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Posted inNews

Alibaba and Tencent founders are now China’s richest people

Founders of two Chinese tech giants are now the richest people in the country, according to latest estimates by Forbes. Jack Ma, Chairman of Alibaba Group, unseated Wang Jianlin of Dalian Wanda Group, China’s largest real estate developer as well as the world’s largest movie theater operator in May to become China’s richest person. As of July 21, Ma has a net worth […]

Posted inNews

Self-balancing scooter Ninebot is now working on AI robots that can queue up for you

The original article appeared in Chinese on our sister site TechNode Chinese. China’s smartphone manufacturer Xiaomi released its latest self-balancing scooter, the Ninebot Plus with an RMB 3499 ($514) price tag on June 28th, two years after launching the Ninebot Mini. For the first time, Ninebot is using radio positioning technology for consumer products, with new remote controls that can […]

Posted inNews

Can VR karaoke save the flagging KTV industry?

When karaoke machines first appeared in Japan in the 1970s they were considered an expensive fad. Almost 50 years later, KTV is one of Asia’s favorite pastimes and in China, it is already absorbing the newest trend in entertainment – virtual reality. VR arcades have been popping around China’s cities on a massive scale, and […]

Posted inNews

Vivo becomes official World Cup sponsor until 2023

Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal. China’s smartphone maker Vivo will become an official sponsor of the FIFA World Cups 2018 and 2022 to be […]

Posted inNews

China Funding Daily, May 16th,17th and 18th: Live streaming, AR glasses and AI

New fundings in China on May 16, 2017 Bona Film Group (博纳影业), a 16.5-year-old, Beijing-based film distributor, has raised RMB 300 million in a strategic investment backed by Wanda Cinemas (万达院线). E-date (易悦), a 3-year-old, Guangzhou-based social-networking app targeting elites, has raised RMB 20 million in Series Pre-A funding from undisclosed investors. Xiaoxiongjita (小熊吉他), a […]

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