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Xiaomi plans to open 20,000 more offline shops in China in three years

Chinese smartphone maker Xiaomi plans to open 20,000 more offline shops throughout China in the next three years, expanding its presence in lower-tier cities and towns, according to Lu Weibin, Xiaomi’s partner and vice president. Lu said new Xiaomi stores will be bigger and may sell Xiaomi’s electric vehicles (EVs) in the future. The company announced an EV subsidiary in March. [China Securities Journal, in Chinese]

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Rumor: Sina Weibo to Launch Membership Service

Sina Weibo will be launching membership service which will give paid users access to premium features like personal page customization and so on, a move highlighting Weibo’s efforts in monetizing its offering as Sina is under stress from weakening ad sales. As the company’s latest earnings report shows it lost US$ 13.7 million in the […]

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Weibo, the Infomation Center or Game Center?

Together with Weibi, the virtual currency, the Game Center of Sina Weibo was launched early this week. The first invitation I got was from Season Xu, the co-founder of Five Minutes which is the producer of Happy Farm that really smashed Chinese social gaming industry back in 2009. Five Minutes is the first to launch […]