Li Wanqiang, co-founder of Xiaomi, disclosed yesterday that about 16 million Xiaomi phones were shipped in the second quarter of this year. Lei Jun, CEO and co-founder, had announced earlier this month that shipments in Q3 increased 20% quarter-on-quarter. The company made RMB33 billion (US$5bn) in sales from 26.11 million phones in the first two […]
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Alipay Wallet Has Had 190M Annual Active Users, Processing over 50% of Alipay Daily Transactions
Alipay Wallet, the mobile app operated by Alibaba’s finance arm, announced today it has 190 million annual active (at least one payment or money transfer in a year) users. The number of daily transactions through mobile has reached 45 million, with over 50% of the total from Alipay (with Alipay supporting third-party businesses as well as […]
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Location-based Mobile Advertising Service AdNear Raises Series B Funding for Market Expansion
AdNear Pte. Ltd., a Singapore and Bangalore-based mobile advertising service, has secured US$19 million in Series B financing from GB-V Growth Fund Investment Limited Partnership, an investment unit managed by Japanese VC firm Global Brain Corporation, Telstra Ventures and incumbent investors of Sequoia Capital and Canaan Partners. The capital will be used to expand in the Asia-Pacific […]
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Business Card Reader App CamCard Taps Enterprise Market Upon Hitting 110M Users
The business card is still one of the most basic networking tools in corporate circles, but the process of managing the details of each and every contact can be a hassle. If you meet ten people at an event, how long do you spend creating new contacts on your phone, with all those mobile numbers, […]
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China-based US College Interview Service InitialView Adds New Feature, Virtual Stars
For Chinese students who aspire to seek higher education in United States, the first and foremost question is “how to stand out.” Needless to say, with hundreds of thousands of students sending in applications from October to December each year, students would better have the prefect GPA, scores on standardized tests and extra-curriculum activities, only […]
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How to Reach the H.E.N.R.Y’s : The New Consumer Eldorado for Brands In Emerging Markets
Editor’s Note: This post is contributed by Alexis Bonhomme, from Curiosity China, Tech & Digital Company focusing on WeChat and other China digital platforms – CRM – O2O – Digital Marketing for International Brands on Greater China market and China outbound tourism. As we face a slowdown in the growth of global luxury sales in […]
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Chinese Smartphone Brands Take 64% of Domestic Market by Q2 2014: Baidu Report
Android’s near-monopoly in China continues with daily active users of the system advanced by 16% quarter-on-quarter in 2014 Q1 and 10% quarter-on-quarter growth in Q2, according to the Baidu Mobile Distribution Report. The slowdown in the growth rate may however mean that the demographic dividend which triggered Android’s great expansion in recent years is tailing off. […]
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China’s Rural E-commerce Market to Reach US$29bn by 2014
AliResearch, the research arm of Alibaba Group, has released a new report on rural e-commerce in China. In 2013, online purchases on Taobao accounted for 8.6% of total consumption expenditure in rural China. Though the individual purchase rate is low, 84.4% of surveyed consumers in rural areas said online shopping was acceptable. The AliResearch report […]
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Alibaba Unveils Mobile Open Strategy Baichuan Program to Boost Innovation
Chinese internet giant Alibaba (NYSE:BABA) today rolled out Baichuan Program, a plan to boost local startup innovation. Under the program, Alibaba will offer infrastructure support to mobile developers with a view to encouraging a mobile ecosystem connecting cloud and mobile services. In terms of technical support, Alibaba will provide cloud, data storage and security services, helping […]
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Business-oriented SNS Service Wolongge Scoops Angel Investment
Technology has brought remarkable innovations to the recruitment industry, opening up greater possibilities and eliminating the information gap between job seekers and recruiters. Wolongge is a business-oriented social networking service aiming to deliver another innovation by facilitating vocational and career communication and evaluation, and the company has announced that it has raised angel investment from iStart […]