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Vacation Rental Service Tujia.com Raising from LightSpeed
[Translate] Tujia.com an online vacation rental service in China targeting middle to high-end Chinese travelers has just raised a new round of funding from investors including LightSpeed Venture Partners, CDH Investments, Ctrip and HomeAway, the largest vacation rental in the world. Luo Jun, CEO of Tujia.com, said the funding will be used to expand its...
NetEase to Make Smartphones Pricing under RMB 1,000
[Translate] NetEase reportedly will be marching into the Smartphone market to launch a joint-force smartphone characterized by 4.3 inch display, 1.5 GHz dual-core processor and most importantly Android 4.0 system and a price tag under RMB 1,000. If this turns out to be true, then it’ll make NetEase the sixth Chinese Internet company which shows...
Sina: We’ll Keep on Investing in Weibo
[Translate] Sina’s latest earnings report show that the leading Chinese online portal site’s net revenue increased 6% year over year to US$106.2 million whereas its loss reached US$13.7 million. “Our brand advertising business got off to a relatively slow start in the first quarter due to the softening of macroeconomic conditions in China,” said Charles...
Baidu To Release a New Mobile OS and A New Phone With a Secret Partner
[Translate] Baidu the leading Chinese search engine seems to be determined to enter the smartphone market. The company was said to release a new mobile operating system Baidu Yun next week with a hardware vendor to jointly announce a device based on the OS. Rumors said that the partner is ZTE (a leading Chinese telecom...
Baidu to Launch Cloud-Powered Photo Sharing Service: Baidu Xiangce
[Translate] A new photo sharing service Baidu Xiangce (translates to Baidu Album) was launched secretly by Baidu lately. This is part of the broad strategy of the search giant to expand its business into cloud forefronts. According to Wang Jing, the vice president of its engineering division and head of mobile, “We have a few...
Internet of Things: Not Just a Concept for Fund-Raising
[Translate] [This article is written by our Guest Editor Wenzhe Zhou, Co-founder of Brainpage which is a big-data processing & analysis startup with focus on cloud-based engine for time series data and sensors. Brainpage provides suppliers and developers dealing with time-series data access to an easy-to-use, scalable and flexible database and analysis system for time-series data.] Internet...
Luxury Site Secoo Raising US$ 30M
[Translate] Chinese luxury B2C site Secoo raised a new round of US$ 30 million from investors including VentechCapital(a France-based investment firm), IDGVC Partners, Bertelsmann Asia Investments and CreholChina. Founded in 2008, Secoo is an online consignment store for luxury items. One can either buy directly from its website, or go directly to its brick-and-mortar stores operated...
Internet Community Mop Relocating to Nanning
[Translate] Mop, the Internet community service of NYSE-listed Renren Inc. announced lately that it would move it’s headquarter from Beijing to Nanning, the provincial capital of China’s southern Guangxi province. According to mop, all it’s staff could choose to either a) relocate to Nanning, or b) stay in Beijing and work with Renren.com. This will...
Tencent Embraces Big Data for Marketing, Privacy Concern Still Hovers
Tencent is embracing the big data opportunities and leveraging it to provide marketing solutions for client. However, privacy would still be the primary concern from users’ side.
Rumor: Gameloft Closed Shanghai Branch
[Translate] Insiders of mobile industry hinted that Gameloft‘s Shanghai branch company has been closed, and the company’s other Chinese branch companies would be all affected. Other branch companies seem to start laying off. According to Gameloft’s annual financial report, its performance still mounts steadily. The main reason of the layoff might be the fierce competition...
P2P Lending Industry and a Practioner’s Experiences in Entrepreneurship in China
[Translate] P2P Lending in China I have been fascinated and in love with the concept of P2P (peer-to-peer) lending for over 3 years, including writing numerous business plans, studying various models across different countries, working in what has become the largest and most successful peer-to-peer lending company in the world based in China, to now,...
M & A: Good Solution for China Video Sites, For Now
There is speed, and there is Chinese speed. Everything seems to happen faster in China, and such seems to be the same for online video sites. Only last year, these sites were flushed with cash, and they were paying obscene amount of money for contents. This year, however, has been a different story. Money seems...
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