Alibaba buys food delivery platform Ele.me

Alibaba announced today that it will acquire all outstanding shares that it does not already own in food delivery platform Ele.me. The transaction implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its financial arm Ant Financial are already the largest shareholder in the company with approximately 43% shares. Rumors of Alibaba’s acquisition … More Alibaba buys food delivery platform Ele.me

The Mysterious Chinese Company Filling the Void Left by Failing Conglomerates

When asked to name some of China’s most successful companies, most people would probably name Alibaba, Tencent, as well as tech success stories like Huawei and ZTE. In travel, companies like China’s three state-owned airlines, Ctrip, and (also state-owned) Jin Jiang hotels may come to mind. As a matter of fact, big corporate in China’s … More The Mysterious Chinese Company Filling the Void Left by Failing Conglomerates

Tencent Leads $100M Pre-IPO Investment In News App Qutoutiao At Unicorn Valuation

Tencent Holdings Ltd has led a pre-IPO investment of more than US$100 million in Chinese personalized news recommendation app Qutoutiao, valuing the start-up between US$1.3 billion to US$1.5 billion, according to local media. Qutoutiao, which means “fun headline” in English, is rumored to be seeking a U.S. initial public offering of up to US$3 billion … More Tencent Leads $100M Pre-IPO Investment In News App Qutoutiao At Unicorn Valuation

China’s tech firms are adapting to an increasingly IP sensitive environment

Over the past few decades, China has been perceived as a land of copycats where local firms duplicate proven technologies and business models from the West without giving due credit. Counterfeit apparel, blatant technology infringements and pirated movies are still stereotypical portrayals of the state of intellectual property (IP) protection dynamics in the Middle Kingdom. … More China’s tech firms are adapting to an increasingly IP sensitive environment

WeChat’s micro retailers come under scrutiny in run up to World Consumer Rights Day

WeChat’s micro store business Weishang (微商) is challenging Alibaba’s Taobao for e-commerce domination in China. It seems that the service is going through the very same problems that Taobao has experienced previously. Product quality, marketing spam, and after-sales services are three top concerns for Weishang, a report from the Beijing Customer Association shows. As a … More WeChat’s micro retailers come under scrutiny in run up to World Consumer Rights Day

From moment to momentum: Lagardère Travel Retail’s shift towards a frictionless retail experience

When it comes to customer engagement, developing innovative concepts that cater for the diversity of targets and needs is key. That is why it comes of no surprise that Lagardère Travel Retail, a global leader in content production and distribution, has developed a marketing strategy revolving around innovative and performing retail concepts. “We see omnichannel … More From moment to momentum: Lagardère Travel Retail’s shift towards a frictionless retail experience

Why Chinese Tourism to the United States is Safe from a Trade War

With President’s Trump decision to defy opposition from his own party and proceed with stiff tariffs on imported steel and aluminum in the name of protecting U.S. industry and national security, the question of a trade war is once again relevant. In response to the new tariffs, China announced that it’ll take “effective measures to … More Why Chinese Tourism to the United States is Safe from a Trade War

China Unicom launches eSIM, allowing full use of both phones and wearables

China Unicom announced that it has officially launched the “eSIM One Phone Number Dual Terminal (eSIM一号双终端)” (in Chinese) business in six Chinese cities including Shanghai, Tianjin, Guangzhou, Shenzhen, Zhengzhou and Changsha. “eSIM One Phone Number Multi-Terminal (一号多终端)” means that one phone number can shared with the user’s smartphone and wearable devices, without the need for … More China Unicom launches eSIM, allowing full use of both phones and wearables

Both Chinese Government And Industry Tout Artificial Intelligence At CPPCC Meeting

Chinese Premier Li Keqiang’s took to the stage at the annual gathering of Chinese People’s Political Consultative Conference (CPPCC) members and laid out a vision of the Chinese economy based on artificial intelligence. Corporate China also joint in the AI chorus. Li’s two-hour speech, along with the 2018 government work report presented, called for expanded … More Both Chinese Government And Industry Tout Artificial Intelligence At CPPCC Meeting

Microsoft and Xiaomi to collaborate on AI, cloud computing and hardware

After Microsoft signed a deal to test Windows 10 on Xiaomi devices in 2015 and then Xiaomi bought a trove of patents to help run other Microsoft services on its devices in 2016, today the two companies announced another chapter in its collaboration. Xiaomi and Microsoft have signed a Strategic Framework Memorandum of Understanding (MoU) … More Microsoft and Xiaomi to collaborate on AI, cloud computing and hardware