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Acquisition Rumors Galore: Chinese Internet Giants Start Spring Shopping?

Alibaba’s Jack Ma said they’d acquire innovations from outside. It is rumored that Alibaba acquired Umeng, an app developer support service, and Moji, a weather app. Both are leading services in their respective sectors. Umeng is among the batch of startups Innovation Works incubated before the latter shifted its focus on venture financing, and raised $10mn funding from […]

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Ctrip Transforms towards Mobile Internet, Has to

Ctrip has been sitting on the overlord position of online travel industry for almost a decade before year 2012. However, a string of small travel startups equipped with disruptive innovation in travel business challenged the largest Chinese OTA from many aspects, flight booking, hotel booking, travelogue, you name it. Competition from its long-time rivals including […]

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Map the Market, Mark the Profits

Even it’s not fierce yet, we can still sense a whiff of intensity in the map market. Or should we say it’s the calm before a storm. It seems that the O2O heat is urging the Internet industry to keep pace with it, with big names like Baidu, Alibaba and Tencent jump to ride on […]

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VC event Next Week in Shanghai – Silicon Dragon

For entrepreneurs looking for funding their startups this year, they might found the climate is much less forgiving than last year. I remember last summer almost anything can get a decent valuation. But this year, the VCs are much more cautious. What are on the VCs’ minds these days? To find out, interested parties might […]