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Facial Recognition App – Present and Future
[Translate] Facial recognition, a technology that reminds us of law enforcement and Mission Impossible movies, is making its wave in the news again. This time, it is Google introducing “Find My Face” on Google+ to compete with Facebook’s social dominance. Built on its picasa technology, “Find My Face” is something you have to specifically...
Chinese Microblog Syncing Tool Discontinued Service
[Translate] Follow5, a Chinese microblog syncing tool announced to discontinue its services in 30 days, advising its users to download all their data. Founded in late 2007 after receiving an angel round, Follow5 once claimed millions of users. The site let users sync their microblog posts onto all the other major microblogging services or social...
Short of Business Professionals, Why LinkedIn Does Not Work in China
[Translate] Why LinkedIn does not work in China? This is one of the hottest questions being discussed recently in China because Linkedin went to IPO and apparently the massive Chinese market has no real professional social networks yet. A hedge fund manager recently gave me a very interesting point of view, which I also agreed....
Innovation Works Wang Hua: From Imitation to Innovation
[Translate] Since its founding, Innovation Works has been entangled with harsh criticisms over its “follow suit strategies”. Wang Hua, co-founder of Innovation Works commented on that and introduced the Chinese incubator’s tastes for projects and entrepreneurs. At the 7th ChinICT “Tech Stars in China” Conference, when asked about criticisms from the outside world over its...
Rumor: 55tuan Raised US$ 200 M From Goldman Sachs
[Translate] It’s rumored that Chinese group buying service 55Tuan is raising US$ 200 million of Series A funding from Goldman Sachs. Both 55Tuan CEO Xu Maodong and VP Wei Jinghan refused to comment or disclose more details. This is so far the largest funding in Chinese group buying area. Lashou, one of the biggest...
Introduction of Four Micro-video Services: Is an era of Micro-video coming?
[Translate] If you have read my introduction two days ago of photo sharing services for mobile phones, just like service provided by Instagram, maybe you will have a question-can we share videos in a similar way? In fact, there have already been such services. The recent launched on-line service called Viddy in App store is...
Dianping raises $100mln at $1bln valuation, postpone IPO plan
[Translate] Dianping announed today that it’s raising a new US$ 100 million round of funding across four funds that values the company at US$ 1 billion valuation. The funds include Trust Bridge Partners, Sequoia Capital, QiMing Ventures and Lightspeed Venture Partners. Dianping is a popular social rating site (like Yelp), covering 2,000 cities in China,...
Breaking, Groupon.com Acquired Groupon.cn
[Translate] It’s good to be a copycat in China as long as the market it’s dealing with is still hot, and if you own the .cn domain of the original site, it is definitely one of the keys to get more attention (or just get people confused…) and even succeed. We just heard that Groupon.cn...
China’s Airbnb, Airizu.com Officially Launched
[Translate] Gang wrote a piece last week speculating a number of Airbnb clones starting in China. Rumors have been circulating that, the Samwer brothers, who are responsible for Groupon in Germany and Gaopeng in China would be the front-runners in the Airbnb clone race. Today Airizu, has come out first, but the only visible link...
CHINICT Tech Conference in Beijing, May 26-27 2011
[Translate] In its 7th year running, CHINICT aims to reveal China’s strength as a global tech entrepreneurship and innovation powerhouse called ‘Chinization’. The impressive speaker list includes some of China and the world’s top tech professionals, for example: From China Kaifu Lee, CEO of Innovation Works Haoyu Shen, SVP of Baidu Fritz Demopoulos, Founder of...
One Man, 4 Identities and 4 Girlfriends – Happened on Chinese Dating Site Jiayuan
[Translate] This post was contributed by guest blogger, Yasmin Li. China’s largest online dating site Jiayuan.com filed for an initial public offering, aiming to raise up to US$100 million. As the latest in a series of Chinese social network companies to apply for US listings, the company’s shares are expected to trade on the Nasdaq...
2009: The Year KaiXin Beats Xiaonei and Chinese SNS Fizzle?
[Translate] 2009 is gonna be fizzling for most. Maybe even Chinese SNS. I doubt that Alexa’s figure is the best judgement of Kaixin001 (chart below), but having said that, the real figure might not be so far off. As we can see, the daily page view of KaiXin001 exceeds those of Xiaonei. Unbelievable. Why is...
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