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Top 10 Chinese unmanned stores in 2017

The announcement of Amazon Go, the cashierless store concept, in late 2016, coincided with a flurry of Chinese tech companies creating their own versions of unmanned stores. For them, 2017 was a fruitful year for developing their solutions tailored to Chinese consumers, as well as in educating the market. What’s more important behind the quick […]

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Market Expertise Still More Important Than Tech And Capital In China: Qunar Founder

Despite the fact that the Middle Kingdom is currently bursting with investment capital, the secret to successfully launching in China is still relationships and market knowledge, according to Qunar co-founder Frederick Demopoulos who spoke at TechCrunch Shanghai this Monday. Qunar, one of the country’s largest travel service websites, is among the most successful foreign co-founded companies currently […]

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eLong Announces Privatization Bid From Tencent

 ELong, one of China’s largest online travel services, today announced that its board of directors have received a privatization offer from existing shareholder Tencent, which hopes to acquire all remaining shares in the company.  Tencent offered shareholders $18 per American Depositary Receipt (ADR), a 27 percent premium to Monday’s closing price in New York, according to […]

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Three Big Opportunities For China Entrepreneurs According To Premier Li Keqiang

The National People’s Congress (NPC), China’s unicameral parliament, convened last Saturday to kick off its annual meeting which runs until March 16th. It’s a lot of pomp and circumstance, with the NPC widely dismissed as a “rubber stamp” parliamentary for the Chinese Communist Party. Nevertheless, the meetings offer valuable insight into the Chinese government’s priorities and ambitions for the […]

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Push Notification Service Getui Enters Mobile Marketing With $108M Fresh Funding

Getui, a third-party push notification service provider, announced on Thursday a 700 million RMB (108 million USD) C round led by Haitong Securities and China Minsheng Bank, followed by all existing Series B investors including SAIF Partners and U.S. venture firm WI Harper. Launched in 2010, Getui offers push notification services, helping app developers to engage their customers […]

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Priceline Group Announces Additional US$250M Investment in Ctrip

The overseas online travel service company Priceline Group Inc. today announced that it will invest an additional US$250 million in Ctrip.com International, Ltd. , China’s leading online travel company.  This investment follows a commercial relationship established between the two companies in 2012, which was expanded in August 2014 along with the US$500 million investment by The Priceline Group. Immediately following issuance of the […]