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The Richest Man in China Now Is No Longer Jack Ma

Just recently, Pony Ma surpassed Jack Ma as being China’s richest man! According to Forbes recently updated real-time rankings statistics, Pony Ma’s personal net assets have reached 36.9 billion USD, ranking him 18th in Forbes listing of the richest people in the world. For the first time, he has surpassed the founder of Alibaba, Jack […]

Chinese Government Praises JD Logistics and Rookie Logistics for their Contribution to Trade Efficiency

According to the official website of the Ministry of Commerce, in its recently released The 2016 Retrospect and Prospect of China’s Domestic Trade Development, MOFCOM praises JD Logistics, Rookie Logistics and a number of other modern logistics enterprises as they adopt informationized and intelligent means, innovate cooperation modes and constantly improve the efficiency of logistics […]

Freestylers on Rap of China Go Viral

Rap Battles! Young folks showing others how it’s done If you’re looking for how freestyling is done, your best bet is by watching the TV series, the Rap of China. The iQiyi produced network variety show not only went viral on WeChat and Weibo, it even became the new hot topic among those in the […]

Apple’s Peripheral Services Set a New Record in China

On August 2nd, Apple released its Q3 quarterly data, among which, the growth of peripheral services is worth more attention. In Apple’s Q3 data, the revenues of greater China region were $8.004 billion, down by 10 percent of that of $8.848 billion than the same period last year, which stemmed mainly from Apple’s declining sales […]

The Tmall “Auto Vending Machine” Is Expected to Be Launched This Year

Within about 20 minutes, Devin had placed an order on Tmall and purchased a new car by using the “auto vending machine.” Because his Sesame credit is higher than 750, the credit approval process takes merely a few seconds to complete, can begin making the downpayment for 10%, and the new car can be driven […]

Xiaomi Mobile’s Shipment Increased by 58%, Re-entering Global Top Five

For a long time, in IDC, Gartner, Strategy Analytics and other rankings of global mobile phone shipments, Xiaomi didn’t rank top five. Looking through the previous information, you can see the last time Xiaomi entered the global top five was in Q2 last year. According to Gartner, at that time, Xiaomi had 15.53 million shipments, […]

Chinese tech giants’ future battlefield: Conquering the 2D world

Recently, ACG（”Anime, Comic and Games”）has been so hot, it’s like the weather in Shanghai. Last month, Baidu hosted a 2017 2DMAX Baidu forums event; Tencent’s comic convention QQ JOY was held in Chengdu; BiliBili (a Chinese online video streaming website) sold over 100 thousand tickets for an offline concert. The annual event “China Joy” has just concluded […]

The Rise, Fall, and Future of Chinese Money in Silicon Valley

When China’s uber-rich zero in on an asset class—be it Los Angeles mansions, French vineyards, or European soccer players—they can quickly drown it in cash. But Beijing can take the punchbowl away just as quickly, as Silicon Valley discovered late last year when China’s central government tightened controls over capital leaving the country. That move […]

Will unstaffed convenience stores bring about the revival of offline retail stores?

The new business of opening up unstaffed convenience stores was suddenly a hot topic recently. Startup companies flocked to the idea; industrial big names and business giants are also gearing up, eager to take a shot at the business. In December of 2016, following Amazon’s opening of its first self-driving grocery store in Seattle—Amazon Go, […]

Cashless society will never appear in China, but a new era has come

It is reported that according to some analysts, China, the first country that used paper banknote in the history, now with the surge in mobile payments, may become the first country that stops using cash. While two years ago, it was Denmark that was predicted to be the cashless country. So, will China be “the […]

Southeast Asia becomes Alibaba and Tencent’s new battle field

Two global technological forces are disrupting the peaceful ecological environment in Southeast Asia. They’re not Silicon Valley technological companies like Google or Facebook. They are the two Chinese giants Tencent and Alibaba. The two companies provide the strongest financial support and the most successful business experience for venture capital firms in Southeast Asia. More and […]

Flipboard China Rebrands, Looks To Lead Online News Market

Online channels have long since dominated news distribution. Despite the number of platforms available to us today, the general reading experience has shown little net improvement since going digital, as we now battle with poor quality news boosted by shoddy algorithms, and information overload through social media sharing. Zhao Jing, Flipboard’s China lead, is looking […]

Mobike Announces Its Entry into Italy

On July 25, Mobike announced its arrival in Italy, the first Mobike bicycles to move into Florence and Milan. Italy is the 4th overseas country that Mobike has entered after Singapore, Britain and Japan. The mayor of Fiorence, Dario Nardella, and mayor of Milan, Beppe Sala, both welcomed Mobike to their cities. It is reported […]

The Class Divide of Video Streaming in China: Village Cowboys VS. Urban Celebrities

In China, the tech world is rife with rivals. For bike sharing, there’s Mobike and ofo. For ride-hailing, there’s Didi and Uber (and we know how that turned out). And for vlogging and short videos, there’s Miaopai and Kwai. Much like Vine and Twitter, Miaopai shares a close relationship with Sina Weibo and can be […]

Is shared sleeping capsules a good business in China?

Sharing economies are becoming more and more daring and imaginative in China. Besides the already existing shared bicycles, basketballs, umbrellas, portable batteries, you can even “share” bedrooms now. Lately, the concept of “shared sleeping capsules” have emerged in Beijing, Shanghai, Chengdu and other cities. Beijing-based Xiangshui (means shared sleeping) Space is a self-service resting pod […]

Ant Financial Is Going to Release A Malaysian Version of Alipay

On July 24, Ant Financial announced the signing of an agreement with Touch’n Go (TNG), a company directly affiliated with the CIMB Bank. A joint venture company will be formed to provide electronic wallet solutions and other related financial services for local users. In the future, Malaysian people will be able to easily use their […]

Passengers Can Now Order Takeout While Taking the Chinese High Speed Rail with Alipay Integration

According to recent news, starting July 17th, passengers taking the G and D EMU (electric multiple unit ) trains will be able to make meal orders through the 12306（China Railway Corporation’s official website) and its mobile app. After completing an order on the app, the on-train staff will deliver the meal to the designated passenger compartments […]

“Copy to China” Companies that Just Aren’t Fitting In Well

Let’s rewind back to the first 20 years of Internet development in China and talk about its business model. What everyone did back then was “Copy to China”. We essentially brought successful business models from Europe and US to China. For example: Sohu copied Yahoo Tencent copied ICQ Baidu copied Google Taobao copied eBay Meituan […]

China’s Bike-Sharing Business Meets Mixed Response Abroad

It only took two years for colorful rental bikes to dominate the landscape of China’s prosperous cities. Across the country, users have built a habit of finding a bike, scanning its code, riding off and locking up. The simple process has made rental bikes a key ingredient in solving the problem of “the last mile.” […]

Robot delivery a reality for the future

The future will be an era of robot deliveries and it will be unnecessary for couriers to work no matter rain or shine, according to Richard Liu, founder and CEO of JD.com Group. JD.com and Lenovo on July 20 announced a big data strategic collaboration, but did not disclose any details at the Lenovo Global […]

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