The new coronavirus outbreak is pressuring share prices for China’s biggest tech companies including Alibaba, JD, Baidu, and Ctrip.
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Chinese Airbnb For Tour Guides Nilai.com Completes $2.3 M USD Funding
Chinese P2P platform for tour guide services Nilai.com announced the completion of a 15 million yuan ($2.3 million USD) pre-A round of funding on Tuesday. The funding was led by Beijing Fuyuan and will be used to improve the app and enhance the marketing outreach to attract more local guides in overseas countries. Nilai.com, whose Chinese name translates […]
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Why Is Every Chinese Tech Company Doing Online Finance?
When it comes to China’s internet giants, there’s barely a player that hasn’t entered the world of online financing. Following in the footsteps of Alibaba, many of these companies are looking to finance as a means of subsidizing heavy cash burn rates in their core businesses. Ant Financial, which oversees Alipay, the country’s largest mobile payment service, is […]
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More Than Half Of China Is Now Online, And They’re Mostly Mobile
China has kicked off 2016 with a serious milestone – more than half their 1.37 billion population is now connected to the internet, according to a report released by state-backed China Internet Network Information Center (CNNIC). As of January first 2016, 688 million Chinese people had access to the internet, accounting for 50.3% of the […]
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Qunar or Alitrip: Which Will Be China’s Travel Taobao?
In yet another expansion into new markets, Alibaba launched Alitrip (or Qu’a (去啊) in Chinese) in late October. Like the e-commerce giant’s other market places, Alitrip is a platform for travel agencies big and small to set up online storefronts. Vendors on Alitrip have the same resources as Taobao and Tmall retailers, such as Alipay […]
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Tech in China 2013: Chinese Internet Giants Shopping Crazily
The old story: Big Chinese Internet companies would, rather than buy or invest in startups, hire a bunch of engineers to build products on their own or do pixel-to-pixel knockoffs. Big names like Tencent are notorious for killing startups by doing so, with better products or the ability of converting existing users. Recognized reasons include […]
