Huawei has at least three departments studying and exploring Web3, and the HarmonyOS team is one of them. Before Huawei, Samsung and HTC have already worked on Web3, successfully combining it with their own smartphone hardware.
2017 was a great year for short video apps in China. Domestic competition was fierce, it became a Red Ocean for investors, and the Chinese market became too saturated, companies gradually turned to overseas emerging markets trying to replicate miracles under the Blue Ocean strategy.
LeEco founder Jia Yueting is welcoming his second white knight after investments by Sun Hongbin, billionaire real estate developer and the founder and chairman of Sunac China Holdings. This white knight came with 300 million U.S. dollars in hand.
Recently two major Chinese video websites completed their listing in the U.S.: Bilibili and iQIYI. Although these two companies all belong to the same industry, they have different business models and different values.
On April 2, Alibaba Group joined hands with Ant Financial in conducting the buyout of Ele.me at $9.5 billion. The Vice President of Alibaba Group Wang Lei will serve as the CEO of Ele.me, and there will be no differentiation between the teams of the two companies.
HTC has been unprofitable for 15 consecutive quarters. Still, some bright spots include when HTC surged after a loss record in Q4 2017.
On March 26, at the annual session of China Development Forum (CDF) 2018 in the Diaoyutai State Guesthouse in Beijing, Robin Li, Baidu‘s chairman and CEO, spoke in the session called “Navigating future development through innovation: insights from business leaders.”
A city is not only a division of geographical location, but also a competitive entity for new technology. When a new technology emerges, there will be local adoption that creates new urban economic growth factors and a new perception of the city. For major cities, blockchain is a rare technical gift.
After a chilling 2016, the capital markets became more rational in 2017. The overall trend remains unclear, but investors seem willing to back projects that show clear rewards. This has led to broad heavy investment, creating more unicorns than previous years.
When talking about Lei Jun, people are as likely to mention his role in Xiaomi as his history as an investor. Lei Jun has already invested in numerous Internet companies. In 2018, Xiaomi is continuing its path to a public listing. 2018 is on track to be the “capital year” for Lei Jun.
Alternative energy vehicle were under the spotlight in the Chinese market during 2017, with a total sales volume of 777,000, a year-on-year growth of 53.3 percent. Blade electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) show a year-on-year growth of 82.1 percent and 39.4 percent respectively.
The founder of VIPKID, Mi Wenjuan has a mixed disposition that fuses the elite with the underworld.
Robin Li appeared on the cover of Time (Asia Edition). And the magazine cover photo was quickly spread in WeChat Moments on the early morning of January 19. This moment motivated Baidu, as this is the first time that a Chinese Internet entrepreneur has appeared on the cover of Time.
Xiaomi may be the most shining Internet company of 2017. Relying on Mi MIX 2 and eco-chain, the brand has won back fans and cultivated a good reputation. Xiaomi‘s mobile phone sales are back in the world’s Top 5 and it met a sales target of hundreds of billions yuan two months ahead of schedule. […]
Media were impressed with the 80-million-yuan lavish launch event for the ES8 in Wukesong Venue. There is no doubt NIO raised more investment and spent more money than any other automotive start-up in China. Since its establishment, NIO has raised more than US $2 billion.
“I regret not having entered into China’s market earlier. Now, I can hear vibrating sounds everywhere making me uncomfortable,” said Louis Yang, founder of Musical.ly, a social network with short-form videos, on October 10 at the GGV Evolving Lifestyle Conference.
On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The […]
In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]
Apple does give in on its tipping tax policy. On April 19th, wx-pai, Tencent’s official WeChat account, posted two notices in succession saying that the tip function of iOS’s WeChat platform will be closed. This news led to public guesses about the reason behind Tencent’s action. The widely acknowledged one is WeChat’s official explanation: According […]
Under Tencent’s Internet expansion strategy, the company’s WeSing (lit. Karaoke for Everybody)—a karaoke app that wasn’t heavily invested in—became surprisingly popular. Aside from being relatively popular on the market, this free karaoke app has become the true embodiment of “making a fortune silently”. Li Chun, the managing director of the app, said there are already […]