Toymaker Lego teams up with Chinese internet giant Tencent

Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd (0700.HK) to jointly develop online games and potentially a social network aimed at Chinese children. Privately-owned Lego has seen a slowdown in sales growth in recent years, but the Chinese market has been a bright spot with sales growing 25-30 percent in … More Toymaker Lego teams up with Chinese internet giant Tencent

JD.com Partners with “China’s Pinterest” on New WeChat Sales Venture

Chinese e-commerce platform JD.com will collaborate with Meili on a new fashion e-tail venture, which will reportedly be run as a WeChat mini-program. The venture is set to make its debut after Chinese New Year. Meili (美丽联合集团) is a company that formed when social e-commerce site Mogujie (蘑菇街) bought out rival Meilishuo (美丽说) in 2016. … More JD.com Partners with “China’s Pinterest” on New WeChat Sales Venture

Chinese foreign trade ends two-year downward trend

China saw its total import and export trade volume increase by 14.2 percent in 2017, ending two years of negative growth in the process. Rising global demand and the improved economic situation within its borders both contributed to the growth of the country’s international trade. According to statistics released by the General Administration of Customs … More Chinese foreign trade ends two-year downward trend

Operations of Apple’s iCloud services in China are about to be transferred to a company in Guizhou

According to Apple Inc., iCloud services in mainland China will be transferred to cloud company in Guizhou and will be responsible for the operation starting from February 28 this year, Chinese media People’s Daily is reporting. Guizhou-Cloud Big Data Industry Development Co., Ltd. (GCBD, 云上贵州公司) will be responsible for iCloud operations in mainland China and … More Operations of Apple’s iCloud services in China are about to be transferred to a company in Guizhou

Baidu unveils Apollo 2.0 at CES 2018

Baidu just announced the second version of its Apollo open-source autonomous driving platform at CES (Consumer Electronics Show) today in Las Vegas. The Apollo program was launched as an open-source platform for other automakers to develop their self-driving systems and help accelerate the development self-driving technologies. Baidu released the second version of Apollo soon after … More Baidu unveils Apollo 2.0 at CES 2018

Toutiao moves into payments with purchase of agency Ulpay

Toutiao has quietly acquired its own online payment license meaning that China’s most popular news aggregation app may go after a chunk of the mobile payment market shared by WeChat Pay and Alipay. The company has bought a 100% stake in Ulpay (合众支付), an online payment agency based in China’s Hubei province, according to 36Kr … More Toutiao moves into payments with purchase of agency Ulpay

China’s Misguided Tourism Ambitions for French President’s Visit

French President Emmanuel Macron is making his first state visit to China from Monday to Wednesday this week, in what both French businesses and Chinese authorities hope will be a productive visit in promoting trade and improved EU-China relations. While certainly not explicitly focused on tourism, the visit brings with it the ambitions of tourism … More China’s Misguided Tourism Ambitions for French President’s Visit

Grading Luxury Brands’ Digital Efforts in China in 2017

In 2017, several major luxury brands finally realized the importance of developing a comprehensive digital strategy to cater to affluent Chinese consumers, people whose daily lives are heavily interwoven with the internet. What follows is a detailed recap of major brands’ digital strategies, graded in terms of their digital sophistication. We’ve also added some suggestions … More Grading Luxury Brands’ Digital Efforts in China in 2017

Blocked MoneyGram Deal Limits Alipay’s Global Ambitions

Alipay operator Ant Financial’s proposed $1.2 billion purchase of Dallas-based money transfer firm MoneyGram was finally blocked by the Committee on Foreign Investment in the United States (CFIUS), a U.S. government inter-agency regulatory body. Ant Financial was unable to convince the committee, even with three filings for approval, that Ant Financial would be able to … More Blocked MoneyGram Deal Limits Alipay’s Global Ambitions

For CES 2018, security of connected devices still a core fear

CES, which kicks off Sunday, is supposed to be about making your life better with technology. An internet-connected ball that watches your pets. Beauty care that uses connected devices to personalize hair products. Connected sensors for your home water system to combat leaks and waste. Even Las Vegas, the city that plays host to CES, … More For CES 2018, security of connected devices still a core fear