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Aliyun to Merge with K-Touch?
[Translate] It all started probably two weeks ago when words were swirling about Alibaba’s potential acquisition of K-Touch, China’s smartphone vendor. The rumor has never been confirmed or denied by both companies. And now the latest update says that one exec of K-Touch said it’s actually Aliyun, the cloud computing subsidiary of Alibaba will be...
SAIF Partners China Invested $10M into Early Education Company
[Translate] SAIF Partners China has reportedly invested US$ 10 million into Beijing-based early childhood education company Xuehuile.com.cn, a subscription-based business targeting children aged from one to six aiming to provide them with monthly reading materials, picture books, multimedia CD, toys, handicrafts, exercise books and so forth. Li Yang, the company’s co-founder and CEO is also...
Group Buying Roundup: Groupon.cn Setback, 55Tuan/Lashou IPO
[Translate] Now, It’s Groupon.cn’s Turn Gaopeng, the JV between Groupon and Tencent managed to weather through all the missteps like shutting down branch sites, shrinking payroll and consumer complaints over counterfeit products, and now it’s Groupon.cn(or 团宝网, groupon.com.cn)’s turn to face a new wave of group buying drama in China. Though the company’s domain name...
Launchpad Finalists to be Delivered on Febr 3rd
[Translate] The Launchpad Finalists were scheduled to be delivered today according to our original plan, however, even when we were approaching the application deadline there were tons of calls and emails flocked into us making last-minute inquiries and submissions. In order to give us more time to review those last-train-catchers, we have to extend two...
ChinaBangAwards Announced Top 5: A Reflection
[Translate] A Chinese idiom says:”History serves as a mirror to reflect the status quo and future”, better yet, it can guide you through a bumpy ride avoiding pitfalls that you might fall into had it not been for the lessons you learn by reflecting on the past. In the ChinaBangAwards 2012’, an award aiming to...
China Telecom to Encourage In-house Innovation
[Translate] China Telecom, the state-run carrier is reportedly investing heavily to encourage in-house innovation with setup of two internal innovation incubators in both Beijing and Shanghai, a big step for a Chinese state-run company. According to an internal document from the largest landline operator in the planet, it will earmark about US$ 30 million (RMB...
Qihoo 360 Launches Pinterest-like Service
[Translate] With the #1 online security software (user penetration hit 83.3%), second most-popular browser (user penetration peaked at 57% in last September), largest startup-page (hao360.cn, according to iResearch report) and more than 3 million users at hand, Qihoo360 could easily take the same approach as Tencent did with QQ – to capitalize on its huge...
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...
Report: China B2C Hit $38B in Sales in 2011
[Translate] China B2C market generated US$ 38 billion (RMB 240 billion) in sales in last year, up 131% from the same period a year ago, according to a report by Beijing-based market researcher AnalysysInternational. For the last quarter of 2011, the transaction volume reached 12 billion across the market. The report shows that the momentum...
![[TechNode 2011’ Year in Review] China Tech in Five Words - Entrepreneurship](http://technode.com/wp-content/uploads/2012/01/entre1-290x290.jpg "[TechNode 2011’ Year in Review] China Tech in Five Words - Entrepreneurship")
[TechNode 2011’ Year in Review] China Tech in Five Words – Entrepreneurship
[Translate] It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope,...
Farm Produce Online: Are you willing to pay a premium?
[Translate] Food safety is no longer a heated topic as we are so used to these problems. What I’m curious is, whether we are willing to pay a premium for de-industrialized food products sold online? Several e-commerce companies already made attempt for this niche market. Nongren is a farm produce e-commerce corporation based in Shanghai....
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...
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