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Top China Stories Today
[Translate] VANCL Losing More Than $95M in 2011? VANCL is said to lose more than US$ 95 million in this year while the online apparel site lost an aggregate of over US$ 39 million in the last three years. Lately a rumor broke that the company incurred a heavy loss worth over US$ 317 million....
Alibaba to Launch Open Platform Serving Group Buying Players
[Translate] Alibaba, the Chinese ecommerce giant announced this Wednesday the Open Strategy for its group buying arm Juhuasuan, which just got spun off in this October. In next year, Juhuasuan will be launching an open platform which other industry players could leverage for better traffic and broader audience. Meituan, Gaopeng and Manzuo are among the...
The future of Angry Bird – Hello Kitty: Part II
[Translate] Continue from our last story about Angry Birds and its developer, Rovio. The 52nd game Rovio was started by three students from Helsinki University of Technology (currently Aalto University School of Science and Technology), Niklas Hed, Jarno Väkeväinen, and Kim Dikert. In 2003, they participated in a mobile game development competition at the Assembly...
China Entrepreneurs to Launch, Entrepreneur 101 Series in 2012
[Translate] China Entrepreneurs (CE), is an organization that is built to promote the spirit of entrepreneurship in China. From January 2012, CE will be launching the Entrepreneur 101 training series in across Beijing and Shanghai. The series will focus on the needs of start-up and growth stage companies, providing forums and seminars to help...
Israel, the New Source of Innovation for Chinese Startups?
[Translate] Be honest, I may go to Israel for holiday, but for business? I’ve never thought of that. When I asked a few friends if they were willing to do their startups in Israel, they thought I was joking. For some reason, safety is always the first concern for people including Chinese to consider going...
Jewellery Start-Up, Plukka Smartifies Group Buying
[Translate] Group-buying has been a major buzz word of this year. What originated with Groupon, has erupted into thousands of sites trying to emulate the potentially lucrative business model. It’s come to a point, where it’s a little boring now. But occasionally, some entrepreneurs try to innovate on the group-buying idea and make it ‘cool’...
NetEase Shutting down Online Luxury Service
[Translate] NetEase, the Chinese portal/gaming company announced shutting down its luxury goods online retailing business NetEase Shangpin (网易尚品 l.163.com) by year-end, less than one year after its launch earlier this year. NetEase Shangpin owns six categories including bags, jewelry, apparel, watches, shoes and wines with top-notch luxury brands Hermes, Gucci, Burberry, Swarovski and so forth....
Watch Siri: The Holiday Horror Movie (Trailer)
[Translate] The sensation of Apple iPhone 4S is not really the phone itself, but the feminine voice that lives within it called Siri. Siri allows users to voice control the iPhone to do a plethora of tasks like call people, set alarms, set up meetings, check the weather etc. Inspired by Siri’s talent and bizarre...
Top China Stories Today
[Translate] LeTV.com Expects up to $21M Net Income: Letv.com, the Beijing-based online video service said today expecting between RMB 125 million and 133 million (between US$ 19 million and US$ 21 million) net income for 2011, up between 78% and 90% year over year. The company attributed the rosy outcome to the government’s growing efforts...
Meituan to End 2011 as China’s No.1 Group Buying Site
[Translate] Well it’s nearly the end of 2011 and this year has been a tumultuous year for group buying in China to say the least. This year, the number of group-buying sites reached a ridiculous 6,000+ sites but by the second half of this year, 1,800+ sites evaporated due to intense competition and low margins....
The future of Angry Bird – Hello Kitty: Part I
[Translate] I guess most people have played with the game, Angry Birds. The tremendous popular catapult-puzzle game was developed by a Finland company, called Rovio Entertainment. Since the game was launched iPhone two years ago, it has been one of the most popular app on iPhone. Apart from iPhone, different versions of the game are...
Onebyone: Your Personal Tourist Guide in the Pocket
[Translate] Like some constant travelers may have noticed, as of now many Chinese scenic areas have been equipped with self-service tour guiding gadget, with this babe, you’ll almost never get lost even it’s your first time being somewhere and could get the most out of every trip, thanks to its navigation and vocal guiding features....
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