BesTV NewMedia just announced that it had acquired 35% of Funshion for US$ 30 million, a move to help the company branch out into multiple platforms. Founded by SMG (Shanghai Media Group) in 2005, Shanghai-based BesTV is one of the first Chinese IPTVs. Funshion was also set up in 2005. The service developed its own […]
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Exclusive: 360buy to Open up Platform in 2 Months
Very soon, all the pinterest clones in China will have more than the Taobao products to capitalize on. Jindong Mall (aka 360buy), one of the largest online retailers in China, will open its platform in 2 months, said an industrial source. “Just like Taobao’s ‘Grand Taobao’ project, Jindong will have its ‘Grand Jindong’ project,” the source […]
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Weixin 4.2 to Come with Video Chatting
Are you also addicted to Tencent’s messaging service Weixin and keep on chatting nonstop? Good news. The upcoming new Weixin 4.2 will be adding video chatting and many cool functions. The new version is still in beta and according to some insiders, it’s very exciting. Some highlights about the new Weixin: will be available on […]
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Report Predicts China Mobile Game Players Hit 192 Million by Year-End
According to a report by market researcher Niko Partners, China’s mobile game players will hit 192 million by the end of this year, surpassing the number of PC players in China, which is expected to reach 180 million by year-end. Another point raised in the report is that mobile game revenue is likely to grow […]
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Sogou Broke up with Alibaba for a Potential IPO?
Local media reported that Sohu just bought back 10,88% of Sogou from Alibaba, a move ending a two-year long relationship between the two since Alibaba invested into Sogou in 2010, the same year Sogou was spun off from Sohu as an independent operation. The valuation of Sogou now is $0.237 billion, which increased by over […]
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Xiaomi Phone Profit Margin Reaches 20%?
Xiaomi could generate a gross profit margin of more than 20% percent on its own-branded smartphone, according to a teardown analysis by a Chinese semiconductor analyst. Xiaomi phone’s profit margin is always a mystery to outsiders. Lei Jun, founder and CEO of the company first claimed to make not even a dime off hardware, saying […]
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Lean Startup Machine Running in Shanghai
Shanghai-based TechYiZu just organized their very first Lean Startup Machine event couple weeks ago at People Squared’s “Yanping Attic” co-working space, with the guest appearance of Ray Xu, one of Lean Startup Machine’s very own organizers who had flown from the US to attend the event. So, what is Lean Startup at all? Lean Startup […]
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Kaixin001 Ramping up Open Strategy, Isn’t It Too Late?
Chinese SNS site Kaixin001 seems to be too conservative and slow in its open strategies. The company announed open efforts in 2010, but did not really open it until early 2011, which is not a prompt move at all compared to its competitor Renren, whose open platform was launched in 2008. Yesterday the company shared […]
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Big Ten Accounts for 80% of Chinese Group Buying Market
According to Hu Chen, co-founder of Tuan800, a Beijing-based think tank of group buying, Chinese group buying market has gone through the blind expansion phase and now has been seeing a new wave of consolidation during which more and more services are being shut down everyday and the big guys are gobbling more market share. […]
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Tencent Debuts Revamped Homepage
Tencent, the largest Chinese Internet company by market cap just debuted a major revamp of its homepage with simplified layout and deeper integration of the company’s social network offerings like Tencent Weibo, QZone and Pengyou. On the new homepage, a big Soso-powered search box is placed right next to the logo of QQ.com, highlighting the […]