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Didi, Uber competitor eDaijia cuts staff as O2O war takes its toll
For eDaijia, having minimal cash reserves could spell disaster in a market that favors early acquisition tactics UCAR and eDaijia enter strategic partnership in October to cut costs Chinese...
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Online offerings shaping future of China’s consumer credit market
Consumers bypass traditional payment schemes and flock to new fintech solutions More than 60 million payments for purchases on Alibaba’s November 11 Shopping Day were made through Huabei (or Ant Check...
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Apple Pay plans to enter China market come February: WSJ
While China is Apple’s most important market outside of the US, the mobile payment service faces fierce competition from Alibaba and Tencent An agreement between Apple and China’s Big Four state-owned...
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Meet China’s second generation rich kid entrepreneurs
China’s second generation rich have a reputation for extravagance. But how do they see themselves as entrepreneurs? “A rich family’s child has to choose one of three options,” says Fuye Wang Managing...
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Uber banned from China’s most popular social platform over ‘violations’
Uber’s accounts were previously blocked on WeChat from mid-March, reportedly due to policy violations, but later stated as technical glitches Uber is learning a tough lesson about what happens when you...
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Jack Ma, Tencent join forces to make movies
Alibaba has previously teamed up with Paramount pictures to bring US films to mainland China It’s not often that Alibaba CEO Jack Ma teams up with market-rival Tencent, but if anything can bring the...
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Alibaba and Disney launch Mickey Mouse-shaped streaming device
It costs US$125 and will stream Disney and Pixar films, cartoons and games and allow users to book trips to Disneyland and buy merchandise Alibaba Group Holding Ltd and Walt Disney Co have joined...
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China’s diabetes management platform Weitang secures Series B
Led by Yidu Cloud Technology Company Ltd., the value is reported to be in ‘tens of millions’ China’s diabetes management platform Weitang announced on Monday that it has raised ‘tens of millions USD’...
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App Annie continues its conquest of Asia with a cool US$63M
It will use newly raised funds to increase R&D investment, accelerate product innovation and scale business operations globally Leading mobile app data and insights intelligence platform App Annie...
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Meituan-Dianping raises mind-blowing US$3.3B funding
Every now and then, deals like these are a reminder of the sheer size of the Chinese tech scene Three weeks into 2016 and Chinese O2O powerhouse Meituan-Dianping may have already landed the largest...
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Live concert streaming is taking off in China
Live concert streams, free or not, have been generating revenue from advertising and virtual goods sales Image Credit: Austin Prock / Unsplash A flock of Chinese tech companies and music companies have...
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Action! 2016 will be the year China embraces e-sports
This year, revenue from PC, mobile and console games is predicted to reach more than US$26 billion On its recent 14th anniversary, Asian games market research company Niko Partners launched its top...
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Tencent leads US$10M Series A funding in AI startup Diffbot
With a premiere technology, Diffbot says it can help companies replace human labour for data gathering One of China’s most important Internet companies, Tencent, has teamed up with Silicon Valley’s...
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Does Baidu have an IPO in sight?
An acquisition bid from Baidu and iQiyi leadership has fueled speculation the company is ramping up to IPO Baidu Inc., China’s largest search engine, said Friday that they had received a non-binding...
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Why intellectual property is now hot property in China tech
Long known as a hotbed for intellectual property violations, big tech companies are leading the charge for more stringent enforcement The term ‘IP’ has emerged from general obscurity in the Chinese...
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Didi Kuaidi closes in on raising US$1B at US$20B valuation
The deal comes a week after Uber CEO Travis Kalanick said his company is losing over US$1 billion per year to compete in China China’s taxi-hailing company Didi Kuaidi is expected to raise US$1 billion...
View ArticleEven if in China for a week, WeChat is absolutely crucial for business
Andrew Shorr of Grata.co says WeChat is not Twitter or Facebook, content must resonate with user base Analyse Asia is a weekly podcast hosted by Bernard Leong and features guests from across Asia’s...
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Top 3 Chinese tech fails of 2017
While it was a great year for many companies, one tech darling flew too close to the sun The article Top 3 Chinese tech fails of 2017 was written by Masha Borak for TechNode. The year 2017 was great...
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Today’s top tech news, January 15: Alibaba, Microsoft build AI tech that can...
Plus, Rappler gets its license revoked, and Lego partners with Tencent Alibaba, Microsoft AI-models beats humans in reading comprehension test — [The Stanford Question Answering Dataset] Two of the...
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Kickstart Ventures and Tencent jointly invest in Canadian media company Wattpad
This investment is part of Wattpad’s new US$51 million funding round Wattpad, a Canada-based media entertainment company has raised a US$51 million funding round from Philippines’ Kickstart Ventures, a...
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