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Why We Adopt An Investment Model That Combines Institutional and Individual Investors? – Interview with Equity Crowdfunding Platform iChuangye CEO

iChuangye, a Kickstarter-like crowdfunding service previously known as 5ichuang, launched today its first-ever Demo Day to debut projects that are raising funds on the platform. TechNode got a chance to talk with its CEO Gu Bing, who prefers to name himself as chief service officer of the site, since he considers his works as offering […]

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Daily Mobile Payment Transactions via Alipay Reaches 25 million

Daily mobile payment transactions through Alipay, the payment services of Alibaba Group, has reached 25 million, Alibaba announced today. The majority of payments are still from mobile Taobao, the mobile version of Alibaba’s  consumer-to-consumer e-commerce marketplace. The rest are from third-party businesses, ranging from convenience stores to taxis, who have integrated Alipay to their mobile […]

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Chinese Publisher CITIC for the First Time Profited from Digital Books in 2013

CITIC Press is one of the first Chinese publishers to embrace digital. Its digital publishing business turned profitable in 2013, according to Huang Yikun, chief editor at digital publishing center of CITIC. 70% – 80% was, however, still from telecom operators. The three Chinese operators have been, since feature phone times, offering mobile reading content […]

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Alibaba Leads $280 Million Series D Funding in U.S. Messaging and Free-calling App Tango

Chinese e-commerce giant Alibaba invested $215 million in Series D funding of U.S. mobile messaging app Tango. The total amount of this round reached $ 280 million on aggregate together with investments from some prior investors of the company, including Access Industries, Draper Fisher Jurvetson and Jerry Yang, a co-founder of Yahoo Inc. As part of this financing, Michael […]

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Xiaomi Showcases Budget Phablet Red Mi Note for $130

Red Mi Note Chinese smartphone maker Xiaomi debuts a low-cost phablet, Red Mi Note, on Tencent’s social platform Q-zone yesterday. The new product is opened up for preorder now and will be shipped on March 26 at 799 yuan (roughly US$130) for standard version and 999 yuan for enhanced version, basically on par with the price of Red […]

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Mobile Social Game Developer FunPlus Game Announces $74 Million Series B Funding

Mobile social game developer FunPlus secured $74 million of Series B financing from Orchid Asia, SteamBoat Ventures, and existing investor GSR Ventures, raising the company’s total capital received to more than $87 million together with the $13 million Series A funding gained in 2012. The fund raised this round will be injected in marketing and recruitment of excellent game designers and […]

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Doing Business on WeChat isn’t so Easy

Zaocanjia — nice breakfast in Chinese, is a deliver to home breakfast service and only available through WeChat. Zaocanjia team make and deliver breakfast every morning to subscribers to its WeChat subscription account. A third-party company developed a system with WeChat API to collect and manage orders. The company chose WeChat for they think it […]

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