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News on the Internet & Tech Industry in China

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The full Tencents

Top internet firm reorganises into six groups
May 25, 2012 (WiC 151)

While most internet firms in China dominate a specific area – Baidu in search and Alibaba in e-commerce – Tencent is something of an exception. Not only does the company own China’s leading chat service QQ, which boasts over 751.9 million ...

Alibaba to buy out US firm
May 25, 2012 (WiC 151)

Like many estranged couples, Alibaba and Yahoo’s road to divorce has been a long and painful one. But the two firms, stuck in a loveless embrace for years, have finally agreed to part ways. Yahoo announced on Monday that it has reached a deal ...

The online masses

China has the world's largest internet user base - a quandary for Beijing
May 18, 2012 (WiC 150)

It’s called the worldwide web. But is that really the case in China, where the opportunity to browse online or publish information seems a lot less universal? The politics of the internet has been a favourite topic in WiC’s first 150 ...

Studying online

A new course in Yiwu teaches how to be an internet tycoon
May 11, 2012 (WiC 149)

Yiwu has been described as the biggest city you’ve never heard of. Others talks of it as the starting point on the modern day Silk Road. And it’s certainly a major hub for China’s modern day exports: half a million products find their way ...

High necklines, low hemlines

Start-up talks to WiC about selling clothes online in China
May 11, 2012 (WiC 149)

Few investment bankers would give up a comfortable salary to move to China to start a new business. And not many bankers would choose to start an online clothing store. But Norman Cheung did just that, co-founding zooq.com, an internet fashion ...

Tencent taken to court over alleged monopoly
Apr 27, 2012 (WiC 147)

It is the classic tale of David taking on Goliath. Last week Qihoo 360, an antivirus software maker, brought a lawsuit against Tencent, China’s largest internet company by revenue, in Guangdong Higher People’s Court. The feud between the ...

Baidu exits e-commerce
Apr 27, 2012 (WiC 147)

Just because a company has achieved monopoly status in one market (see previous story) doesn’t necessarily mean that it will find success elsewhere. Just ask Baidu, China’s search giant. Less than two years after launching an e-commerce ...

Zuckerberg’s Instagram deal has Chinese angle
Apr 20, 2012 (WiC 146)

Mark Zuckerberg likes a mission. Hence his promise that Facebook will make the world ‘more open and connected’; or consider his personal dietary rules: the only meat he’ll eat is “from animals I’ve killed myself”. Another challenge ...

A very sharp guy

Will Terry Gou’s deal with Japan’s Sharp reshape electronics industry?
Apr 13, 2012 (WiC 145)

In 1616 the Tokogawa Shoganate sent an invasion force to capture the island of Takasago Koku. It proved an unsuccessful mission but in 1895 Japan finally achieved its ambition. The island – better known to our readers as Taiwan – became a ...

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 ...

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