CategoryIndustry

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 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…

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…

Yaoyun Shi, a world-renowned quantum computing scientist, tenured professor of the University of Michigan and winner of Career Award, National Science Foundation, USA, has officially worked for Alibaba and now serves as the chief quantum technology scientist for Alibaba Cloud Computing Co. Ltd. Shi is another top scientist that works for Alibaba since the company…

In the afternoon of Sept. 11, Xiaomi released three products in Beijing, one of which is the highly anticipated full-screen second-generation product, Mix 2. The price starts at 3,299 RMB and the shipments start this Friday. Xiaomi CEO Lei Jun said that the Mix released last year by Xiaomi shook up the global tech media…

The Cyberspace Administration of China (CAC) issued the Regulations on the Administration of Internet Group Information Services, which will be implemented on October 8, 2017. With the rapid development of mobile Internet, the Internet group has facilitated people’s work and life and enhanced the spiritual and cultural exchanges. At the same time, however, some obscene…

Local authorities across China began rolling out new drone regulations. Wu Xi, a southeastern city in Jiangsu province and Sichuan already had such regulations. On September 7, Shenzhen’s Legislative Affairs Office followed suit by issuing Management Rules of Small Unmanned Aerial Vehicle(UAV) (Briefly, Shenzhen Guidelines) and solicited opinions from the public. Shenzhen is known to…

On September 7, the Beijing Municipal Commission of Transport convened managers of the district management departments and 15 sharing bike companies. After listening to the opinions and advices on sharing bikes’ delivery and management, the commission decided to stop putting new sharing bikes into markets. All the sharing bike companies show their understanding and support…

Jack Ma marked the year 2017 as the first year of Alibaba’s retail business. From 2017, Alibaba business empire expands its territory—involved in the convenience stores with Lingshoutong (零售通), supermarkets with Hema Xiansheng (盒马鲜生) and Bailian (百联), department stores with the privatized Yintai (银泰), and local life service platform with Koubei (口碑). In the whole…

On September 5, after PBOC (The People's Bank of China) and six other administrations jointly issued Statements on Guarding against Risks of Initial Coin Offerings, a number of platforms suspended new businesses of ICOs and some even halted token withdrawal services. According to incomplete statistics, up till now, many ICO platforms, including birengou, vdpax.com, 91ICO,…

With higher and higher brand awareness of MI, increasing products copycat MI brand. Recently, MI’s registered trademark has been unauthorizedly used by a supermarket in Beijing. MI sued it to the court and claimed 100,000 RMB for compensation. MI company claims that all products authorized to use its registered trademarks "Xiaomi" and "MI" (original trademark…

On the afternoon of September 4th. at the BRICS Summit, Wang Xing, the Meituan CEO, thinks China's development and management in the field of Internet, especially the Internet+, has more referential significance to other BRICS countries and developing countries than the United States. Wang said that the integration between the Internet and people's living level…