Tainiqi Zhu admits that the Chinese market might not be ready for second-hand clothing, but he’s willing to make a bet on its potential. “In mainland China, there’s a problem of trust and communication,” says Mr. Zhu. “And even after you convince someone, you still have to negotiate the price. There’s a huge culture of bargaining.” Mr. […]
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And the ChinaBang 2017 Awards go to …
It’s that time of the year again: the festive weekend for Chinese techies, startup entrepreneurs and investors alike. ChinaBang Awards, an annual ceremony recognizing the best startups in China, is on the go. To continue last year’s initiative in finding out the amazing startups nationwide- not just 1st tier cities, this year’s ChinaBang Award ceremony […]
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Smartphone Upcycling Gains Momentum In China As Users Trade Phones Every 18 Months
If you are one of those hardware fans who’s always itching to get the latest device whenever there’s a new update, you’ll probably have one of those junk drawers spewing out tentacles of wires and gadgets that are covered in dust. Among them, a bunch of old smartphones — sound familiar? That’s exactly the case with many Chinese citizens […]
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China’s Craglist 58.com To Invest 100 O2O Startups: Here’s the List… So Far
Chinese local listing site 58.com, which Tencent holds a stake in, is among the most active investor and acquirer of Chinese internet startups this year in an attempt to drive its O2O initiative. A total of $1.5 billion USD funding was injected in various projects since the beginning of this year, said 58.com Chief Strategy Officer Chen Xiaohua […]
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Live from TechCrunch – How can a foreign hardware company enter China?
Shenzhen, the Silicon Valley in China, is becoming a must-destination for the foreign hardware startups to start their business. On the other hand, Chinese startups are starting from Shenzhen and expanding to global markets, such as educational robot kit Makeblock, drone maker DJI, and smartphone manufacturer Huawei. In the panel “Startup in Shenzhen”, Benjamin Joffe, Partner […]
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4 take aways from 34 new Chinese unicorns in 2017: IT Juzi report
A “unicorn” refers to those companies less than 10 years old and valued at $1 billion or more. There were 34 Chinese new unicorn companies in 2017 that match these conditions, according to a new report released by Chinese startup database IT Juzi (IT桔子). In the first half of 2017, rental economy startups gained prominence […]
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We tried Starbucks Roastery’s AR game, and this is what we think
The practice of drinking tea has a long history in China, having originated there during the Tang Dynasty. But in 2017, the practice of drinking coffee could be adding a new chapter to its history in China. For those living in Shanghai, last week’s WeChat Moments were filled with Shanghai locals posting pictures and selfies […]
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Earliest Tesla Fatality Yet? Autopilot Blamed For Chinese Man’s Death
Footage revealed on Wednesday by Chinese state media revealed what may be the earliest ever fatality in a Tesla car using the autopilot function. A dashcam video recorded the Model S slamming full speed into the back of a road sweeping vehicle on an expressway 450 kilometers south of Beijing. The collision occurred on January 20th this year, […]
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New WeChat feature shows that Starbucks is no longer a foreign brand
After the stunning success of hongbao (红包 or “lucky money” in English) and the more recent gold gifting, WeChat has partnered with Starbucks to offer coffee gifting. Found in the WeChat Wallet, you can purchase Starbucks-branded gift cards either for a single drink or with money pre-loaded on the card. After purchasing, you will be […]
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Here Are The Top Grossing Crowdfunded Animation Films In China
There’s no lack of crowdfunding platforms in China, but they are distinctively different the U.S. platforms that made the funding model popular. One of the most recognized disparities between the two is that Chinese backers prefer reward-based campaigns, because they promise a tangible product as a return on their investment. Often crowdfunding in China is just a way for enthusiasts to […]
