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News on the Internet & Tech Industry in China

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Bankruptcy express

A courier firm goes bust, Alibaba is hit
Mar 16, 2012 (WiC 142)

Losing your job is usually bad news. But to find out by text message is hardly going to lighten your mood. That’s how Chen Ping, CEO and founder of courier company Morning Star, recently told his staff that they were no longer on the ...

Ma offers to take Alibaba.com private
Mar 2, 2012 (WiC 140)

Jack Ma evidently finds some of his shareholders a distraction – and not just the American internet firm Yahoo, with whom he had a public falling out last year. In fact he’s planning to pay off all the shareholders in business-to-business ...

How rival web firm is taking on Sina Weibo
Feb 17, 2012 (WiC 138)

Move over Yao Chen, TV host He Jiong is now China’s most followed celebrity on weibo, China’s Twitter-like equivalent. The 37-year-old television personality now has over 27 million followers on his Tencent weibo. That’s 10 million more ...

Wanted: 500 million friends

Facebook’s IPO reignites discussion about its absence from China
Feb 10, 2012 (WiC 137)

At long last, Facebook is filing for an IPO. If successful, it promises to be the biggest offering yet by a technology company. The IPO is also one of the most talked-about topics on the Chinese web, which is a little odd given that Facebook, ...

Poor group dynamic

Groupon’s China site was already struggling. Now it’s been hit by fraud
Nov 18, 2011 (WiC 129)

Fresh from raising $700 million in the largest IPO for a US tech company since Google went public in 2004, Groupon is still riding high. Shares in the group-buying site surged 40% on opening, before settling at $26 a share, or a valuation of ...

Gaming firm Shanda wants to delist from US
Oct 28, 2011 (WiC 127)

Back in 2009, Shanda Interactive was an internet darling, the second-largest online gaming operator in China, trailing only NetEase. The company dominated the online literature and video-sharing market. When it spun off its gaming unit Shanda ...

Alibaba gets acquisitive

Internet tycoon Jack Ma declares he wants to buy Yahoo
Oct 7, 2011 (WiC 125)

In what would be a dramatic turnaround of events, Jack Ma, founder and chief executive of Chinese e-commerce giant Alibaba Group, made a provocative declaration last week that he was “very, very interested” in buying Yahoo. How times have ...

Click here for revenue

Google has had a tough time in China. Time for plan B
Oct 7, 2011 (WiC 125)

While Alibaba Group is turning its attention to the US, search giant Google is again trying to bulk up its efforts in China, with Liu Yun, vice president of Google China, recently making a high-profile appearance to promote DoubleClick, the ...

The Chinternet strikes back

Chinese equivalent of Twitter is too powerful for government’s liking
Sep 2, 2011 (WiC 120)

Weibo, the word for China’s enormously popular Twitter-like microblogs, means “tiny” (wei, 微) and “abundant” (bo, 博). It is an apt description: like Twitter, a weibo message is restricted to 140 characters. But ...

Televised attack

State broadcaster opens fire on search engine rival
Aug 26, 2011 (WiC 119)

People like their days off. Not a startling revelation, for sure, but one that Cai Jiming found out the hard way, when he began reading comments made about him on Tieba, a forum run by Baidu, China’s dominant search engine. Cai, a professor ...

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