Like its previous versions, the ongoing World Internet Conference in Wuzhen has attracted the biggest names in China’s tech industry. Official meetings and keynotes aside, more casual business dinners, which gather China’s, or even the world’s richest technology tycoons, offered precious opportunities for them to get connected and share insights. It’s in China after all, […]
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Baidu’s VP Wang Haifeng now leads Baidu Research Institute to further develop its AI application for commercial use
Baidu’s vice president, as well as head of Baidu’s AI department Wang Haifeng, will serve as director of Baidu Research Institute (in Chinese). With Wang’s increased dominance in Baidu’s AI arm, Baidu’s Artificial Intelligence Group (AIG) will strengthen R&D on the AI application technology for commercial use, including autonomous driving and airport services. In March this […]
Didi to have even bigger voice in ofo upon new exec appointment
Chinese bike-rental major ofo confirmed that it has named Fu Qiang, former senior vice president of Didi, as executive president of the company. Fu will report directly to company CEO Dai Wei upon appointment. According to a company statement, Fu will leverage his deep industry experience to help ofo improve operating efficiency and upgrade user experiences. […]
Here’s how China’s 3 big co-working players are differentiating
Rising millennial workforce, government support for innovation and startups, changing public attitude from “owing” to “sharing” stuff, and of course the huge market scale: everything makes China a perfect for the development of co-working or shared space industry. Unsurprisingly, the industry took off in China over the past two years in a big way, marked by the emergence […]
Meituan-Dianping raises $4B new fund, reflects heated proxy war of Tencent and Alibaba
Meituan-Dianping, China’s O2O and e-commerce platform, announced today that it has landed a $4 billion Series C round of financing led by Tencent. With the newly pocketed funds, the firm is expected to further expand its four core businesses: in-store dining, entertainment, on-demand delivery, and travel. Meituan-Dianping has a large scale of offerings, including food […]
Live from TechCrunch – Kuang-Chi is bringing space tourism to China
Doctor Liu Ruopeng has been called the Elon Musk of China. His company is involved in several projects that sound like they are straight from science fiction – balloons that fly to space, jetpacks, flying cars, and metamaterials. Metamaterials were what made Dr. Liu famous. As a doctorate student at Duke University, he became known […]
Live from TechCrunch – How can a foreign hardware company enter China?
Shenzhen, the Silicon Valley in China, is becoming a must-destination for the foreign hardware startups to start their business. On the other hand, Chinese startups are starting from Shenzhen and expanding to global markets, such as educational robot kit Makeblock, drone maker DJI, and smartphone manufacturer Huawei. In the panel “Startup in Shenzhen”, Benjamin Joffe, Partner […]
Get funding for your startup from Alibaba Entrepreneurs Fund and Gobi Ventures at TechCrunch Shanghai
The TechCrunch China Startup Competition is on! And we are happy to announce that Gobi Ventures will join the jury to pick outstanding contestants for the Alibaba Entrepreneurs Fund and the Gobi VC awards. Here are the detailed rules and regulations about the Alibaba Entrepreneurs Fund competition: Prize The eligible outstanding projects in the competition […]
Banquets on the sidelines of World Internet Conference shed light on tech giants’ alliances
It’s that time of the year again. Tech executives and government officials from around the world are gathering in the historic water town of Wuzhen in east China for the state-run World Internet Conference (WIC). Meetings and keynotes aside, Ding Lei, the founder and CEO of the twenty-year-old tech conglomerate NetEase, has reportedly been hosting […]
TechCrunch Shanghai startup competition winner Blue Sky Labs sucks up RMB 1 million prize
Blue Sky Labs won the TechCrunch Shanghai 2017 Startup Competition with its plans to manufacture products to help consumers tackle problems with air, water and food. The prize was RMB 1 million in the form of an interest-free convertible debt bond from Gobi Partners. TechCrunch Shanghai 2017 was brought to a fitting close: recognition of […]