The company reportedly inked the deals at 10% to 20% below the going price for acquiring new users.
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Posted inOn the Cusp
Briefing: JD.com-backed electric vehicle company denies production problems
The JD.com and Wanda-backed group has suffered rumors of production problems.
Posted inOn the Cusp
Weibo’s raffle algorithm under scrutiny for bias against men and Android users
Chinese social media Weibo comes under fire for the loopholes in lottery drawing algorism.
Posted inOn the Cusp
Briefing: Invictus Gaming wins first League of Legends Worlds title for China
Chinese public attitude towards gaming no longer sees it as a waste of time.
Posted inOn the Cusp
PandaTV says its not dead and will file for an IPO this year
“We are not dead, and PandaTV is about to profit,” PandaTV’s Chief Operation Officer Zhang Juyuan told local media.
Posted inWith Chinese Characteristics
China’s tech is addicted to debt
China has become addicted to debt. Now, its tech industry is hooked too.
Posted inViews
BYD and why we can’t help but be skeptical of Chinese companies “going global”
The specter of recently failed expansions now haunts all globalizing Chinese firms.
Posted inEvents, Up and Comers
“Many Chinese VCs will die”: Incubation and acceleration at TechCrunch Hanzhou
The vibrant Chinese tech and startup ecosystem is attracting huge attention from investors and institutions hoping to grab a place in the heated innovation competition. According to Crunchbase’s latest analysis, in the second quarter of 2018, Chinese startups raised 47% of all reported VC dollar volume whereas North American companies raised 35% of the whole pie. […]
Posted inWith Chinese Characteristics
China’s entertainment and culture industry is quickly realizing the power of IP
Reading entertainment news and content economy business insights published by Chinese media, it’s not surprising to see the direct use of the term “IP” (in Chinese). This intellectual property’s abbreviated form in Chinese context now refers to concepts of authenticity, brands, characters, stories, and even prototypes of ancient myths. Major entertainment and cultural players are […]
Posted inNews
Tencent shows off their vision for the future of unmanned retail
As “new retail” changes from jargon to oft-used phrase, Tencent has thrown their hat into the ring. However, they don’t plan on opening their own stores (the WeChat pop-up seems to have been exactly that). Rather they want to be the foundation to help the retail industry achieve two goals: the digital upgrade of stores and […]