Back in November, six young startups entered AcceleratorHK, the first startup accelerator in Hong Kong focused on hybrid mobile development. Three months later, it’s debut time for the creative work they have built. So Enjoy! Taxiwise The dilemma of the taxi industry of Hong Kong is that most passengers can’t get a taxi when they […]
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49% Mobile Phones Sold in China in 2012 Were Smartphones
Chinese mobile phone manufacturers shipped 1.18 billion mobile phones in 2012, with an increase of 4.3%, according a report by Chinese Ministry of Industry and Information Technology (MIIT). Every one hundred Chinese own 82.6 mobile phones, 9 more than that in 2011. Of the 260 million mobile phones sold in 2012, 49.1% are smart phones. […]
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500 Startups Demo Day @Twitter HQ
500 Startups Demo Day was hosted at the Twitter headquarters in San Francisco. The room was filled to capacity with entrepreneurs, investors and excitement! It was fun to watch the fifth batch of startups graduate from the accelerator program. The theme of the demo day was enthusiasm as many of the entrepreneurs projected their abundance of energy […]
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Ctrip Transforms towards Mobile Internet, Has to
Ctrip has been sitting on the overlord position of online travel industry for almost a decade before year 2012. However, a string of small travel startups equipped with disruptive innovation in travel business challenged the largest Chinese OTA from many aspects, flight booking, hotel booking, travelogue, you name it. Competition from its long-time rivals including […]
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How to do an Uber-like car rental business in China?
Uber-like services won’t be banned by local regulators in China like what Uber encountered in the U.S.; however, they have their respective problems. Zhou Hang, founder of Yongche and serial entrepreneur, gives some color about doing such a business in China. Yongche, founded in 2010, was one of the first Uber-style car rental services in […]
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Qunar CEO: We Aimed At 1% of China GDP
Qunar, Chinese online travel booking service seems to be growing to a ‘super’ company, even on a par with Ctrip in just a few years. The local magazine The Founder interviewed the team and this was the summary of the report. Overall, Mr. Zhuang Chenchao, CEO of Qunar was seemingly confident of the future as […]
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Ourpalm Acquires Web Game Developer Dovo
Mobile game developr and operator Ourpalm recently acquired China’s southernmost Hainan province-based Dovo Technology. Inc, a popular web game developer. The deal was made via RMB 810 million in a combination of cash and stock. Ourpalm will be consolidating their titles and integrate marketing channels. In the context of soaring web game market, Ourpalm has […]
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Baidu’s Mobile Jam
When it comes to a smaller screen, the search giant Baidu seems to be dwarfed by other players. How does it feel to see other tech giant taking the lead with killer products, for example Wechat? For Baidu, It came, it saw, but it hasn’t conquered yet. At the company’s annual party held lately, Mr. […]
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Sogou to Go Public this year?
On Febr.4, Sohu (NASDAQ:SOHU), Sogou’s parent company announced that due to the growing strength of Sogou, Wang XiaoChuan (Sogou CEO and Sohu CTO) would no longer serve as CTO of Sohu anymore. One insider revealed that Sogou would make big strides on capital end after Chinese New Year, some assumed an IPO planning. According to […]
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Gaming M&A hit $4B in 2012
Digi-Capital investment bank released a research report about global gaming industry recently. The report noted that last year global gaming market recorded an all-time high M&A volume at up to US$ 4 billion, up 18% from 2011’s US$ 3.4 billion. However, transactional volume dropped 27 percent with fewer blockbuster deals being made over the course […]