Matt and John try to understand the recent (and not so recent) moves by China’s internet giants into offline retail. Links Alibaba to invest $4.6 billion in China electronics retailer Suning JD vs Alibaba: The war for China’s fresh food Alibaba is revamping China’s offline retailing through a bottom-up approach Tencent to challenge Alibaba’s new […]
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Node Worthy 17: AI, blockchain, and Tencent’s move into the offline world
This week we talk the recent EmTech China conference, AI, blockchain, and Tencent’s move into the offline world. Download this episode Links Blockchain buzzwords, changes, and challenges: EmTech China blockchain panel EmTech China reveals what jobs will be left for humans after AI takes over Tencent may invest in Carrefour China as internet giants extend […]
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Alibaba is revamping China’s offline retailing through a bottom-up approach
Alibaba’s expansion to brick-and-mortar stores started two years ago with a series of investments and acquisitions that worth as much as US$8 billion. To strengthen the offline foray, the Chinese e-commerce giant, which earns hefty profit margin because it does not hold inventories, is rewriting its asset-light model by opening Hema Xiansheng brand and Alibaba […]
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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 […]
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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 […]
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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 […]
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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 […]
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What Panda TV’s 1 bln RMB series B means for e-sports and live streaming
Panda TV (熊猫直播), a Shanghai-based game streaming website, has raised RMB 1 billion in series B funding (in Chinese) led by Industrial Innovation Capital Management (兴业证券兴证资本), causing a stir in the sector. The funding is the largest the live streaming service has raised since it was founded two years ago by Wang Sicong, the only son […]
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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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Jack Ma doubles down on Alisports with RMB 1.2 billion funding
Alisports (阿里体育 in Chinese), the sports arm of Chinese e-commerce giant Alibaba, has reportedly landed a series A worth more than RMB 1.2 billion, as part of its efforts to beef up its presence in the country’s burgeoning sports sector, local media is reporting (in Chinese). The funding round, led by Yunfeng Fund (Jack Ma’s VC […]
