Didi’s Challenges

Didi Chuxing is the largest unicorn company in China valued at 50 billion USD. Over the past three years, not only did the company’s valuation grow in double digits, its investors also witnessed the highest rate of return ever of over ten thousand folds. However, despite the rapid expansion growth Didi is experiencing, the company…

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Shared Phone Charger Startups Closed Down One after Another

Shared phone chargers have attracted attention from the market, especially after Leo Chen, CEO of Jvyoumei(聚美优品), invested 300 million yuan into AnkerBox (Anker街电), an enterprise that produces shared phone chargers. Also, “National Husband”—billionaire investor Wang Sicong’s bold statement that he would eat shit if shared phone chargers can succeed made this industry known to more…

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Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept…

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Apple will stop taxing in-app tipping, but how much content deserves customer’s tips?

Apple does give in on its tipping tax policy. On April 19th, wx-pai, Tencent’s official WeChat account, posted two notices in succession saying that the tip function of iOS’s WeChat platform will be closed. This news led to public guesses about the reason behind Tencent’s action. The widely acknowledged one is WeChat’s official explanation: According…

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Weibo will livestream League of Legends 2017 Global Finals

On September 13, Weibo announced that it became the official strategic cooperation partner of the League of Legends in China. Weibo will broadcast live coverage of the 2017 League of Legends world finals, which will be held from September 23 to November 4. At present, eight platforms will live broadcast 2017 League of Legends global…

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