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Top China Stories Today: 55Tuan IPO, 505M Internet Users, 360buy Buy Property
[Translate] 55Tuan Restart IPO Plan: Rumor has it that China’s group buying service 55Tuan reinitiated its IPO plan to get listed on NASDAQ raising between US$ 100 million and US$ 200 million with UBS as its underwriter. The company scheduled to go public in 2011 in the first place but postponed it largely due to...
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...
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...
Time.is Makes Time Simple
[Translate] The world is a fascinating place. When flying around the world, it sometimes feels like you are travelling back or forth in time, but really you are just changing timezones. Often it can be hard to conceptually think about what time it is in a different city in another country, so many applications have...
Cowbird.com, The Diary Of The World
[Translate] I came across this cool and unique site called Cowbird.com. You may be imagining a bird’s head on a cow’s body, but the vision of this website is anything but absurd. Cowbird is a “tool for telling stories and a public library of human experience.” That sounds like a valiant task, but how does...
NetEase Launches Baoxian, A Car Insurance Comparison Platform
[Translate] NetEase, one of the biggest internet portals in China has announced it is launching an insurance comparison platform http://baoxian.163.com/. It will focus on auto insurance with the cooperation with various partners such as China Ping An, Pacific Insurance and Sun Insurance. The goal is to help give insurance consumers choice and transparency when selecting...
How Many Pinterest Do We Need?
[Translate] Pinterest, the young Silicon Valley based startup has 3.2 million UV per month with growth rate over 100%, has recently closed a $27 million round of fund which might values it up to $200 million. With no surprise, many copycats also emerged in China. From a rough statistics, we found 14 products that share...
NetEase’s Lightblogging Tool Lofter Open to Public
[Translate] Another tumblr-like service is coming in town. Lofter, the lightblogging tool curated by NetEase is now open to public registration. So now we have Dianian (by Innovation Works), Sina Qing (by Sina), Tuita (by Shanda), Renren Xiaozhan (by Renren) and I haven’t mentioned those founded by minor names. Some were raving about lightblogging as...
Ministry of Industry Invests 3 Bn Yuan to Support SMEs, says Baidu
[Translate] ZD Net reported today that Baidu announced that China’s Ministry of Industry will invest a hefty 3 Billion yuan to support SME’s. Called the glorious “Millions of small and medium power Xiang plan”, the investment will be used to help 2 million SME’s access Baidu products and services to boost productivity and sales. According...
No More Cartoon Emoticons, Express Yourself with 3D Living Portraits
[Translate] In our busy lives, time is of the essence and getting the message across in the shortest possible time makes a lot of difference. When we are communicating by mobile or instant messaging, it is customary to use a cute emoticon to express how we feel. happy sad =/ worried joking But we must...
Baidu’s Qiyi Launches New Brand Name iQiyi
[Translate] Still remember the Qwister setback for Netflix? The company finally made peace with its angry customers by announcing backing off the plan to spin off and rebrand its DVD rental business. If there’s anything we can learn from the irritation, it should be that don’t easily give up your existing brand name easily –...
Alibaba Q3 Net Income Rises 12%
[Translate] The giant e-commerce company, Alibaba has released financial data that shows third quarter profits rose 12% after raising prices for merchants to sell on it’s trading platform. Net income increased to 410 million yuan ($64 million) from 366.1 million yuan a year earlier. Revenue rose 11 percent to 1.6 billion yuan. Much of the...
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