China Smart Logistic Network, or CSN, a logistics program aiming for supporting 30 billion yuan ($4.8 billion) worth of daily online sales and making same-day delivery available on every corner in China. Led by Alibaba, the project is joined by major delivery services, e-commerce players like Yintai, investment and financial institutions. Alibaba Jack Ma will […]
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Tencent to Restructure Mobile Business Again?
Rumor has been whirling recently that Tencent is about to restructure its Mobile Internet Group again after last year’s major reorganization in which the company was divided into six business groups. Local portal site Sina Tech reported that Liu Chenming, EVP of Tencent and president of Tencent MIG (Mobile Internet Group) confirmed his resigning. Ren […]
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2012 was A Big Year for Chinese Independent Payments Services
image credit: CFP It turns out 2012 was a big year for the payments market in China. Banks rolled out new payments offerings, telecom operators tapped into mobile payments sector and e-commerce services were building their own payment solutions, etc. More contributions or innovations, however, are from independent payments services, as results of 1) conventional enterprises or […]
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RenRen to Catch up on Mobile Trend
Huge traffic doesn’t always point to big revenue, not if it’s coming from the mobile end in Facebook’s case. As of now more than 60% of the traffic of the world’s most popular social networking service is funneled through mobile devices, making the monetization issue even worse for Facebook given limited ad space on mobile […]
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RedBaby Targeting at $482M in Sales in 2013
Suning and Redbaby jointly announced lately that RedBaby the maternity-baby vertical is targeting at no less than US$ 482 million (RMB 3 billion) in sales this year. According to Redbaby, its annual sales in 2012 hit 1.62 RMB billion. Suning acquired RedBaby about 4 months ago. Chen Shuang, CEO of Redbaby, said that the company […]
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Renren May Spin off 56.com for Independent IPO
As one of the pioneers of Chinese local video sites, 56.com used to be the most important chess piece Sequoia Capital placed in China’s video industry. However, capital market left 56.com fewer opportunities after Youku and Tudou got listed in December 2010 and August 2011 respectively. In this context, 56.com was sold to Renren for […]
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Sina Executives on Weibo Monetization:Sponsored Stories Ten Times More Efficient than Display Ads
The general manager of Sina’s business strategy, Ai Yong, and spokesperson, Liu Qi, talked about Weibo monetization in an interview lately. It sounds like Sina wants to convince us that, unlike what we thought about, the Weibo advertising business doesn’t cannibalize that on its portal, and that Sina is technologically capable of building workable advertising platforms. Sina management once acknowledged that Weibo […]
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E-commerce Solutions Market in China was $32 billion in 2012
Alibaba, the Chinese e-commerce giant, released some numbers on e-commerce solutions market based on its own data from Taobao, Tmall and Alibaba B2B service, and the performance of the whole market. Alibaba concludes that the whole market in 2012 was 200 billion yuan ($32 billion) that supported 1.2 trillion yuan worth of B2C transactions and 8.4 trillion […]
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Dianping: 60% of Traffic Now Came From Mobile
60% is an interesting number, Facebook claimed 60% of traffic from mobile end. Same case for Twitter. China’s Sina Weibo lately articulated the same figure for its mobile traffic. Same case for Tencent Weibo. Now it’s Dianping’s turn to spill out the magic number. According to Dianping.com, in 2012 Q4, 60% of the traffic came […]
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360buy Powers up Cloud Computing Effort with 4B Yuan
360buy will be investing RMB 4 billion to construct two cloud computing centers – one in northern Inner Mongolia province while the other one in southern Jiangsu province, according to an investment framework agreement signed with local governments. The move indicates the company’s accelerated pace in cloud computing and information technology. The northern cloud powerhouse […]