Latest News

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  Ctrip In Talks to Invest in A Hotel App, Economy Hotel Manager

    News broke yesterday that Ctrip was acquiring Economy Hotel Manager. Huo.Li, the parent company of the hotel app, confirmed they were in investment talks with Ctrip later yesterday. The rumored funding is $6 million at a valuation of more than ten million dollars. Huo.Li first launched a hotel...

  • Posted 15 hours ago
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  Blueseed Ready to Charter A Cruise Ship to Accommodate More than 1000 Entrepreneurs

      Blueseed has decided to charter a cruise ship, the MS Island Escape, with a passenger capacity of 1540. It’s 190 meters long and 27 meters wide. Blueseed is a project to accommodate tech startups from outside the U.S. in a ship in international waters 12 miles from the California coast. Thus non-U.S. startups can...

  • Posted 18 hours ago
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  Online Retailor ZALORA Announces US$100 million New Funding

  Rocket Internet-backed online retailer Zalora announced that it just secured a USD100 million round of funding through its German holding company from Summit Partners, Investment AB Kinnevik, Verlinvest and Tengelmann Group. Two months ago the company announced EURO 20 million funding from Tengelmann. The investment will be used to to scale up operations...

  • Posted 1 day ago
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  Qihoo Partners with Alibaba’s Etao on Shopping Search

  Qihoo’s search service launched another vertical search, shopping search, under its So.com. Apparently it partners with Alibaba’s shopping search, Etao.com as its address reads 360.etao.com. All the search results are the same with those shown on Etao.com, unlike other channels of So.com that partner with several content providers and...

  • Posted 1 day ago
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  Hujiang VP on Online Education Monetization in China: Users and Quality Content are Keys

  Founded in 2001, Hujiang is one of the few Chinese e-learning sites that have turned profits. Xu Hua, VP of Hujiang shared his thoughts on the trend of online education in China in a recent interview. (in Chinese) He thinks there are three monetization approaches for online education — the...

  • Posted 2 days ago
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  Alibaba’s Financial Arm Made 1.1 million Loans to Online Retailers in Q1 2013

  In the first quarter of 2013, 25 thousand online retailers on Taobao and Tmall received loans, with an average of 11 thousand yuan per case, from Alifinance, the financial arm under Alibaba Group, according to a report by Alifinance (in Chinese). That totals 1.1 million loans, 50% increase year-over-year, and...

  • Posted 2 days ago
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  Sohu’s Charles Zhang is Back with All the Hype

  It’d been a long while before Sohu drew public attention again. Charles Zhang, founder and CEO of the company, said he became depressed around 2010 and kind of “retreated”. He would expect Sohu Weibo to become a hit if he didn’t left from the frontstage back then, he said...

  • Posted 2 days ago
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  Chinese MIIT Clears Policy on Mobile Virtual Network Operator

  As expected, Chinese Ministry of Industry and Information Technology (MIIT) announced the policy on mobile virtual network operators (MVNO) on May 17. Qualified companies can apply for it by July 1, 2014 and a trial period will end by the end of 2015. A qualified applicant must be a company whose...

  • Posted 3 days ago
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