Tencent, Baidu and Alibaba Compete in Investing

In May, Tencent invested RMB 84.4 million (US$ 13.1m)  in online travel service eLong and RMB 445 million (US$ 69.1m)…


Alipay Will Go Public, within Ten Years

According to the deal Alibaba reached with Yahoo and Softbank on July 29, Alibaba will receive a sum of between US$2…


Innovation Works Recruiting New Projects

Innovation Works' incubation program Jump-Start is accepting new application for its third cycle now. Launched in last…


Tencent to buy 15.68% of Kingsoft

Tencent agreed to buy a 15.68 percent stake in Kingsoft Corp for HK$ 892 million(US$ 115m)and invest US$ 20 million in…


Alibaba, Tencent to Release Smart Phone

Alibaba Group is reportedly planning to release its own mobile phone in the third quarter. And it’s not the only…


Xiaomi Tech to Release Mobile Phone

There have been rumors recently that Xiaomi Tech will officially release a customized Android UI called MIUI in late…


Youku’s Focus in The Next 5 Years

Gu Yongqiang Youku CEO Gu Yongqiang blogged his video platform’s focus in the next five years recently——continuously…


Tencent Announced “Eight Choices” to Stress Its Open Platform Policy

At the Tencent Partners Conference held in Beijing on June 15, Tencent chairman and CEO Pony Ma announced “Eight…


China's Classified Websites “Never Short of Money”

Classified websites are nothing new in China. The first one emerged in 2004, and around 2005 there were already dozens…


Chewen

Renren Launched Automotive Q & A service Chewen

Chinese leading social network Renren launched a automotive Q&A service Chewen (means “ask about cars”) in April.…