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Posted inNews

Bike-rental war escalates with Alipay supporting “scan-and-ride” function for six bike-rental apps

Alipay, the online and mobile payment platform operated by Ant Financial, has teamed up with six bike-rental apps to allow users to rent 6 million bikes in 50 cities across China directly through the app’s new “scan and ride” function. Users can unlock any ofo, YouonBike, Bluebike, hellobike, Ubike or funbike vehicle simply by scanning […]

Posted inNews

8 questions about Chinese tech we will see answered in 2017

In the tech industry, new innovations are constantly supplanting old ideas and seemingly stable companies can find themselves facing unexpected challenges. However, the trends we saw started in 2016 posed questions that have yet to be answered. Here are eight of them we think will be answered in 2017. 1. Can Alipay effectively deter the aggressive rise […]

Posted inNews

Why more trains may lead to more unicorns in China

Editor’s note: This was contributed by Hans Tung in collaboration with Zara Zhang. Hans Tung is a Managing Partner at GGV Capital. A five-time Forbes Midas Lister, he has been a US/China investor for more than a decade. Zara Zhang is an analyst at GGV Capital. She has written for The Information, The Harvard Crimson, Harvard Magazine, among other publications. When I […]

Posted inNews

Why WeChat is going to win the instant app battle in China

To great anticipation, WeChat rolled out Mini Programs—embedded instant apps—in January this year. As a major feature release, the buzz surrounding the Mini Programs piled up months before its actual launch. Discussions among industry insiders went from the actual form of Mini Programs to its potential to disrupt the traditional app store paradigm. In contrast to […]

Posted inNews

Tencent bets on online flea market with $200m investment in Zhuan Zhuan

The decades-long rivalry between Tencent and Alibaba spans almost every hot tech vertical in China. It’s no exaggeration to say that where there’s Tencent, there’s Alibaba and vice versa. The competition between the two Chinese internet giants is now entering another field – second-hand goods trading market. According to the official announcement, Tencent has injected […]

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