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Car Rental Service Zuche Jumps into Ride-sharing Market as China Cracks Down on Private Cars

Chinese car rental service CAR Inc., more commonly known as Zuche, has rolled out a ride-sharing service UCAR Zuche Tailored Car Service (our translation), adding another competitive player to China’s booming taxi-calling industry. The company is planning to launch the service in 60 cities around the country, according to CEO Charles Lu. He said that Zuche, which has started […]

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MySimax, the Fascinating Homecoming Story of a China-based African Tech Company

Editor’s Note: This post is contributed by Thibaud Andre, a French consultant working at Chinese market research firm Daxue Consulting. He likes to share insights about emerging markets. In particular, he like to identify emerging trends and innovations that may change economic landscape in these countries.  Following recent annual tradition, NewAfrican Magazine published a special edition listing […]

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Momo Adds Physical Gifts and Digital Lucky Money

The location-based social app Momo (NASDAQ:MOMO) has added physical gifts and lucky money sending features to its latest version, launched on January 28. Digital lucky money, or ‘Red Envelopes’, is available on many Chinese social platforms, including WeChat and Weibo. Thanks to WeChat’s iteration, launched one year ago, mobile digital lucky money became widely popular among […]

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GSIIP Demoday introduces 4 Korean Startups entering Chinese market

After a three-month acceleration program, four seasoned Korean startups pitched their businesses to the audience gathered at the East China University of Political Science and Law in Shanghai on 27th January. At this closed event were invited VCs, business partners and selected media from both countries. GSIIP (Global Startup Incubating Internship Program) is a three-month internship program, […]

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Alibaba’s Finance Arm Officially Launches Credit Scoring Service Sesame Credit

Ant Financial, Alibaba’s finance arm, has begun beta-testing the long-awaited Sesame Credit (‘Zhima Xinyong’ in Chinese), the user data-based online credit scoring service. Sesame Credit generates credit scores based on the online behaviour of consumers and small businesses on Alibaba’s Taobao (consumer-to-consumer) and Tmall (business-to-consumer) marketplaces. It is the first of its kind in China, and […]

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