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Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

Tactics to make sure you get your hongbao this Chinese New Year

Editor’s note: This article originally appeared on our sister site, TechNode Chinese. If you’re working in a Chinese company, then you’d better be prepared for Chinese New Year’s Eve, the best time of the year to grab red envelopes on your WeChat group. Chinese people give red envelope (hongbao, 红包) with money to their younger children and co-workers as […]

Posted inNews

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 […]

Posted inNews

Xiaomi Has Revealed Their VR Headset

China is obsessed with VR, and Xiaomi is not about to be left behind. The hardware giant revealed their first VR product on Thursday: a smartphone-enabled headset called Mi VR. True to Xiaomi style, the gadget is ridiculously cheap at 1 yuan a piece (about $0.20), but before you go scrounging through your spare change jar, […]

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