Uber’s Asian Competitors Consolidate Under SoftBank

Image Credit: Shutterstock As Uber comes under fire both at home and abroad, Alibaba’s largest investor SoftBank has spent US$250 million in the taxi-app GrabTaxi, adding the South-East Asian front runner to a portfolio which already includes both China and India’s strongest taxi-app competitors. The deal makes SoftBank the biggest investor in GrabTaxi, which now spans six countries in…

[TechCrunch Beijing] Trends Group VP Jeff Chang: It’s Time for Chinese Entrepreneurial Environment to Change

TechNode’s founder Gang Lu took stage at TechCrunch Beijing in a fireside chat today with an old friend of ours Jeff Chang, VP at Trends Group. Fashion addresses the problem of user’s desires for a better life, while most current Chinese products are solving basic pain points of clients, according to Jeff. He illustrated his opinion with an example like this. Both Uber and apps like Didi Dache…

Uber for China Now Supports AliPay Payment

After landing in Shanghai for a trial period started last August, the U.S. car rental service Uber is officially launched in Shanghai today. To localize their service for Chinese market, Uber released a new Chinese name “优步” (a great step forward in Chinese). More importantly, it adds AliPay as a form of payment and just as ondemnadly provides various discount coupon codes in the US, the same…

Can’t-miss Talks from TechCrunch Shanghai Conference

  TechCrunch Shanghai is the first show since TechNode announced partnership with TechCrunch and launched TechCrunch China. The show gathered 3000 attendees in Shanghai on Nov. 19 - 20. Eighty speakers and panelists shared with us their insights on building tech businesses in China, the China tech market in general, among other topics. Ned Desmond, COO of TechCrunch and General Manager of…

Join Us At China Pavilion of TechCrunch Disrupt SF 2013

TechCrunch's flagship event Disrupt will be held in San Francisco again on 7th - 11st Sept. As the official partner in China, TechNode is setting up a China Pavilion at the Startup Alley to maximise the exposure for China-related startups (the startups are founded by Chinese, or based in Greater China or mainly targeted at Chinese users). All startups in China Pavilion will be interviewed on…

Tonchidot in TechCrunch50: A presentation worth learning from

TechCrunch50 was successfully held. We know who the winners are. But today let's talk about one of them that didn't win. Tonchidot generated alot of fanfare in TechCrunch even though they didn't end up on the podium. Well, to start with, the idea is awesome. Geotagging and using the broad viewport of iPhone as the tool to geotag and view geotagged objects. However, the thing that caught my…

Alipay expands footprint in Africa with Flutterwave tie-up

An Alipay sticker shows consumers how to pay on mobile phones. (Image credit: TechNode/Shi Jiayi) Chinese e-commerce giant Alibaba has partnered with Silicon Valley and Lagos-based fintech startup Flutterwave to provide digital payments for African merchants using Alipay, TechCrunch reported. Why it matters: The partnership allows the Hangzhou-based firm the opportunity to expand its…

Didi furthers drive into the Middle East with Symphony Investment JV

In this image from Didi Chuxing, (left to right) Stephen Zhu, Didi senior vice president; Didi CEO Cheng Wei; Emaar Properties founder Mohamed Alabbar; an unidentified individual; and managing director of Symphony Investment Rashid Alabbar at the signing ceremony in Beijing on Monday, July 22, 2019. (Image credit: Didi Chuxing) Didi Chuxing said Monday that it will set up a joint venture (JV)…

Ride-hailing service Shouqi to turn a profit by year end: CEO

(Image credit: Shouqi Limousine & Chauffeur) Shouqi Limousine & Chauffeur, a ride-hailing service backed by state-owned transport company Shouqi Group, expects to make a profit by the end of this year, CEO Wei Dong said on Wednesday. Why it matters: If Shouqi's forecast holds true, China’s second largest ride-hailing service may be the first in the industry to break even.…

Tencent partners with GAC to launch ride-hailing firm, OnTime

(Image credit: OnTime) Tencent has aligned with state-backed GAC Group to launch a ride-hailing platform named OnTime in the southern Chinese city of Guangzhou this week. Chinese tech companies and automakers are battling to secure a piece of the ride-hailing industry in order to gain a stake in the mobility market of the future. OnTime on Wednesday announced in a WeChat post that it began…