Say goodbye to Facebook, Twitter, and Instagram and welcome your new favorite apps. Here is everything you will need to navigate your China life. 1. Communication: WeChat (微信) The app to rule them all, WeChat is the very definition of indispensable in China. This is where you will connect with your friends, communicate with your […]
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Airbnb names new China head, rumored in talks with local rival Tujia
After nearly two years in China, Airbnb finally appointed someone to head its China business: Ge Hong as vice president. This is another big move to accelerate its push into the country’s lucrative short-term rental market worth an estimated RMB 12.52 billion in 2017 (in Chinese). Ge will report to directly to Airbnb CEO Brian […]
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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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Ctrip, Qunar End China’s Biggest Online Travel Rivalry With Multi-Billion Dollar Partnership
The spate of consolidations between Chinese tech companies continues as yet another industry rivalry is settled in a multi-billion dollar partnership. Ctrip.com International Ltd. and Baidu-backed Qunar Cayman Islands Ltd. have announced a matchup today that will have a valued worth of approximately $15.6 billion USD. Unlike other recent match-ups in the market, Qunar and Ctrip’s partnership involves a share […]
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Three Big Opportunities For China Entrepreneurs According To Premier Li Keqiang
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, […]
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Flexible Action Camera PIC Wins DreamPlus TechNode Demo Day
The winning startup of DreamPlus TechNode Korean Startup Demo Day, held on June 30th in Shanghai, was Boud, the makers of a flexible action camera. As a reward, the company was given a free booth at the TechCrunch Beijing event in November. The camera startup is one of the four selected companies participating in the DreamPlus Global Expansion Program. “DreamPlus aims to […]
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eLong Announces Privatization Bid From Tencent
ELong, one of China’s largest online travel services, today announced that its board of directors have received a privatization offer from existing shareholder Tencent, which hopes to acquire all remaining shares in the company. Tencent offered shareholders $18 per American Depositary Receipt (ADR), a 27 percent premium to Monday’s closing price in New York, according to […]
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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 […]
