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News on the Internet & Tech Industry in China

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Battle stations

Lenovo makes two big acquisitions in a row
Jan 31, 2014 (WiC 224)

The Liaoning, named after a northern province, is the pride of the Chinese navy. The country’s first aircraft carrier, it was purchased from the Ukrainians ostensibly for refurbishment as a casino in Macau. That was way back in 1998. But ...

Latest Tencent acquisition worries Alibaba
Jan 24, 2014 (WiC 223)

After the collapse of the Qin Dynasty China was divided by a factional conflict. Two powerful warlords emerged: Xiang Yu of Chu and Liu Bang of Han. For four years, the two men were locked in bitter battles. Although Han forces won many ...

Tencent shares surge, reaching new milestone
Jan 10, 2014 (WiC 221)

When Tencent decided to list on the Hong Kong stock exchange almost a decade ago, the choice was viewed as something of a consolation prize. After all, any internet firm worth its salt wanted a ticker on Nasdaq, right? Valuations for tech firms ...

Baidu’s boss in falling out with fellow tycoons
Dec 13, 2013 (WiC 220)

In addition to being classed as China’s best-looking chief executive (a worthy category in Forbes China’s annual rankings), Robin Li was named the country’s richest man last week. The Bloomberg Billionaires Index said that Baidu’s founder ...

How a peasant card game created a tech billionaire
Nov 22, 2013 (WiC 217)

Seizing land from the rich and giving it to poorer peasants helped the Communist Party win much of its early mandate. In the early 1950s, doudizhu, which means ‘fight the landlords’ in Chinese, became a bloody political campaign. ...

Watching their every move

Chinese tech firm releases gadget to help parents keep tabs on kids
Nov 15, 2013 (WiC 216)

"You never actually own a Patek Philippe. You merely look after it for the next generation.” As slogans go, the Swiss watchmaker’s is one of the more ingenious. Along with the accompanying imagery of well-heeled parents and their immaculate ...

Dotcom fever rides again

Tech firms surge in US stock debuts, but will Alibaba soon follow?
Nov 8, 2013 (WiC 215)

A tech firm knows it has become part of the social fabric when it inspires a hit TV show. Case in point: Craigslist. Elizabeth Meriwether says she based her hit US comedy New Girl on her own experiences of browsing the classified ads on ...

Stock exchange boss tells of Alibaba dream
Oct 4, 2013 (WiC 211)

As far as nightmares go, Alibaba’s decision not to IPO in Hong Kong has been a pretty big one for Charles Li. So last week the head of Hong Kong’s stock exchange came up with a dream solution of his own. The background to the dispute has ...

Xiaomi surprises market with cheap smart TV
Sep 20, 2013 (WiC 209)

A week before Apple unveiled two new iPhones, Xiaomi – sometimes touted as China’s answer to the Californian tech giant – wowed fans and investors with a new flagship smartphone product of its own. It too is available in multiple colours ...

Shielding its share

Tencent’s WeChat under siege from all sides
Sep 6, 2013 (WiC 207)

Recently Starbucks ran a campaign on China’s most popular mobile messaging application WeChat asking its followers to signal their mood by messaging with an emoticon (if they selected the character of a smiley face, for example, it designated ...

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