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Posted inNews

Tencent, Baidu and Alibaba Compete in Investing

In May, Tencent invested RMB 84.4 million (US$ 13.1m)  in online travel service eLong and RMB 445 million (US$ 69.1m)  in film production Huayi Brothers.  As for June, Baidu invested RMB 306 million (US$ 47.6m) in another travel services aggregator Qunar. And in July, Alibaba Group led the US$ 50 million funding for group buying […]

Posted inNews

Café, A Sign for Chinese Internet Prosperity

Café, a Sign for Internet Prosperity It sounds weired to say so, but still, rather than just serving people with nice coffee, sometimes café also could serve as a sign for the prosperity of one industry. Back in 2009, Chinese internet business experienced tremendous growth with a series of hallmark events including Shanda Games went […]

Posted inNews

Garage Café: An Open Office Space for Chinese Startups

It’s All About Office Space Rather Than Coffee I constantly heard both expats and Chinese complaining about how café in China including Starbucks and so on overcharge their coffee in China. In a country which is traditionally a stronghold of various tea including green, black, jasmine, oolong, Pu-erh and where people initially started drinking tea […]

Posted inNews

Ctrip: Incubator for Chinese Hotel Initiatives

Ctrip, the Chinese travel booking site, went public on Dec 9, 2003. Eight year later, to many people’s surprise, the largest travel service of its kind in China now enjoys a market capitalization of over 5.907 billion US dollars, only second to Baidu, ranking even before long-standing portals like Sina, NetEase and Sohu and online […]

Posted inNews

CHINICT Tech Conference in Beijing, May 26-27 2011

In its 7th year running, CHINICT aims to reveal China’s strength as a global tech entrepreneurship and innovation powerhouse called ‘Chinization’. The impressive speaker list includes some of China and the world’s top tech professionals, for example: From China Kaifu Lee, CEO of Innovation Works Haoyu Shen, SVP of Baidu Fritz Demopoulos, Founder of Qunar […]

Posted inNews

Rumor, Jack Ma Wants to Buy Ctrip

Ctrip, the leading online travel service provider, was listed on NASDAQ in 2003; Alibaba Group, led by Jack Ma and owner of Alibaba.com, Taobao.com, Alipay and China Yahoo! now has about 22,000 employees across 60 cities and regions (wikipedia). According to this report, in a trip to U.S days ago, Jack Ma was meeting with […]

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