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 […]
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MyRealTrip launches Aiyouhanguo, your unique guide to Korea
“When you visit Myeongdong or the Jeju Islands in Korea, all you hear is Chinese.” The number of inbound travelers from China to Korea has risen to 6.1 million, a 41% growth year on year. The exponential growth contributed to record tourist income of US$18.1 billion. However, travel satisfaction has often been low, often due […]
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ZaiSeoul Seeks Out Hot Korean Travel Trends
It was a big transition for a travel magazine publisher to reposition itself as a tech company in 2013. “We had a readership of around 30,000 and two million Weibo followers who were fans of our magazine,” ZaiSeoul co-founder Jaeyoung Jang said. “We asked them to visit our new website and some of them became […]
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GSIIP Demoday introduces 4 Korean Startups entering Chinese market
After a three-month acceleration program, four seasoned Korean startups pitched their businesses to the audience gathered at the East China University of Political Science and Law in Shanghai on 27th January. At this closed event were invited VCs, business partners and selected media from both countries. GSIIP (Global Startup Incubating Internship Program) is a three-month internship program, […]
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Voice Search Developer Mobvoi Launches Made-for-China Android Wear System Ticwear
As most Google services are blocked in mainland China, China’s tech industry has benefited by developing customized Android ROMs, Android app stores or alternative services. Therefore it’s not surprising to see Chinese developers beginning building customized operating systems or services for Android Wear. Mobvoi, a Chinese-language voice search service developer, today unveiled Ticwear, a customized Android […]
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Baidu Joins China Cab-Hailing Market With Uber Purchase
China’s top three internet companies are competing by proxy through their stakes in the domestic car services market following Baidu’s undisclosed investment in Uber earlier this week. Internet giants Alibaba and Tencent are already backing taxi-apps Kuaidi Dache and Didi Dache respectively. Users of Chinese taxi-apps are expected to number 45 million by 2015, and local […]
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Uber’s Asian Competitors Consolidate Under SoftBank
As Uber comes under fire both at home and abroad, Alibaba’s largest investor SoftBank has spent US$250 million in the taxi-app GrabTaxi, adding the South-East Asian front runner to a portfolio which already includes both China and India’s strongest taxi-app competitors. The deal makes SoftBank the biggest investor in GrabTaxi, which now spans six countries […]
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Xiaomi Leads $37M Investment in Chinese Peer-to-peer Lending Site JimuBox
JimuBox (Jimu means building block in Chinese), an online peer-to-peer lending service, announced today it has raised US$37.19 million in Series B funding led by Xiaomi Corporation, the Chinese smart device and Internet service company, and Shunwei China Internet Fund, a venture capital fund co-founded by Xiaomi CEO and co-founder Lei Jun. Other investors joining this […]
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Top VCs on Tech Trends in China: Takeaways from 2014 TechCrunch China Conference
Hans Tung, Managing Director at GGV, Ji Yue, Partner and Managing Director at Sequoia Capital China, Li Feng, IDG Capital Partners, and Zhu Lin, General Partner at Gobi Partners, joined our 2014 TechNode/TechCrunch China event that shared their insights on China tech scene. Here are my takeaways, — There were way many more investments happened in the first half of […]
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Korean Online Travel Site Zaiseoul Taps Already-crowded Chinese Outbound Tourism Industry with Localized Services
Chinese online travelling sites focused on overseas tourism services are going to face fiercer competition in an already-crowded market, as their foreign counterparts are poised to take a bite of the cake. Started as a travel magazine offering monthly insights to Chinese backpackers to South Korea, Zaiseoul is an online travelling site providing tourism services to Chinese […]
