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News on the Internet & Tech Industry in China

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Relationship management

Agreement reached on the ownership of Alipay
Aug 19, 2011 (WiC 118)

A few months ago, Jack Ma was perhaps China’s most respected business leader, having established two online giants, Alibaba and Taobao. He did so while maintaining a clean image that ranked him a notch above many China entrepreneurs. And his ...

Sina monetises platform
Jul 22, 2011 (WiC 116)

Sina, which owns Weibo, China’s most popular microblogging platform (with more than 140 million users) is fast learning how to engage a massive audience. Next up is how to exploit it commercially. Plans announced last week to launch a virtual ...

The chips are down

Boardroom spat at SMIC – and the CEO’s exit – worry investors
Jul 22, 2011 (WiC 116)

In March tycoon Huang Guangyu launched a successful effort – from his prison cell – to unseat the chairman of the company he had founded, Gome. Few thought that there would be similar boardroom drama in the remainder of the year. Until ...

Payments crisis for Ma

Chinese critics say Jack Ma has lost trust over handling of Alipay issue
Jun 24, 2011 (WiC 112)

Early this month at the All Things Digital conference, Jack Ma, the founder and chairman of Alibaba Group, insisted: “I don’t want to be liked. I want to be respected.” But for Ma, the risk is that his decision to split-off Alipay, ...

Weibo the winner

Sina has China’s top social networking platform
Jun 17, 2011 (WiC 111)

Is Facebook finally going public? According to CNBC this week, the social networking giant is considering filing for an initial public offering that could value the company at more than $100 billion. That’s almost double the valuation from ...

Death of a sales team

Shanda’s video-sharing site fires staff and loses market share
Jun 3, 2011 (WiC 109)

As if being made redundant wasn’t wounding enough, workers at Ku6, a video-sharing site, are complaining that they were then beaten up before they could pack their things and leave the building. It isn’t clear how the fight broke out but ...

How Microsoft could make $6.3 billion more in China
Jun 3, 2011 (WiC 109)

Most foreign CEOs know thatnegative talk about the Chinese market can backfire with the local audience. Best instead to give things a positive spin, even when the urge might be to say something a little more hard-hitting. Not Microsoft’s ...

Big investment in Weibo service announced by Sina
May 20, 2011 (WiC 107)

It has proved famously fiddly to put a price on internet stocks like Twitter or Facebook, both privately held companies. But it turns out too that, even for a listed company like Sina, analysts can’t always agree on what the company is ...

Yahoo’s pay troubles

Alipay dispute rekindles Yahoo-Alibaba tensions
May 20, 2011 (WiC 107)

"In her two and a half years as Yahoo chief executive, Carol Bartz has never visited Hangzhou, the head office of Alibaba”. For the Wall Street Journal, that is a pretty astonishing revelation, given Yahoo holds a 43% stake in the Chinese ...

Dollars and censors

Should IPO investors be nervous about government’s internet crackdown?
May 13, 2011 (WiC 106)

The world’s first internet bubble began to inflate in August 1995 with the listing of the web browser, Netscape. Jim Clark – the company’s major shareholder – later confided to author Michael Lewis that Netscape’s hugely successful IPO ...

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