Kevin Zhou, Author at Pandaily

More details about Alibaba’s investment in Cainiao

On September 25, in a bid to further fuel the progress of its “new retail” strategy, Alibaba announced that it intends to raise its stake in its affiliate—Cainiao Network and pledged 100 billion yuan investment in next five years to the logistics arm that had already received tens of billions yuan to expedite leading global […]

Writing Software Floods the China’s Internet

Yesterday, People’s Daily reported that plagiarism prevails in online novels and that a writer who suspected of plagiarism was found to have used material in writing software. According investigation, there are numerous stores selling writing software in Taobao. And many software storekeepers say that such software is used to assist novel writing but mainly, the […]

JD’s driverless trucks made their debut

On September 28, JD showed its latest products—driverless trucks. It is reported that this was the first time that Chinese E-commerce as well as logistics industries launched intelligent truck products, which were tested in the fixed road designated by the transport department. It is understood that JD’s two trucks, the new energy driverless truck EV80 […]

Shared Phone Charger Startups Closed Down One after Another

Shared phone chargers have attracted attention from the market, especially after Leo Chen, CEO of Jvyoumei（聚美优品）, invested 300 million yuan into AnkerBox (Anker街电), an enterprise that produces shared phone chargers. Also, “National Husband”—billionaire investor Wang Sicong’s bold statement that he would eat shit if shared phone chargers can succeed made this industry known to more […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

Alibaba Released a New Brand AliOS Entering Automotive and IoT Field

Alibaba Group announced the upgrading of its operating system strategy and launched a brand new AliOS whose slogan is to drive everything smart. The new Alibaba operating system will continue to increase its investment in the IoT field and IoT operating systems in automotive, IoT terminals, IoT chips and industrial areas. On September 27, Alibaba […]

Didi made a strategic investment to Renren Car

On September 25th in 2017, China’s leading second-hand car dealer Renren Car announced a new round of financing of $200 million to support its rapid expansion strategy. The strategic investor is the world’s leading travel platform Didi Chuxing. The two sides will also have all-round in-depth cooperation around the auto-industry, jointly build a new trading […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba‘s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

“Shared Girlfriends” are NOT part of the Sharing Economy

A few days ago Taqu launched a “shared girlfriends” project that attracted lots of attention, but was eventually fined and forced into suspension. Although we are in fact witnessing the dawn of the sharing economy era, it doesn’t mean that the concept applies to everything. Many are jumping on the bandwagon and slapping on the […]

Apple will build the second data center in China

Apple will build the second data center in China, located in Ulanchap, Inner Mongolia. The new data center has been named as iCloud Northern Data Center. As the host, Bu Xiaolin, Deputy Director and Chairman of Inner Mongolia Autonomous Region met with Isabel Ge Mahe (Ge Yue), Apple’s Vice President and Managing Director of Greater […]

Mobike Just Landed Washington, D.C.

On September 20, Mobike made its way to Washington, D.C., officially landing on the North American market. It also marks that Mobike featured Chinese creativity has entered the eighth country, which is a milestone in Mobike’s international expansion and leads Chinese innovation sail abroad. Washington D.C. welcomes the arrival of Mobike. The two sides worked […]

Miss Fresh Completed $230 Million Financing, focusing on the “Cloud Refrigerator” Strategy

Introduction: From IYIOU.com on September 20. Miss Fresh(每日优鲜), an e-commerce fresh product company, announced that it had completed $230 million dollars C+ round financing in March this year, with Tiger Global and Genesis Capital as leading investors and Time Capital as joint investor. This round of financing is mainly used for the expansion of storehouses […]

More splendid than Mix 2, Xiaomi’s Mi 7 will have the high-end all-screen display

This year Xiaomi launched Mi 6 and Mix 2 which enjoys good reputation and outperforms last year’s products both in sales and product features. Xiaomi’s flagship products launch event is about to end, next, Xiaomi will put its R&D focus on Xiaomi Mi 7, which will be released at the beginning of next year. Recently, […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Apple’s core chip tech is in the hands of an 86-year-old Chinese

Apple unveiled the new iPhone X at the Steve Jobs Theater at 1am on September 13. When it comes to Apple, the vast majority only know new products, Jobs, but few know that Apple’s “core chip” technology is in the hands of an 86-year-old Chinese American. On Apple’s website, the iPhone X introduced its processor […]

The patent disputes won’t trouble Mobike too much

On September 14, 2017, Shanghai Intellectual Property Court issued the first instance judgement on Hu Tao’s prosecution on Mobike (Beijing) Information Technology co., LTD. (hereinafter referred to as the Mobike) for its infringement of the invention patents. Mobike’s bike lock control system is out of the scope of patent protection and thus it doesn’t infringe […]

Beijing Tobacco Control Association Applauded Weibo’s Withdrawal of Smoking Emoji

Weibo withdrew the emoji that represents “cool” from the emoji stickers of its international version, indicating the phase-out of “smoking emoji” from Weibo’s mobile client and PC client. Beijing Tobacco Control Association (BTCA) applauded this act and urged Tencent to follow suit as soon as possible. “Ku” originated from “cool” of foreign culture, meaning “awesome, […]

The National Internet Finance Association of China says Bitcoin becomes tools in criminal activities

In recent years, the so-called virtual currencies, including Bitcoin, Litecoin, and various forms of tokens, have been traded in a centralized manner on several internet platforms. As such trading attracts more participants, related financial and social risks have reached to a level that cannot be ignored. In order to help the public correctly know about […]

Tencent and Alibaba Announces a Music Copyright Cooperation

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent […]

News of Bitcoin ban leads to underselling and bargain-hunting

After the Initial Coin Offering (ICO) was banned, Bitcoin receives another blow. On the evening of September 8th, news came that the supervisory authority decided to shut down the virtual currency trading platforms in China, which involves all the platforms between the virtual currency and legal tender represented by OKCoin, HUOBI and Bitcoin China. As […]

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