After being acquired by Suning.com four months ago, Chinese maternity-child vertical RedBaby has went through some restructure in an aim to integrate itself more closely into Suning’s platform, starting with a 15% layoff and a new head from Suning to rule over the entity. Chen Shuang, the incumbent COO of RedBaby still runs the company’s […]
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Chinese Big Data Startup Announcing Game Analytics Solution
Chinese startup TalkingData yesterday launched in Beijing its new initiative dubbed TalkingData Game Analytics (www.talkinggame.com) as the latest addition to the company’s data-centric solutions ranging from app data analysis, marketing performance monitoring service, customized recommendation engine to data mining. Founded in 2011, the company started as a tool of app data analysis in the crowded […]
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Sina Weibo Begins Placing Sponsored-story Timeline Ads
It is found that paid posts, labeled as “sponsored”, appeared in the news feed of Sina Weibo today, which is long-awaited as its management mentioned it long time ago. It’s a self-serve system that is open to any user, not limited to businesses, as described by its CEO, Charles Chao, on the latest earnings conference call. […]
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Alibaba CEO Jack Ma Call It Quits, Still Pulling Strings from Behind the Screen
Jack Ma, the legendary founder/CEO and spiritual leader of Chinese ecommerce conglomerate Alibaba announced to step down as CEO of Alibaba by May 10th of this year, citing his “not young anymore” and “opening up room for the younger generations”. He’ll remain as chairman of the group though. The announcement came after Alibaba’s latest restructure […]
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Alipay Shares Insights into Chinese Online Consuming Behaviors
Alipay, the largest and most popular Chinese online payment service, just shared its insights into its users’ online shopping behavior over the past year, given the service’s de facto dominating position in Chinese online payment market – Alipay claimed more than 800 million registered accounts as of last December while according to a fresh new […]
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360buy Spun off Group-buying Arm
Chinese group-buying sector has long in chaos, the once ‘prosperous’ Lashou backed off on the verge of a long-rumored IPO, 24Quan got shut down, others like 55tuan and Meituan declared turning a profit, with mixed comments. To some venture capitalists, the claims – especially 55tuan – are laughable though the courage to say so is […]
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Baidu Builds Fort Against 360 Search with Kingsoft Tie-up
Baidu the Chinese search engine reportedly has made a strategic investment into local antivirus software vendor KingSoft as a follow-up of the Baidu-Qihoo360 fight, though neither party confirmed the news yet. The two was in talks long while ago when 360 just launched its own search offering to challenge Baidu, multiple sources implied. The tie-up […]
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Tencent Weixin Reaches 300 Million Users, Releasing A New Version
It takes Weixin, Tencent’s mobile messaging app, no more than two years to reach 300 million registered users, as announced by Weixin team. Launched on January 21st, 2011, Weixin has become one of the most used mobile apps in China. And its international expansion is expected to be the first case of a Chinese internet product […]
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UC CEO on China Startup Scene, Revealing How Much A Chinese Startup Is
CEO of UC Web, Yu Yongfu, wrote an article summarizing 2012 startup scene in China and gave talks at a couple of events on the mobile Internet. The conclusion is like that 2012 didn’t turn out to be a good year for Chinese startups. “At the beginning of the year, a lot of people were […]
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Wrap-up: The Behemoths’ Investment Guide in 2012
It has been a turbulent year in the world of investment, but thankfully a trend of big tech companies acquiring quality startups has brought us a ray of hope. Instead of simply copying popular ideas from smaller firms, traditional tech companies are more willing to invest or acquire startups . Here’s a short investment report […]