TMTPOST, Author at Pandaily

Global Smartphone Shipments Fell by 2.9% in Q1, China Fell Below 100 Million Units

On the evening of May 2, the market intelligence company International Data Corporation (IDC) released a report stating that the global smartphone shipment in Q1 of 2018 was 334.3 million units, a decrease of 2.9% from 344.4 million units in the same period of last year.

Xiaomi Set to IPO in Hong Kong: World’s Largest IPO Since 2014

According to the Stock Exchange of Hong Kong Limited (SEHK) today, Xiaomi has officially submitted their IPO application documents. Xiaomi is expected to become the first company listed in the Stock Exchange of Hong Kong Limited with a dual-class share structure.

Byton: Two German Expat’s Chinese Electric Vehicle Dream

At the 2018 Beijing International Automotive Exhibition this year, new car manufacturers Nio, Byton, Weltmeister and Singulato had their new production cars on display to rival the traditional car manufacturers.

Meitu revenue surges while user activity drops.

Meitu’s 2017 financial report showed a surge in revenue. The internet business segment achieved full-year gross profit and single quarter net profit. However, user activity, the most important core indicator of an app’s performance, has fallen sharply, which may be detrimental to its future development.

JD Logistics Raises $2.5B, Largest in China’s Logistics Industry

JD Group announced that it has raised $2.5 billion by selling stake in JD Logistics. After the transaction completes, JD Group will hold 81.4 percent of JD Logistics equity.

Byton Cooperates with Aurora to Put 100-200 Automatic Driving Cars in San Francisco

Byton announced a reach strategic cooperation with Aurora, an automatic driving technology company. In the next two years, Byton and Aurora will carry out pilot projects, jointly develop automatic driving technology on Byton cars and will deploy 100 to 200 automatic driving vehicles in the San Francisco Bay Area.

China’s Smartphone Shipments Fell for First Time in 2017, Down 4%

Data from Canalys showed that China’s smartphone market has stagnated and smartphone shipments fell for the first time in 2017.

Unmanned Markets Fold as Industry Consolidation Kicks Out Dreamers

Small players’ dreams are nothing compared to the strategic needs of giants: the fiercely competitive market has no tolerance. It’s only a matter of time before those players will be driven out.

Games Land in WeChat Mini Programs After Being Shot Down a Year Ago

When Allen Zhang, father of WeChat, sat down to explain WeChat’s new Mini Programs on December 28, 2016, the question every developer wanted to know was whether Mini Programs could be used to develop games? Zhang’s answer was simple and straightforward: “Not for now.”

Tencent and JD.com Become Vipshop Shareholders with $863M Investment

Tencent, JD.com and Vipshop announced that Tencent and JD.com would invest US $863 million in Vipshop. After investment, JD.com is making a leap toward its goal of “selling clothes on JD.com”.

Lenovo Sells Off R&D Center in Wuhan for 1.24 Billion Yuan

Is the frequent selling of buildings due to a lack of corporate competence or intense market competition?

Geely Chairman Says Flying Cars to Launch in 2019

Li Shufu said Geely, Volvo and other car companies are jointly developing an open electric model under the code PMA. “We’ve learned from Google’s Android, and PMA’s pure electric module is open,” Li said.

Sogou Files IPO in U.S and What’s the New Story to Tell

Sogou will go public in the U.S. and take a big step forward. Yesterday, Sogou formally submitted its prospectus to the U.S. Securities and Exchange Commission. Sogou plans to raise up to 600M dollars through IPO. If all goes well, Sogou will be another eye-catching listed company this year after Snap, MuleSoft, Yext, Carvana, Cloudera […]

Tencent Starts Internet Insurance Business

According to the official website of the China Insurance Regulatory Commission (CIRC), Weimin Insurance Agency was approved to operate insurance agency business. 57.8% of its share is held by Tencent. The businesses that CIRC approves Weimin Insurance Agency to operate are agents selling insurance products, charging insurance premium, the loss survey and claims related insurance […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

Chinese Street Culture in Fashion Brand Business

Abstract: For Chinese fashion brands and young people, it takes more time to develop from business to hip-hop and street culture driven by strong culture. Causeway Bay in Hong Kong, Brooklyn in New York and Harajuku in Tokyo are all local landmarks, birthing fashion brand business worth billions of dollars. In China, there is place […]

Lei Jun says Xiaomi is a retail business and the goal is to be another MUJI

“I believe for most people, the “MI” brand is quite familiar. But few of them know Xiaomi well.” Lei Jun said so in a public speech on August 31. On August 31, at 2017 China Consumption Transformation and Upgrading Summit held by Shanghai International Business Conference, Lei Jun delivered a speech named Enhancing Efficiency is […]

Didi Chuxing, Taxify to Cooperate in European, African Markets and Intelligent Traffic

Didi Chuxing and Taxify, a mobile travel company active in the European and African markets, announced plans for strategic cooperation in investment, research and development today. Didi said it would support Taxify in expanding its market and developing technological innovations in diverse markets. Markus Villig founded Taxify in Estonia in 2013. In the last four […]

The Class Divide of Video Streaming in China: Village Cowboys VS. Urban Celebrities

In China, the tech world is rife with rivals. For bike sharing, there’s Mobike and ofo. For ride-hailing, there’s Didi and Uber (and we know how that turned out). And for vlogging and short videos, there’s Miaopai and Kwai. Much like Vine and Twitter, Miaopai shares a close relationship with Sina Weibo and can be […]

SF Express gets first China drone licence to deliver the goods

Although many domestic logistics and electronics giants are actively trying out UAV delivery (Unmanned Aerial Vehicle) today, none of them have been able to reach a stage of large-scale deployment. This is largely due to the supervisory pressure stemming from the regulatory guidelines of UAV usage. Therefore, getting authorized for UAV deployment has now become […]

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