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Ant Financial, Didi and Xiaomi named top unicorns in China

China’s Ministry of Science and Technology has announced the 2017 China Unicorn Enterprise Development Report (in Chinese) and the Zhongguancun Unicorn Enterprise Development Report. 164 companies have made the top unicorn list, with a total valuation of $628.4 billion. Ant Financial took the crown with a valuation at $75 billion. Didi Chuxing and Xiaomi were placed second […]

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Analyse Asia Podcast: Xiaomi (Part 2/2) – The Future Of Xiaomi

http://content.blubrry.com/analyseasia/Episode_130__The_Future_of_Xiaomi_with_Eva_Xiao.mp3 Eva Xiao from TechNode continued our discussion on Xiaomi, focusing on what kind of company Xiaomi truly is, and the current challenges they are facing to justify their US$45B valuation. We discussed the company’s recent failures to hit their 100 million smartphones target, their loss of smartphone market share, their failure to expand aggressively […]

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The top 10 Android app stores in China in 2017

We’ve updated for 2018. Check out this year’s list here. While Apple continues to have their struggles in China, Android-powered smartphones are picking up the slack. Unfortunately, Google isn’t doing so well in China either. This means that if Android users want to download applications, they must rely on app stores operated by local players. The app […]

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Chinese appliances brands expand presence in Korea

Chinese appliances brands are gaining a greater hold in the Korean market, thanks to their lower prices and improving quality, South Korean media (in Chinese) are reporting. According to the reports, the smartphone launch by Chinese tech giant Xiaomi in 2014 has served to change the stereotype that Chinese electronics products are shoddy and dangerous. Chinese […]

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Xiaomi Launches Mobile Payment Service Mi Pay

Mi Pay, the long-awaited mobile payment service from Xiaomi, will be available for all Xiaomi users from tomorrow (September 1st). Xiaomi registered a payment service company as early as in 2013, but only in January this year did the company obtain an official license by acquiring a controlling stake in local online payment services company Ruifutong. Like Apple […]