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Tencent bets on online flea market with $200m investment in Zhuan Zhuan

The decades-long rivalry between Tencent and Alibaba spans almost every hot tech vertical in China. It’s no exaggeration to say that where there’s Tencent, there’s Alibaba and vice versa. The competition between the two Chinese internet giants is now entering another field – second-hand goods trading market. According to the official announcement, Tencent has injected […]

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Join us for the biggest TechCrunch event in China!

What: TechCrunch Shenzhen 2017 When: June 17-20th, 2017 Where: I-Factory, Nanshan District, Shenzhen It has been four years since and the TechCrunch China Summit landed in China. In that time, we have seen 6 sessions in Beijing and Shanghai with more than 300 speaker, including the world’s most famous entrepreneur, venture investor like Alphabet/Google […]

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Chinese electric carmakers might not be ready, but the money is

In recent years, a raft of Chinese entrepreneurs have been going around pitching and fundraising for their electric vehicle startups, but consumers haven’t seen much of those promises materialize until recently. On October 12, XPeng Motors unveiled its first pre-production run of 15 electric cars in China’s east-central city of Zhengzhou, where XPeng’s OEM partner—local automaker Haima Automobile’s subsidiary—is located. This batch, […]

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Why WeChat is going to win the instant app battle in China

To great anticipation, WeChat rolled out Mini Programs—embedded instant apps—in January this year. As a major feature release, the buzz surrounding the Mini Programs piled up months before its actual launch. Discussions among industry insiders went from the actual form of Mini Programs to its potential to disrupt the traditional app store paradigm. In contrast to […]

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Why more trains may lead to more unicorns in China

Editor’s note: This was contributed by Hans Tung in collaboration with Zara Zhang. Hans Tung is a Managing Partner at GGV Capital. A five-time Forbes Midas Lister, he has been a US/China investor for more than a decade. Zara Zhang is an analyst at GGV Capital. She has written for The Information, The Harvard Crimson, Harvard Magazine, among other publications. When I […]