Archives by Month:
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
Tencent, Baidu and Alibaba Compete in Investing
[Translate] In May, Tencent invested RMB 84.4 million (US$ 13.1m) in online travel service eLong and RMB 445 million (US$ 69.1m) in film production Huayi Brothers. As for June, Baidu invested RMB 306 million (US$ 47.6m) in another travel services aggregator Qunar. And in July, Alibaba Group led the US$ 50 million funding for group...
Alipay Will Go Public, within Ten Years
[Translate] According to the deal Alibaba reached with Yahoo and Softbank on July 29, Alibaba will receive a sum of between US$2 billion and $6 billion for an IPO of Alipay or any other type of Alipay liquidation, which means Yahoo could secure an amount of between US$860 million and 2.58 billion, and Softbank will...
Innovation Works Recruiting New Projects
[Translate] Innovation Works’ incubation program Jump-Start is accepting new application for its third cycle now. Launched in last September, the project had accepted 7 start-ups for the first cycle while 4 of which have been funded, including Weipai, a micro-video app on both iOS and Android platform, Meishidaren(means gourmet in Chinese, see our previous report),...
Tencent to buy 15.68% of Kingsoft
[Translate] Tencent agreed to buy a 15.68 percent stake in Kingsoft Corp for HK$ 892 million（US$ 115m）and invest US$ 20 million in the Kingsoft’s internet security Subsidiary. Tencent will buy 111.5 million shares from Mr. Qiu Bojun, chairman and Chief Executive Officer of Kingsoft, and buy another 66.9 million shares from Mr. Zhang Xuanlong, a...
Alibaba, Tencent to Release Smart Phone
[Translate] Alibaba Group is reportedly planning to release its own mobile phone in the third quarter. And it’s not the only internet service provider which is interested in smart phone market. Last month, rumors say Baidu will release an Android-based Mobile OS called Qiushi(which means fruits in autumn) by the end of this year. It...
Xiaomi Tech to Release Mobile Phone
[Translate] There have been rumors recently that Xiaomi Tech will officially release a customized Android UI called MIUI in late July and an MIUI mobile phone in September. Founded in April 2010, Xiaomi official website claims to “focus on the iPhone, Android and other next-generation smart phone software development and trends of mobile Internet business...
Youku’s Focus in The Next 5 Years
[Translate] Youku CEO Gu Yongqiang blogged his video platform’s focus in the next five years recently——continuously improve user experience, enhance brand awareness and cooperate with television networks and film studios to achieve win-win situation. Here is what Gu wrote on his blog: We are preparing for the next five years with huge platform traffic, large...
Tencent Announced “Eight Choices” to Stress Its Open Platform Policy
[Translate] At the Tencent Partners Conference held in Beijing on June 15, Tencent chairman and CEO Pony Ma announced “Eight Choices” to stress its open platform policy: 1. If problems appear in our exploration on the open platform, we will not retreat, but actively seek solutions.
China’s Classified Websites “Never Short of Money”
[Translate] Classified websites are nothing new in China. The first one emerged in 2004, and around 2005 there were already dozens in local market. Besides independent sites, many portals have added classified sections to tap into the trend. But by now only several websites, Ganji, 58.com and Baixing survived and got bigger, which means these...
Renren Launched Automotive Q & A service Chewen
[Translate] Chinese leading social network Renren launched a automotive Q&A service Chewen (means “ask about cars”) in April. Its user base has been growing steady. When going public, Renren touted its business model as: social network (Renren) + daily-deal site(Nuomi) + game(Renren Games) Renren Chief Executive Joseph Chen thought these businesses were interrelated and mutually...
Groupon Is Rectifying Missteps
[Translate] Groupon CEO Andrew Mason showed up at a press conference on June 10 after investigating China market and visiting Gaopeng Beijing office, the group-buying site co-launched by Groupon and Tencent, the giant Chinese internet company. Mason said that he was pleased to partner with Tencent, Gaopeng COO Yun Ouyang had been exercising strong leadership,...
English