His position at the company has yet to be announced, though speculation suggests he could take over Meitu’s hardware business.
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Sina Weibo Virtual Currency Information Leaked, One Weibi is Worth One Yuan
We have reported the rumored Sina Weibo’s virtual currency, Weibi. There is no official announcement from Sina so far on how and when Sina Weibo will introduce its e-commerce system. But, interesting enough, Sina just updated its development document which leaks the information about its Weibi currency. Here is how Weibi is defined in the […]
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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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Lei Jun steps down as China chief in Xiaomi leadership reshuffle
Xiaomi has ceded significant share of China’s smartphone market since May, when Lei took over as president.
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Maoyan, Tencent move further into entertainment as movie-goers wane
China’s burgeoning entertainment market is attracting attention from tech giants.
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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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[LAUNCHPAD] Yikuair, a Marketplace Leveraging the Power of Social Media
Founded in early July of last year, Beijing-based Yikuair (or 一块儿微集市) is trying to leverage the power of social media to reshape the online marketplace. Being the first and as of now the only company to build upon Sina Weibo’s virtual currency Sina Weibi (新浪微币), Yikuair has developed a marketplace combining social, local, mobile and […]
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Anatomy Of New Sina Weibo, Is It More Than a Microblogging Site?
Whether you like it or not, Sina finally rolled out the new look of its Weibo to a small group of users. Like other typical Chinese web site, the page is now fully packed with menus, information and links. For the readers who are interested in the new layout but don’t read Chinese, here is […]
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Now You Can Do eCommerce Directly on Sina Weibo, 360buy is the First Trier
Sina Weibo wants to be not only a game platform, but also an eCommerce platform. 360buy today announced its strategic partnership with Sina Weibo, become the first eCommerce partner who can sell products directly on its official weibo account page.
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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 […]
