Recently China Internet Network Information Center (CNNIC) released the 40th China Statistical Report on Internet Development (hereinafter referred to as "Report") in Beijing. The Report shows that by June 2017, the number of Internet users in China had reached 751 million, accounting for a fifth of global netizens. The Internet penetration rate was 54.3%, surpassing…
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…
According to the official website of the Ministry of Commerce, in its recently released The 2016 Retrospect and Prospect of China's Domestic Trade Development, MOFCOM praises JD Logistics, Rookie Logistics and a number of other modern logistics enterprises as they adopt informationized and intelligent means, innovate cooperation modes and constantly improve the efficiency of logistics…
Within about 20 minutes, Devin had placed an order on Tmall and purchased a new car by using the "auto vending machine." Because his Sesame credit is higher than 750, the credit approval process takes merely a few seconds to complete, can begin making the downpayment for 10%, and the new car can be driven…
For a long time, in IDC, Gartner, Strategy Analytics and other rankings of global mobile phone shipments, Xiaomi didn’t rank top five. Looking through the previous information, you can see the last time Xiaomi entered the global top five was in Q2 last year. According to Gartner, at that time, Xiaomi had 15.53 million shipments,…
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,…
According to a Caijing report, after Baidu Waimai (the food delivery unit of Chinese search engine company Baidu Inc.) discussions with S.F. Express (SF) were called off, Baidu Waimai maintained financial connections with Ele.me. Negotiations between both parties are now reaching a close, and if everything goes smoothly, results will be released within 2-3 weeks.…
Frankly speaking, I do not quite agree with the view of Elon Musk's that "AI will destroy humanity". I have specific views about five areas: AI is just a tool and far from superintelligence. Based on my work experience in the research, development and investment of the AI field over the last 37 years, such…
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…
Sharing economies are becoming more and more daring and imaginative in China. Besides the already existing shared bicycles, basketballs, umbrellas, portable batteries, you can even "share" bedrooms now. Lately, the concept of “shared sleeping capsules” have emerged in Beijing, Shanghai, Chengdu and other cities. Beijing-based Xiangshui (means shared sleeping) Space is a self-service resting pod…
According to recent news, starting July 17th, passengers taking the G and D EMU (electric multiple unit ) trains will be able to make meal orders through the 12306（China Railway Corporation's official website) and its mobile app. After completing an order on the app, the on-train staff will deliver the meal to the designated passenger compartments…
The future will be an era of robot deliveries and it will be unnecessary for couriers to work no matter rain or shine, according to Richard Liu, founder and CEO of JD.com Group. JD.com and Lenovo on July 20 announced a big data strategic collaboration, but did not disclose any details at the Lenovo Global…
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…
Chinese shared parking startup Airparking announced the recent completion of their Pre-Series A round financing worth about millions in RMB. This was an exclusive funding from SAIF Partners and the registration of industrial and commercial changes were done as well. This is the second round of financing for Airparking since their last funding from an…