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News on the Internet & Tech Industry in China

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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 ...

Think Facebook, China-style

IPO glitches don’t stop Renren pulling off hugely successful fundraising
May 6, 2011 (WiC 105)

In their dealings with venture capital firms, the owners of some of the internet’s most popular social networking sites have often adopted a cavalier attitude. Mark Zuckerberg set the tone. Visiting Sequoia Capital, the Facebook hotshot ...

Selling via word of weibo

Companies discover online microblogs are effective marketing tool
Apr 8, 2011 (WiC 102)

"Low fat cake is now on sale for Rmb18 (original Rmb25), come now and get a free ice cream!” Simple promotional messages on weibo (China’s equivalent of Twitter) like this have helped CCsweets, a small shop in Beijing, drum up ...

‘Bad boy’ Baidu?

Why dominant search engine’s under attack
Mar 25, 2011 (WiC 100)

Heavyweights expect to take the occasional punch. But Baidu, China’s leading search engine, has been through a triple whammy of controversy in recent weeks. In early March: a report from the Office of the US Trade Representative singling it ...

For sale: China’s Facebook

Renren to IPO; but debate rages on whether there’s a Chinese internet bubble
Mar 11, 2011 (WiC 98)

Facebook may not be for sale but one of its Chinese equivalents, Renren, is now available to bidders. Though it won’t be coming close to Facebook’s stratospheric $50 billion valuation, Renren plan to be the first social-networking site to go ...

Launch problems

Groupon in gaffe as it enters China market
Mar 4, 2011 (WiC 97)

If you were about to launch a business in China, would you air a TV ad that makes a jibe about Tibet? In all likelihood, probably not. But Groupon, the US-based company that helps group buyers get discounts, decided that it would give it a go, ...

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