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Top China Tech Stories Today: Muddy Waters, Ecommerce Round up
[Translate] Muddy Waters Took Another Shot at FMCN: Muddy Waters took another shot at Focus Media’s LCD counts, in its new report out last week, the shorter claimed that Focus Media included 30,500 “mere cardboard posters” into its LCD Network displays to ‘exaggerate’ the number to 185,174. In Focus Media’s respond to the latest report,...
Top China Tech Stories Today: Paixie Raising 30M, 360Buy Travel Booking
[Translate] 360buy Launches New Homepage & Travel Booking: 360buy.com, the second largest B2C site by transaction volume launched its revamped homepage as well as its hotel booking service. The new homepage (pictured below) seems crowded than before that the texts and pictures took up all the browser space. The etailer also stealthily launched hotel and...
Top China Stories Today: 2nd Largest iPhone Partner, Xunlei Shops
[Translate] China Unicom Claims 2nd Largest iPhone Partner: Li Gang, Deputy GM of China Unicom claimed that the Chinese operator has grown to be the second largest iPhone partner of Apple in the planet. China is the gadget maker’s fastest growing market, Tim said. Given the ‘Black Friday riot’ during the China launch of iPhone...
Top China Stories Today: 500CCC Downsizing; Shanda/Sina Mobile; Ding Lei Talks
[Translate] 500CCC Making Big Cuts: Chinese B2C pitfalls take two or three or whatever, after Xiu.com’s trimming down Beijing office, 500CCC.com, the Beijing-based 3C vertical was said to be invested by Tencent. When being approached for comment 500CC replied saying it’s undergoing some sort of strategic restructure. China Ecommerce Attracts $4.69B Last Year: China ecommerce...
Top China Stories Today: Letao Raises Only $15M? Ping’An Selling Yihaodian Stake
[Translate] Xiu.com Trimming Down Beijing Office: Luxury goods etailer Xiu.com was said to trim down Beijing office with 20 to 30 staff retaining. Company reps said that certain Beijing divisions like BD, sales will be merged into its Shenzhen headquarters. Rumor Says Letao Raises Only $15M: We mentioned Letao said raising US$ 30 million couple...
Top China Stories today: Qihoo360 JV, Pinju to Sue Shanda
[Translate] Pinju Founder Considering Suing Shanda: Pinju, the online ecommerce company which just announced closing down last week is considering suing Shanda. Basically, the thing is Ge Binbin, founder of Pinju said Shanda confirmed to invest in Pinju while the gaming vendor denied Ge’s claims by saying “we made it clear earlier last year that...
Top China Stories Today
[Translate] Sneak Peak into Dangdang ereader: A picture rumored to be the concept design of Chinese etailer Dangdang’s ereader showed up online lately. From what we saw (pictured left), the gadget appears to combine the goodies of Kindle and iPad with e-ink screen and sleek outfit. According to Yi Wenfei, VP of the Beijing-based company,...
Top China Stories Today
[Translate] Sina Weibo Claims 250M+ Users: Charles Cao, CEO of Chinese portal site Sina announced Sina Weibo the twitter-like service has surpassed 250 million users with more than 100 million posts popping up every day. He said that Sina Weibo has now reached juvenile period with more power to be capitalized on. Jiayuan Topped...
Top China Stories Today
[Translate] China Ranked #2 in XMas Week Downloads: China ranked #2 in Christmas week mobile app downloads, according to a statistics by mobile app researcher Flurry. The U.S. topped the chart with more than 509 million downloads, representing over 50% of total downloads. China came in second with 99 million while UK came in third...
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....
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...
Top China Stories Today
[Translate] Kingsoft Pushes Cloud Computing Further with Cloud Bridge Technology: Like cloud computing isn’t vague enough, Kingsoft Kuaipan, the cloud storage arm of the software company announced launching a new cloud storage technology dubbed Cloud Bridge, which in a nutshell is something similar to Dropbox’s integration with Windows Explorer. After installing the latest Kuaipan into...
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