The National People’s Congress (NPC), China’s unicameral parliament, convened last Saturday to kick off its annual meeting which runs until March 16th. It’s a lot of pomp and circumstance, with the NPC widely dismissed as a “rubber stamp” parliamentary for the Chinese Communist Party. Nevertheless, the meetings offer valuable insight into the Chinese government’s priorities and ambitions for the […]
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Nuggets of Wisdom From Startup Guru And Angel Investor Philip Beck
Investor and startup mentor Philip Beck has been in China since 2005 and has seen his share of victory and defeat. He has established joint ventures, launched new brands, and is now an active investor in early and angel stage startups through his private fund Dubeta Ventures China. His primary areas of focus are consumer technology, gaming, […]
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 […]
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 […]