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News on Internet & Tech Industry in China

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Alibaba banks on Chinese AI developer SenseTime
Apr 20, 2018 (WiC 405)

“He was completely shocked when we took him away. He couldn't fathom that the police could so quickly capture him in a crowd of 60,000,” said Li Jin, a police officer in Nanchang, the capital city of Jiangxi province. Li was recalling a ...

One billion daily views

Douyin shines but sister firm Toutiao hits regulatory wall
Apr 20, 2018 (WiC 405)

American artist Andy Warhol once said: “In the future, everyone will be world-famous for 15 minutes.” On China’s social media fame can be even more fleeting. We first wrote about the short video phenomenon in our Talking Point in ...

The O2O wars intensify

How China’s biggest tech start-ups are gobbling each other up
Apr 13, 2018 (WiC 404)

Unicorns are supposed to be rare beasts. Mythical, in fact. But according to a study in March by an affiliate of the Ministry of Science and Technology and a Beijing consultancy, there are at least 164 unicorns in China. Of course, these are not ...

Doing the robot

Cheetah boss upsets China’s robotics community with negative assessment
Apr 13, 2018 (WiC 404)

At the beginning of the movie iRobot, Will Smith’s character, Detective Spooner is saved by a robot after he crashes into a river and his car sinks into oblivion. But it seems unlikely any of the world’s current crop of robots would be ...

Slew of China’s live-streaming platforms rush to float shares
Mar 16, 2018 (WiC 401)

Of China’s 5,000 years of history, the Spring and Autumn period (771 to 476 BC) is certainly one of the most intriguing interludes. The interregnum was marked not only by tactical skirmishes among hundreds of fiefdoms seeking power and ...

Alibaba weighs into tussle between Ofo and Didi with $866 million deal
Mar 16, 2018 (WiC 401)

One of the most expensive board fights in corporate history broke out last year, when US consumer goods maker Procter & Gamble tried to fend off activist investor Nelson Peltz from joining its board. Between the two camps, almost $60 million ...

Differing values

A tech giant’s worth surges as it returns home
Mar 9, 2018 (WiC 400)

Read any Western media article about history’s greatest stock market investors and a roll call of Americans will ensue. Warren Buffett or his mentor, Benjamin Graham, nearly always top the rankings, followed by more recent entrants such as ...

Tsinghua Unigroup hopes for Apple contract
Mar 2, 2018 (WiC 399)

The Yangtze is known for its flash floods, but not for floods of flash. That may change if China’s largest semiconductor manufacturer has its way. Tsinghua Unigroup subsidiary, Yangtze Memory, has begun sampling its first 3D NAND flash ...

The hunger games

Meituan’s new Chinese restaurant rating service takes on Michelin Guide
Feb 9, 2018 (WiC 397)

Tired of following recommendations about Chinese food made by a French car tyre firm? Meituan-Dianping’s Black Pearl Restaurant Guide could be for you. Last month the Chinese food delivery and group-buying firm published the first of ...

Market ‘share’ matters

Is too much investor capital pouring into China’s ‘sharing economy’ apps?
Feb 2, 2018 (WiC 396)

Communism is about sharing. So no wonder that the concept of a ‘sharing economy’ has caught on in China so quickly. In fact Chinese media described 2017 as the booming sector’s “epoch year”. Private equity investors seem more than ...

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