is another top scientist that works for Alibaba since the company […]

China’s 2017 Future Science Prize announced in Beijing

On September 9, the recipients of Future Science Prize, known as China’s version of Nobel Prize, were announced in Beijing. This is the second session of the conference. Shi Yigong— professor and structural biologist from Tsinghua University, Pan Jianwei—professor and chief scientist for Mozi quantum communications satellite from University of Science and Technology of China, […]

Pony Ma Says Tencent Will Invest Vigorously in Cloud Computing, AI and Big Data

Outline: Anything linked to cloud computing and AI will be involved with big data. The development of these technologies are undoubtedly where the future is headed towards. On September 8th, the Chairman and CEO of Tencent, Pony Ma, delivered a speech at the Tsinghua University Insight Forum. On the topic of the integration of business […]

China has new Internet regulations

The Cyberspace Administration of China (CAC) issued the Regulations on the Administration of Internet Group Information Services, which will be implemented on October 8, 2017. With the rapid development of mobile Internet, the Internet group has facilitated people’s work and life and enhanced the spiritual and cultural exchanges. At the same time, however, some obscene […]

Drone regulations in the “Capital of Drones” Shenzhen wins applause

Local authorities across China began rolling out new drone regulations. Wu Xi, a southeastern city in Jiangsu province and Sichuan already had such regulations. On September 7, Shenzhen’s Legislative Affairs Office followed suit by issuing Management Rules of Small Unmanned Aerial Vehicle(UAV) (Briefly, Shenzhen Guidelines) and solicited opinions from the public. Shenzhen is known to […]

Beijing’s First Unstaffed Coffee Shop Open for Business But Faces Several Challenges

An unstaffed coffee shop named Youhuan Bar (lit. Friends Bar) opened at the University of International Business and Economics. A reporter from Beijing Business Today (BBT) happened upon the coffee shop on the first floor of a building not far from the fields. The shop is about 10 square meters in area, and is equipped […]

Lei Jun says Xiaomi is a retail business and the goal is to be another MUJI

“I believe for most people, the “MI” brand is quite familiar. But few of them know Xiaomi well.” Lei Jun said so in a public speech on August 31. On August 31, at 2017 China Consumption Transformation and Upgrading Summit held by Shanghai International Business Conference, Lei Jun delivered a speech named Enhancing Efficiency is […]

ICO is banned for allegedly illegal financing in China

On September 5, after PBOC (The People’s Bank of China) and six other administrations jointly issued Statements on Guarding against Risks of Initial Coin Offerings, a number of platforms suspended new businesses of ICOs and some even halted token withdrawal services. According to incomplete statistics, up till now, many ICO platforms, including birengou, vdpax.com, 91ICO, […]

Xiaomi sued a supermarket for trademark infringement

With higher and higher brand awareness of MI, increasing products copycat MI brand. Recently, MI’s registered trademark has been unauthorizedly used by a supermarket in Beijing. MI sued it to the court and claimed 100,000 RMB for compensation. MI company claims that all products authorized to use its registered trademarks “Xiaomi” and “MI” (original trademark […]

Meituan CEO says China has a lot to be learned about entrepreneurship and innovation

On the afternoon of September 4th. at the BRICS Summit, Wang Xing, the Meituan CEO, thinks China’s development and management in the field of Internet, especially the Internet+, has more referential significance to other BRICS countries and developing countries than the United States. Wang said that the integration between the Internet and people’s living level […]

KFC supports facial recognition payment in China now

On September 1, Yum China announced it opened launched a new restaurant concept—KPRO in Hangzhou. KPRO, a subsidiary brand of KFC, provides a younger generation with seasonal menus and modern and immersive dining experience through digital technology. “KPRO prepares innovative, made-to-order, seasonal menus for China’s fast-rising white collars. Meanwhile, tech savvy consumers who are keen […]

Tencent Music Plans to Sell 3% Stock and the valuation is $10 billion now

Reported by Bloomberg on September 1. According to the informed resource, Tencent Music Entertainment Group plans to finish a new round of financing before its initial public offering (IPO), a valuation of $10 billion. Tencent Music is held by Tencent holding company. According to insider, Tencent Music plans sell 3% of its share to strategic […]

China removed long-distance call charges and roaming charges

Long-distance call charges and roaming charges are removed today on September 1, 2017. From September 1, the three operators move all domestic long-distance call charges and roaming charges, which is a good move for 2G and part of 3G users. But in the Internet era, social platforms based on data has occupied the market of […]

Rap of China Brings About Marriage Between Culture and Capital

The average seasonal production cost for a network variety show in China is between 20 and 60 million yuan under the current market conditions. By investing 200 million yuan into a music talent show, iQiyi is taking quite a gamble. Why exactly did iQiyi set its eyes on such a non-mainstream reality show? A guitar […]

The Hyperloop Train of China

In the future, it may take only 30 minutes to travel from Beijing to Wuhan by taking the Hyperloop Train developed by CASIC (China Aerospace Science & Industry Corporation). In Wuhan on August 30, on the 3rd China Commercial Aerospace Forum, Shiquan Liu, the vice general manager of CASIC said that CASIC has researched “hyperloop […]

Can Jack Ma win the looming war between Alibaba and Amazon?

Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since […]

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