Forget QR codes, China’s next favorite payment method is your face

The launch of Apple’s new iPhone X equipped with tech that turns your face into a poop emoji seems to have left China’s consumers less than impressed. This shouldn’t surprise us—authentication through facial recognition and other biometric features has been gaining traction in China for quite some time. From fighting toilet paper thieves with dispensers equipped with facial recognition to…

China online retail sees rapid growth in the first half of 2017

In June 2017, the total retail sales of consumer goods in China reached RMB 3.9 trillion ($440 billion), up by 11.0% year-on-year, China Internet Watch is reporting. That is approximately the same amount Greece was loaned over a five year period for its bailout ($440 billion), meaning the amount of money Chinese consumer spent on consumer goods for one month equals what Greece spent in five…

Pony Ma: Tencent is building networks to connect people, things, and intelligent devices

At today's Tencent 2018 “Cloud + Future” Summit in Guangzhou, CEO Pony Ma introduced his new vision for the Tencent Cloud platform, dubbed the “three-net” concept (三张网), local media is reporting. The essence of the concept is to build up the "three nets"—IoP (Internet of People), IoT (Internet of Things), and IoI (Internet of Intelligence)—within the Tencent ecosystem.Pony Ma at Tencent 2018…

WeChat mini programs 1 year on: Key figures and trends

January 9th was WeChat mini program system's first birthday. Throughout its first year, some startups picked it up and developed their own mini programs. There is now an ecosystem of mini programs. The advantage the small, light programs have is that WeChat users don't need to download anything, they just start the mini app from within WeChat, saving time and memory space on the phone.At the…

4 take aways from 34 new Chinese unicorns in 2017: IT Juzi report

A "unicorn" refers to those companies less than 10 years old and valued at $1 billion or more. There were 34 Chinese new unicorn companies in 2017 that match these conditions, according to a new report released by Chinese startup database IT Juzi (IT桔子).In the first half of 2017, rental economy startups gained prominence with bike rentals, power bank rentals, and got pretty silly with…

We tried Starbucks Roastery’s AR game, and this is what we think

The practice of drinking tea has a long history in China, having originated there during the Tang Dynasty. But in 2017, the practice of drinking coffee could be adding a new chapter to its history in China.For those living in Shanghai, last week's WeChat Moments were filled with Shanghai locals posting pictures and selfies in the new Starbucks Reserve Roastery, which opened its doors on…

TechCrunch Shanghai 2017 | The Cheat Sheet (and some free tickets)

This year, TechCrunch Shanghai will be held from the 25th -28th November 2017, at Mixc Shanghai. Registration is by the office building on 1799  Wuzhong Road, near Zhitung Road Station, 3rd exit.To date, the TechCrunch summit has been held in China 7 times. Between 2013 and the first half of 2017, more than 50,000 people have attended these events. Past guests include Google's global CEO…

3 industries in China you should be paying attention to

First off, China is a fascinating and amazing place full of opportunity, innovation, and a lot of people. I mean a lot of people. Over 1.3 billion to be exact.There is so much going on at any given time, it’s hard to keep track of it all. Lots of people see China as just a manufacturing hub with lots of products being built there, but China has a lot more going on other than manufacturing.……

Here are 4 new retail spots you can visit in Shanghai

New Retail is the trend in China right now. Before November 11st Singles' day, a day when Chinese spends the most in a year, Chinese e-commerce titan Alibaba flexed its muscles on both online and offline channels. We will tell you four destinations in Shanghai that you can visit to get a glimpse of China's fast changing retail stores.Fresh food? Go to HemaHema (Image Credit: TechNode)…

Alibaba vs JD: Getting Singles Day packages to your door

For the past few weeks, Chinese e-commerce titans have been racking their brains as the year's largest shopping spree, Singles' Day is fast approaching on November 11. This isn't just a competition of who has the best marketing stunts or the biggest subsidies for vendors; the life and death of the online retailers also depend on those who deliver the parcels safe and on-time.This year's Singles…