Buying power of Chinese middle class continues to grow and more Chinese are moving online to satisfy their retail cravings. In 2012, China’s total online retail shopping market increased by 55% to $194 billion. This infographic produced by Alibaba group maps out their online spending patterns:
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UCWeb Announcing Game Strategies, Targeting at 300M Revenue for Partners
The picking up trend of mobile gaming relieved mobile startups of the risk of going out of business due to the monetization conundrum on mobile ends. We’ve seen a bunch of Chinese mobile gaming companies gained popularities among mobile addicts, some even claimed astounding monthly revenue, for instance, The Fishing Joy franchisees brought in north […]
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CooTek Debuts Newest TouchPal Keyboard at MWC
CooTek, the company behind award-winning mobile app TouchPal Keyboard just debuted the latest version of its intelligent keyboard enhancer app at this year’s MWC (Mobile World Congress) conference held in Barcelona, Spain. The new version is powered by features like slide/swipe technology, learning-based predictions, blind typing and so forth to simplify the tedious and awkward […]
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He Is Only 13 Years Old, and He Is Probably the Youngest iOS Developer in China
[Editor: this post is written by Bowen Zheng, a 13-years-old iOS developers from Shanghai. We are really impressed by his talent, his passion and even his ambition. It’s probably too early to say what his future would be, but definitely we need more Chinese young men like him, who dare to dream big!] Year of […]
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Jiekuwang Raised 200M in Series B Round
Jiekuwang.com, an integrated marketing service aiming at serving Chinese local merchants, recently raised RMB 200 million from Huaxia Mogen Funds Management Co. Jiekuwang claims to be an O2O platform on which users can place online orders and then consume them offline with local merchants. It’s website went online since September of 2011. According to Pang […]
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500Startups Goes BIG and Takes on China’s Trillion-Dollar Market
[Editor: this post is contributed by Rui Ma, Venture Partner and Stealth Assassin at 500 Startups, and Mark Saldaña, Resident marketing manager and baker at 500 Startups. It’s also published on 500.] I went to high school and college in the United States, but was born and raised in China. I have always maintained a […]
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Weixin to Set Foot in U.S.
Weixin, the most popular Chinese messaging app with more than 300 million users (mostly from China though), was said to make its foray into the U.S. for the first time, according to an internal email addressed to all Tencent employees sent today. The email disclosed that Tencent’s Guangzhou Research Institute, the incubator of Weixin, would […]
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My Dead Relation with Linkedin might explain BSNS difficulty in China
Linkedin clones in China still fail to gain solid popularity. Many formal reasons are: need more time to develop; C level executives in China are not digital savvy; business connections often reply on nepotism or “word of mouth” introduction. All well stated, nevertheless I would like to offer a “grass-root” Chinese perspective that my personal […]
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How Residents in a Third Tier American City Use Their Phones
During the Chinese New Year holidays, many writers have dwelled on the theme of returning to their hometown and compare the sights there with that of Beijing. The tech scene is no different; one of the more popular and most ridiculed topics was about tech insiders’ experiences at their hometown. One of the more readable […]
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A Chinese Startup Turned to Taobao for Crowdfunding
Having failed to raise further venture capital, Make.V, a startup on online content production and distribution, turned to Taobao to sell its stake which is priced at 120 Yuan for every 100 shares. Surprisingly, within a month, 1191 individuals bought a total of 680 thousand shares that amount to 816 thousand Yuan. This is, actually, […]