Alice Zhang, Author at Pandaily

Ofo Rode Out of Madrid, Available in Only Three European Cities in the Future

The bike-sharing company ofo announced it pulled its business out from the Madrid region in Spain, according to Chinese media. This comes after their recent withdrawal from Australia and Germany.

Logistics Platform 58 Suyun Finishes First Funding Round of $250 Million

The logistics platform 58 Suyun announced on July 12 the completion of its first round of fundraising of $250 million, led by InnoVision Capital.

Youku Releases 2018 World Cup Broadcasting Results, Outshined by Short Video Performance

Youku Tudou Inc. published on July 16 its performance data of the 2018 World Cup in Russia after broadcasting one-month football matches online as official new media partner of China’s central television station.

Booking Invests $500 Million into DiDi, Forging a Strategic Partnership

Didi Chuxing announced a strategic partnership on July 17 with Booking Holdings who will put an investment of $500 million into the Chinese mobile transportation platform.

Pinduoduo Plans to Raise a Maximum of $1.87 Billion in U.S. IPO

China’s new e-commerce platform, Pinduoduo, plans to raise a maximum of $1.87 billion through its listing on the NASDAQ Global Select section, according to its updated prospectus to the U.S. Securities and Exchange Commission (SEC).

Super-app Security Scandals: Meituan-Dianping and Wechat

Recently Meituan-Dianping and WeChat both came under fire for privacy and security related scandals.

Why the Baidu App Changed Its Slogan

Baidu Inc. recently added a new feature displaying information flow to its mobile browser app and changed the app’s slogan along the way. This is among the latest moves by Chinese tech companies merging key functions into their mobile application services.

EV Startup NIO Signs Cooperation Agreement with Robert Bosch

China’s electric vehicle (EV) startup NIO signed a strategic cooperation agreement with the German engineering and electronics company Robert Bosch GmbH on July 9. The agreement focuses on cooperations in the areas of sensor technology, automated driving, electric motor controls and intelligent transport systems.

Belgium Joins Alibaba’s Electronic World Trade Platform

Belgian Prime Minister Charles Michel met with Jack Ma from the Alibaba Group in Brussels on July 3 and announced Belgium’s participation in the company’s digital trade platform.

Mobike Launches Motorized E-Bike for Sharing, Refunds $150 Million

Mobike, one of the world’s largest bike-sharing companies, has just launched its new pedal-assisted electric bikes as well as a deposit refund plan at the launch event on July 5.

BYD to Deliver 100 Electric Buses in Chile

BYD recently signed a contract to supply 100 K9FE electric buses to Santiago, Chile, and the delivery will be completed by end November as announced on July 3.

Chinese Smartphones Half of World Unit Shipment, Samsung and Apple Still on Top

China shipped half of the world’s phone units in 2017, while Samsung and Apple remain dominant in the market.

Indonesia’s Lippo Has Poured $45 Million into Tencent

Lippo Group has invested 628 billion rupiahs ($45 million) into Tencent to contribute to the group’s digitalization, as the company mentioned in a statement on Monday.

China Unicom Pilots 5G in 16 Cities, Commercialization to Commence in 2020

China Unicom has started 5G pilot projects in Chinese cities and will proceed with commercialization of the new communication technology in 2020.

Trump’s New Tarriffs on $200 Billion Chinese Imports Deemed “Blackmail” by China’s MOFCOM

On June 18 evening (EDT), U.S. President Donald Trump announced another tarriff on $200 billion worth of imports from China; Ministry of Commerce in China responded immediately saying “it is blackmail and an extreme threat.”

Xiaomi Delays IPO in Mainland China, Hong Kong Plans Unaffected

Xiaomi announced its decision on Tuesday to postpone its listing process in mainland China while proceeding with original plans in Hong Kong.

Global Tech Companies Wary of Alibaba’s Disruptive Business Models

Alibaba tops the list to become the number one company that competitors are “most worried about” for their disruptive business models in the latest KPMG tech survey.

NIU Enters European Market with Two All-New Scooters

NIU has launched two all-new scooters, the M+ and N-GT in the Louvre Museum, Paris, on June 12. The scooters that have been specifically customized for the European market feature an enhanced riding experience with better safety aids.

Douyin Reveals User Numbers for the First Time

Douyin, the most popular short-video platform, announced on June 12 that its number of domestic daily active users (DAU) has exceeded 150 million.

Byton Debuts its K-Byte Self-driving Concept Sedan

Byton’s K-Byte concept debuted in Shanghai on June 12, and Byton, the Beijing-based startup has announced its product naming strategy for the first time.

Everything about China's Innovation