Invented in Japan, the two-dimensional barcode is black-and-white graphic used for recording data information. It is featured with large storage capacity, high traceability, and low cost. The two-dimensional barcode is not a brand new technology. However, the camera recognition function of smartphone makes it feasible to input the two-dimensional barcode, printed in newspaper, magazines and […]
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Baidu’s Approach to Mobile: Build the Groundwork
At a conference held by local business magazine BusinessValue over last weekend, Robin Li, founder and CEO of Chinese search juggernaut, shared with audiences – mostly Chinese Internet product managers – his reflections on local innovation, the company’s legacy of recruiting and training product managers and its mobile strategy. Mr. Zhang Peng, editor-in-chief of the […]
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PPTV Plans to Turn A Profit This Year, Hints An IPO
PPTV, an on-demand and live streaming service, plans to make a profit in the fourth quarter this year, said its CEO, Vincent Tao. And they are “actively” preparing for an IPO, waiting for markets to pick up. He also estimated that consolidations, acquisitions or investments would possibly happen in video industry in the second half of this year. The company […]
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Sina Weibo: Trapped in the Matrix
A Bombshell dropped, at least for the “in” crowd, arrived early this year, when a venerable local media challenged censorship directly on Weibo, China’s answer to Twitter. What happened next has great ramifications, not least for Sina, who is caught in the middle of the crossfire. Now, what the battle means for grand topics such […]
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Chinese Startups in 2012
17Startup, a program that started collecting Chinese startups from 2011, reports its findings as of 2012. Its site added 3595 startups in 2012 alone. Below are top ten categories, Online/mobile travel. Of a total of 231, 11 received funding. Mobile games. 11 out of 209 obtained funding. Infant & Kids. Of a total of 158, 66% are for […]
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Xiami Story: An Ideal Online Music Model Doesn’t Work for Now
The latest rumor that Xiami was acquired by Alibaba group was confirmed with media’s finding the domain administrator’s email address was changed to alibaba’s. According to a source close to Alibaba and the case, the acquisition was initiated half a year ago. Interesting enough, the four core members of Xiami quit Alibaba as engineers in 2006, just before the company’s […]
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The Last Free Original Literature Site of Cloudary Begins Charging Readers
Rongshuxia, an online literature site under Shanda’s Cloudary, announced to charge for content at the end of 2012. Hence no literature site of Cloudary’s offers content totally for free. Other revenue-generating literature providers under Cloudary have four revenue sources, paid content, print book sales, copyright licensing and online advertising. Rongshuxia hardly made any revenue until September 2011 by […]
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360buy CEO Internal Talk: 60B Sales in 2012, Profitable This Q4
Liu Qiangdong, founder and CEO of 360buy, delivered an internal talk at the giant etailer’s annual meeting, defining the new year of 2013 as a year of revitalization and rehabilitation and point out self-operated ecommerce, open service and financing as its new directions to be headed for. According to him, the online virtual shopping mall […]
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Ctrip & Elong Continue Fierce Price War
We have reported that Ctrip and Elong lost money over a string of price wars last year. Now we know for a fact, both are willing to shed more blood in order to bludgeon the other. According to Tang Lan, VP of CtripWhether, Ctrip would cease fire only on one condition: Elong must do it […]
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Rumor: Alibaba Acquires Online Music Service Xiami.com?
Rumor broke by local portal Tencent claiming that Alibaba the ecommerce behemoth has stealthy acquired Chinese online music service Xiami.com. Xiami which also based in Hangzhou was founded in 2006 by former Alibabaers. It started as a service to exchange music through its P2P network and make money off uploading music for downloads. Illegitimate as […]