Lily Ren, Author at Pandaily

Meituan Arranged Car-Hailing Service and Didi will Try Takeout Delivery Business

Two Chinese online life service giants have stepped into the car-hailing business. Ctrip, a leading provider of travel services, launched car rental business together with Didi, Shouqi Group and AA Car Rent. At the same time, Meituan.com, a Chinese group buying website, launched a taxi service in seven cities.

Didi Raised Another $4B, Valuation Exceeds Uber

Didi’s two rounds of financing in 2017 totaled between US $9.5 billion and $10.5 billion. According to a Renaissance Capital report, there were 37 science and technology IPOs in the US that attracted $9.9 billion in financing in 2017. That would mean Didi’s total capital raised this year is more than the total technology IPOs […]

Huawei to Enter US: Aims to Displace Apple as Second Largest Phone Maker

Huawei reached a deal with AT&T to sell Huawei phones through the US operator’s channels in the first half of 2018, Chinese media reported in August. Recently, Yu Chengdong has confirmed Huawei will formally enter the US market in 2018.

Baidu Names Top Searches of 2017: iPhone X, Unmanned Driving on the List

2017 is coming to an end and it’s time to review the year. On December 18, the world’s largest Chinese search engine Baidu released a list of the Top Trending Searches of 2017, which is the best way to understand Chinese netizens’ “collective memory” and “online life” during 2017.

Tencent Security Team: Google AI Learning System Has Major Security Holes

Tensor Flow, Google AI learning system, had significant security flaws. When using this system to edit the AI scenarios, it is likely to suffer malware attacks, according to Tencent’s Blade Team, the company’s security platform department.

Alipay, WeChat Pay Enter Southeast Asia and Local Mobile Payment Market

Ant Financial announced in Hong Kong that four local wallets in Hong Kong, Thailand, India and the Philippines – Alipay HK, Paytm, GCash, and Truemoney – participated in the Double 12 Shopping Festival for the first time.

BYD to Open Electric Truck Factory in Canada

BYD announced it would build an electric truck factory in Canada, which will be its first electric car assembly plant in Canada. The electric truck plant is scheduled to be put into operation next year.

China’s Gaming Industry Hits 220B Yuan, Accounts for 28% of Global

The China Culture and Entertainment Industry Association released a report on the development of the Chinese game industry in 2017. The domestic game market has improved steadily over the year, but the growth rate has dropped and the game market is unevenly distributed.

Tencent Puts Huge Investment in YH Super Species, Strategic Challenge to Alibaba’s Hema

Alibaba is aggressively deploying its new retail business. Fresh Hema has established the entry barrier in terms of business model. JD.com and Meituan are both making small steps forward. This collaboration between Tencent and Yonghui will be a new variable for the industry.

Pony Ma: ‘Too Much Competition With Jack is Annoying’

“Jack Ma and I have known each other for many years, since the time when we were still underdogs. Now our competition is omnipresent in the Internet industry.”

JD.com to Invest 10 Billion Yuan in Changsha’s Driverless Car

China (Changsha) Intelligent Manufacturing Summit witnessed the signings of 14 major project contracts with a total investment of 34.3 billon yuan, on December 6. Among the investments was 10 billion yuan from JD.com for the Changsha Economic and Technological Development Zone.

The Richest Man in China Now Is No Longer Jack Ma

Just recently, Pony Ma surpassed Jack Ma as being China’s richest man! According to Forbes recently updated real-time rankings statistics, Pony Ma’s personal net assets have reached 36.9 billion USD, ranking him 18th in Forbes listing of the richest people in the world. For the first time, he has surpassed the founder of Alibaba, Jack […]

Will unstaffed convenience stores bring about the revival of offline retail stores?

The new business of opening up unstaffed convenience stores was suddenly a hot topic recently. Startup companies flocked to the idea; industrial big names and business giants are also gearing up, eager to take a shot at the business. In December of 2016, following Amazon’s opening of its first self-driving grocery store in Seattle—Amazon Go, […]

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