ATTA GAME, a Chengdu-based mobile game developer, received several million yuan of seed funding from angel investor Zeng Liqing, as reported by Chengdu local tech media ITChaGuan (in Chinese). Zeng Liqing, co-founder and former COO of Tencent, became a super angel investor and founded an investment company, DecentCapital, after leaving Tencent in 2007. So it’s […]
Posted inNews
China-based Companies Find Business Opportunities in International Shipping
China is seeing more and more goods are shipped overseas to individuals, instead of wholesalers. That must be one of the reasons that Alibaba has been transforming its business-to-business e-commerce platform AliExpress to a business-to-customers one by encouraging Taobao retailers to set up stores there. Lightinthebox, a US-listed online retailer with 98% of the total […]
Posted inNews
Singapore-based JFDI.Asia Opened up Applications for Second 2013 Accelerator Program
JFDI.Asia, or The Joyful Frog Digital Incubator, announced today that it will accept rolling applications from early stage Internet businesses to its regular acceleration programs. Teams applying to JFDI.Asia range from raw startups with just an idea, to companies that already have significant user numbers and prior investment. The program favors technology businesses that can […]
Posted inNews
Alibaba Released An App for E-commerce Sellers
Qianniu is a mobile app for e-commerce sellers on Taobao, Tmall and 1688.com to organize online stores. It enables sellers to do almost everything they are doing on PC. Versions for iOS, Android and Aliyun OS — the custom Android system by Alibaba– are available. Starting beta testing in the past February, it has had about a […]
Posted inNews
iFLYTEK to Acquire Test Solution Provider MstChina for RMB 480 million
Voice software provider iFLYTEK (SZ: 002230) announced to acquire MstChina, a test solution provider, for RMB 480 million (USD78 million). MstChina’s offerings include English speaking and listening test software which must be the synergy between the two companies. iFLYTEK, having been focused on speech recognition technologies, now has a variety of voice-related services including Mandarin speaking test software, and […]
Posted inNews
China Mobile Called A Halt to its One-month-old Skype/WeChat Competitor, Jego
China Mobile called a halt to Jego, a Skype-like app released early this month, by disabling new user registration and stopping voice and video calling service in mainland China, according to a statement issued by China Mobile International (in Chinese). This has added some more spice to the talking of messaging lovers. This app, at […]
Posted inNews
[Updated]Qihoo Rolls out Another Piece of Hardware: An “Anti-malware” Router
Qihoo, the Chinese Internet company who is most known for offering free security services, released an “anti-phishing, anti-Trojan”router by partnering with Shenzhen-based router manufacturer Netcore. Named NI360, the router will be sold at 99 yuan ($ 16), cheaper than the average router in the market, on Qihoo’s shopping site. Apart from anti-malware, the router provides […]
Posted inNews
Chinese Angels Becoming More Savvy and VC/PE Cooling down in 2012: ZhenFund
ZhenFund, the angel investment fund founded by angel investor Xu Xiaoping and later joined by Sequoia Capital China, unveiled its findings on China’s tech startup ecosystem as of 2012. There are 309 Chinese angel investors that did at least two deals, making the total to 747 deals, and committed over one million yuan in startup […]
Posted inNews
Rong360: Online Financial Product Search Platform
Launched in 2011, Rong360 operates an online financial product search platform providing loan recommendations for small and medium sized enterprises and individuals. Currently the service has attracted several hundred thousand users and received loan applications which added up to tens billions RMB. In the very first month, Rong360 already won the capital backup from KPCB, […]
Posted inNews
AutoNavi Added Send to Car Feature, Partnering with Local Manufacturers
We introduced the new version of AutoNavi app briefly earlier. It turns out that this edition also enables sending destinations from Amap, the map service of AutoNavi’s, to car. AutoNavi has reached partnership with several local car manufacturers such as ROEWE, MG iVoka and BYD according to Feng Hanping, VP of technology at AutoNavi (in […]