CategoryIndustry

At a time when Chinese enterprises are focusing on smart home technology and intelligent speakers, Sogou, a subsidiary of Internet company Sohu Inc., is turning to voice technology to enhance map usability. Sogou Maps, a popular Chinese mapping service application, on Tuesday launched an "intelligent co-driver" system which allows voice interaction during car journeys, liberating…

On July 6, Chinese bike-sharing start-up ofo announced a 700 million dollar funding round. The Series E funding was led by Alibaba, Hony Capital, and CITIC Private Equity, with additional investment from current investors Didi Chuxing and DST Global. CEC Capital served as the exclusive financial advisor to ofo in the transaction. This news is…

Machines cannot take away translators' job completely, but it plays its role in providing translation service by “matching” the right words. How big is translation market? Zhou Feng, CEO of NetEase Youdao (网易有道), estimated it is a 40-billion RMB market. According to the 2016 China's Language Service Industry Development Report, the value that China's language…

This was the first good news that came across after Xiaomi CEO Lei Jun was, once again, in control of the supply chain. On July 7th, Lei sent out an internal e-mail, announcing the sale of Xiaomi mobile phones during the second quarter of 2017 reached 23.16 million units, ranking this number a historical high…

Chinese search engine company Baidu announced their autonomous car software will be free for download, with the aim to collect data and attract more users to their open-source AI platform. The announcement was made on July 5 during their "Baidu AI Developers Conference" (Baidu Create 2017). Baidu Founder Robin Li had made quite a stir…

Beijing Metro announced a partnership with the Beijing Municipal Administration Traffic Card to launch mobile swipe-to-ride service on June 26. The first phase will will see NFC subway payment available on the subway's Fangshan Line. Some 160 NFC-capable mobile phones by brands such as Xiaomi, Huawei, Samsung, Nubia, OnePlus and Meizu will support the new…

Hundreds of workers in bright yellow uniforms assemble small yellow bicycles at the Tianjin Flying Pigeon bicycle factory on May 19. The workers hurriedly attach the wheels and gears to each frame, and every 15 seconds a new ofo unit is born. Workers at the end of the line load each new bike into cardboard…

JD's  (京东)closing price on June 26 was $43.08, raising their total market value to $61.149 billion. They are quickly approaching to Baidu's total market value of $61.973 billion at the time, thus threatening the existing group of tech giants BAT: Baidu, Alibaba, and Tencent. In comparison, Baidu is lagging behind the other two in terms…

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…

Anything is possible in business. The “Sharing economy” has penetrated into every aspect of life: sharing bicycle, sharing umbrellas (which though proved to be a failure within only one day.) What are the problems behind this seemingly endless economy model? And where do we go from here? 2016 truly was the year of “sharing economy".…

The more you try to do, the more enemies you’ll make. Meituan Dianping has learned this lesson through experience. In its early days, the company organized discounted group purchases; later on it became an online movie ticket retailer. Over the years it also tried its hand at takeout, catering and travel services. More recently, Meituan…

Yesterday OnePlus launched their new flagship device OnePlus 5. Here is an interview almost 3 years ago with OnePlus founder Peter Lau, at that moment their first generation product OnePlus One just made its debut. Recently, the British magazine “Connect” published the following: “What the Moto G did for the budget end of the market,…