After a year that saw the burgeoning entrepreneurship cutting across China in 2011 and a following year that tasted the backlash in 2012 — painfully leads to the termination of venture capital spree in addition to the shutdown of innumerable failures, we are now at the end of 2013 and looking back at a year […]
Search results
Posted inNews
Chinese Online Retail Giant JD Acquiring Last-minute Hotel Booking Service Hotelvp
JD.com (formerly 360Buy), the leading online retailer in China, reportedly has acquired last-minute hotel booking app Hotelvp. Deng Tianzhuo, CEO of Hotelvp, will join JD as vice president. Mr. Deng confirmed the news saying it hasn’t been completed yet. The app for iPhone, Android phones and Windows Phone 7 offers hotel rooms that are available for […]
Posted inNews
What’s Behind the 16 Chinese Tech IPOs in 2013
Overall 16 Chinese Internet companies launched IPOs last year, up from only 7 cases in 2012, according to report released today by Chinese startup database ITjuzi. According to the report, U.S. stock market is still the top option for Chinese Internet companies to go public, despite some foreign financial research institutions are bearish on their prospects. […]
Posted inNews
Tech in China 2013: Chinese Tech Stocks Recovering?
Two Chinese tech stocks SouFun Holdings Ltd. (NYSE: SFUN) and Qihoo 360 Technology (NYSE: QIHU) ranked No. 2 and No. 4 respectively of the top 10 best-performing tech stocks by total return in the US stock market in 2013, according to this Forbes post published on December 23th (The writer doesn’t believe there will be any […]
Posted inNews
Tech in China 2013: Chinese Internet Giants Shopping Crazily
The old story: Big Chinese Internet companies would, rather than buy or invest in startups, hire a bunch of engineers to build products on their own or do pixel-to-pixel knockoffs. Big names like Tencent are notorious for killing startups by doing so, with better products or the ability of converting existing users. Recognized reasons include […]
Posted inNews
Tech in China: Boom of Taxi Apps in 2013
Technology developments have given rise to new solutions for urban transportation. Taxi apps gained popularity quickly in Chinese market this year, attracting sizable investments from leading venture capitalists and Internet companies. The leading ones include Beijing-based Didi Dache, Hangzhou-based Kuaidi Dache, Beijing-based YaoyaoZhaoche, and Shanghai-based Dahuangfeng. DidiDache received $15 million of funding from Tencent at valuation of […]
Posted inNews
Taxi Apps DidiDache and KuaidiDache Buddy Up with OTA Ctrip for Larger User Base
DidiDache and KuaidiDache, two leading domestic taxi apps, join hands with OTA Ctrip to embed their services in the newly launched 5.2 version of Ctrip’s mobile app (report in Chinese). After opening either of the apps via Ctrip app, the service will locate the starting point of users automatically. Customers only have to input their […]
Posted inNews
Korean Founded B5M Bets Big on Shopping Search in China
Few investors would like to invest in the first shopping search engine Yin Rujie founded in the U.S. in late 1990’s. Investors he approached back then argued that e-commerce sites wouldn’t let him index items on their sites for price comparison. Mr. Yin finally managed to raise some funding and later on founded another shopping search […]
Posted inNews
Baidu Invested in and Became Largest Investor of DigiOne, Cellphone Direct Distribution Service
Baidu invested in and became the largest investor of DigiOne, a mobile Internet service which distributes cellphones to nearly 70,000 cellphone stores (report in Chinse). DigiOne have secured Series A financing from Shenzhen Capital Group and ZSVC in 2011. Founded in 2006, DigiOne distributes small amounts of cellphones to small- and medium-sized stores directly, lowering the retailing price of smartphones at […]
Posted inNews
Mobile Karaoke App Changba Announced 100 million Users,Will Launch A Version for TV
Mobile Karaoke App Changba has had 100 million registered users and 30 million monthly active accounts, Chen Hua, founder and CEO of it, disclosed at the company’s annual event today. It’s been no more than one and a half years since its launch. As I called it the startup star of 2012 in China, the mobile Karaoke gained […]