为电动汽车提供综合服务，「充电网」获数千万人民币Pre-B轮融资 – 36Kr What happened: ChargerLink, a charging service provider based in China, announced its’ new RMB 10-million-level Pre-B Series. The company has landed services in around 200 cities in China and has penetrated into over 10,000 communities. ChargerLink also cooperated with Tesla on charging piles. Their contract, however, ended in 2016. Why it’s important: ChargerLink’s new […]
Posted inTurf Wars
Google looks to offer cloud services in China
Google is in talks with Tencent and others to bring cloud services to China – SCMP What happened: Google is said to be in talks with companies including Tencent to offer its cloud-based products in China. Negotiations reportedly began in January 2018. However, there is some uncertainty as to whether the plans will go ahead amid […]
Posted inTurf Wars
Alibaba renews foray into Tencent turf with Taobao mini game platform
The renewed initiative started this April when Alibaba acquired the exclusive distribution rights for Travel Frog in mainland China.
Posted inEvents
Asia Hardware Battle 2018: First stop, India
Updated 19:38 pm 20 August 2018: This post has been updated to include our other India partner, One Co.Work. India is one of the hottest startup hubs in the world today. According to Economic Times, a Nasscom-Zinov report revealed that India has added over 1,000 tech startups in 2017, making that a total of about […]
Posted inTurf Wars
Luckin says Alibaba deal doesn’t make Starbucks new retail
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.
Posted inThe Numbers
Chinese tech stocks tumble from more than just trade tensions
The focus has shifted to more than just the trade war: a number of big Chinese tech companies have seen their share prices plummet for other reasons.
Posted inTurf Wars
Alibaba touts success of its anti-counterfeit drive as Pinduoduo’s stocks fall over fake goods investigations
Alibaba’s Anti-Counterfeiting Alliance announced on August 3rd that it now has over 100 members, NetEase reports.
Posted inOn the Cusp
VIPKID announces new products and strategic partnership with Microsoft
According to VIPKID’s official data released during the press event, they have over 60,000 native English-speaking teachers. Its paid teenager members hit 500,000. 180,000 classes that make up 4.5 million minutes are held every day.
Posted inWith Chinese Characteristics
World’s largest surveillance equipment maker Hikvision to be banned from sales to US federal agencies
The world’s largest manufacturer of surveillance equipment, Hikvision, is on its way to being banned from selling its video surveillance and communications equipment to US federal agencies. On August 1st, the US Senate passed the conference report for the 2019 National Defense Authorization Act which includes new provisions on Hikvision, ZTE, and Huawei. The bill […]
Posted inHeavy Hitters
Xiaomi shares drops below IPO price again
小米再度破发 “翻倍”将成泡影？ – 上海证券报 What happened: Shares of Chinese smartphone maker Xiaomi dropped below HK$16.8 issue price during an intraday trade on August 2. Xiaomi went public in Hong Kong on July 9, and its shares jumped below the issue price on the IPO day. Lei Jun, CEO of the company, once promised investors who bought […]