Everything about China's Innovation

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…

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…

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…

China’s e-commerce giants make the news each year with their deals on November 11, “Single’s Day,” and June 18. This year, Amazon is will be joining the competition with Prime Day. Amazon Prime members can receive free delivery on overseas purchases. Chinese Prime Subscribers can purchase overseas commodities and have them shipped directly from Amazon’s…

China’s e-commerce giants make the news each year with their deals on November 11, “Single’s Day,” and June 18. This year, Amazon is will be joining the competition with Prime Day. Amazon Prime members can receive free delivery on overseas purchases. Chinese Prime Subscribers can purchase overseas commodities and have them shipped directly from Amazon’s…

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…

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…

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…

On June 28th, Airbnb jointly launched with Alipay a handy new tool available in the Alipay app called the “Aibiying Travel Deposit”, which will help prevent the app users from reckless spending. By setting the travel location, period of stay, the number of travelers and the intended travel dates in the app, the system will…

On June 28th, Airbnb jointly launched with Alipay a handy new tool available in the Alipay app called the “Aibiying Travel Deposit”, which will help prevent the app users from reckless spending. By setting the travel location, period of stay, the number of travelers and the intended travel dates in the app, the system will…

Li Zhifei has spent his professional career cross-pollinating the world’s two most vibrant innovation ecosystems. Born in central China at the dawn of reform and opening, Li graduated college in China and dove headfirst into the country’s dot com boom of the early 2000s. When that bubble burst, he headed to Johns Hopkins University for…

Li Zhifei has spent his professional career cross-pollinating the world’s two most vibrant innovation ecosystems. Born in central China at the dawn of reform and opening, Li graduated college in China and dove headfirst into the country’s dot com boom of the early 2000s. When that bubble burst, he headed to Johns Hopkins University for…

On 4 July, China Auto Renting Inc. (CAR), the largest car rental company in Asia, announced they would open the international car rental business. Customers can book auto rentals in over 150 countries through the APP and website. Also, customers can have 10% discount of rental charge and free translation service for Chinese driver’s license,…

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…

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…