4.82 million WeChat users took part in the Lucky Money game on 2014 Chinese New Year eve, as disclosed by WeChat’s parent company Tencent. Launched several days before, the feature that adds gamification elements to giving and receiving digital Lucky Money became an immediate hit among WeChat users. Kingsoft even developed a plugin that automatically harvests lucky money […]
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SparkProfit invites everyone to make predictions on financial markets and rewards good ones with cash
Spark Profit is a platform for users, being professionals or not, to make predictions on financial markets and earn cash rewards. Those who are good at making predictions will receive weekly incomes. Available on the Web, Android and iOS, Spark Profit is designed to fit into users’ spare time, according to Justin Short, CEO of Nous.net […]
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Chinese Online Retailer JD.com Files for US IPO to Raise up to $1.5 billion
JD.com Inc. (formerly 360Buy), one of the largest online retailers in China, filed with SEC for IPO to raise up to $1.5 billion in the U.S.. The company started as an online retailer in 2004 and then introduced third-party retailers to its platform in October 2010. It’s business model, selling goods directly to users and take […]
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Lenovo to Buy Google’s Motorola Mobility for $2.91 billion
Lenovo announced today to buy Motorola Mobility from Google for $2.91 billion. Google, however, will keep the majority of Motorola’s patents. Lenovo will pocket more than 2000 patents with the acquisition. The deal is subject to approval by Chinese and US authorities. Better known as a PC maker, Lenovo expanded to mobile phone business in […]
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Alibaba Rakes in 1.78 Billion Dollars of Revenue in Q3 2013
In an internal letter from Alibaba’s legendary founder Jack Ma, he said that company has booked historical performance records last year. The fiscal report released by Yahoo!, a major shareholder which holds a 24% stake in the company, gives us a more detailed overview about Alibaba’s performance in 2013. The Internet giant generated $1.78 billion […]
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China’s Independent Mobile Payments Services Saw 707% Growth in 2013: iResearch Report
The total transaction volume by Chinese independent mobile payments services reached 1219.74 billion yuan (roughly $200bn) in 2013, a 707% year-over-year increase, according to the latest report by online tracking and data analysis service iResearch. The independent iResearch refers to are all payments services excluding those by conventional banks and China UnionPay, the bankcard association. […]
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Kingsoft to Take Security Software Business KIS and List it on U.S. Market
Kingsoft Corporation (SEHK: 3888), a leading applications and entertainment software developer in China, announced today that it planned to spin off security software business and list the sector on NASDAQ or New York stock exchange. Kingsoft has filed to Hong Kong Stock Exchange for the spin-off. Kingsoft’s security software business is operated by Kingsoft Internet Software Holdings Limited […]
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Watch China’s Annual Massive Spring Festival Migration with Baidu Maps
The annual massive migration in China has began. As usual, hundreds of millions of Chinese are traveling home for the upcoming Spring Festival. And they will travel back to their working cities after the official seven-day vacation. It is estimated that more than 3 billion journeys will be made this time. Baidu Maps rolled out […]
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Average Peak Internet Speed in China Climbs 14% in 2013: Xunlei Report
China’s average peak Internet speed reached 737.4KB/S in 2013, up 14% as compared with the beginning of the same year, according to a broadband speed overview released by Xunlei. The peak Internet speed for Hongkong, Macau and Taiwan still take the leads as compared with that for other regions in Chinese mainland. The connection speed […]
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WeChat is Testing a Self-serve Advertising System for Subscription Accounts
WeChat has introduced Guangdiantong (GDT), the self-service advertising system currently used for Tencent’s some other social properties, to place display ads in content by Subscription Accounts. It is in testing with several selected accounts and will be open for application after the Chinese New Year holiday. Since WeChat has become the hottest social platform in […]