payment

International payments services are flocking to China

More than a few international payments services recently said China had become one of their biggest markets, as an increasing number of Chinese Internet/mobile companies are actively expanding overseas.

Tencent booth at ChinaJoy Expo 2014

3 years after opening up to Chinese developers, Tencent eyes global partnerships

Tencent’s annual business partner conference has been rebranded as its “Global Partner Conference”. The two-day meeting started yesterday, with some interesting foreign faces in attendance. What’s even more interesting, chipmakers Intel and Broadcom showed up as partners of Tencent, a business long known as a software company.

languages

English-learning site 51Talk pockets new funding to expand in Asia

51Talk, an English-learning service which provides one-to-one courses in English speaking, announced that it has received US$55 million of Series C financing led by Sequoia Capital and followed by DCM and Shunwei Fund, a fund headed by Xiaomi founder Lei Jun.

Close-up of a woman eating healthy food.

Food delivery service Daojia raises $50M in funding led by JD.com

Online food delivery service Daojia.com announced that it has closed $50 million in Series D financing jointly led by JD.com and Macquarie. (source via Sina) This deal marked JD’s second capital injection in Daojia, which received an undisclosed amount of financing in Series C round one year earlier.

money

Social network Snowball Finance raises $40M from Renren and others

Snowball Finance (Xueqiu in Chinese), the Chinese finance-focused social media site, announced that the company has raised $40 million in Series C funding led by Renren Inc. and joined by existing investor MorningSide Ventures. The company raised a Series A funding of US$10 million last year, and $3.2 million in 2011.

Chinese search market revenues, by type of advertising.

Chinese search revenues grew 40% in 2013

The total revenues made by Chinese search services in 2013 were 39.32 billion yuan (about $6.5 billion), a 40.1 percent increase over the previous year, led by Baidu, Qihoo, and Sogou.

Why WeChat is a mobile game-changer for Chinese company Tencent

Imagine a mobile application that combines the best features of Skype, Whatsapp, iMessage, Instagram and even Google’s Circles. This mobile app for smartphones was recently re-dubbed WeChat, as Tencent prepares to launch it into global markets.

How sensors can lead us to better self-knowledge

Like nerve endings which translate senses into electrical impulses in your nervous system, sensors can translate the physical world into the digital. In the process, they can help humans become more aware of ourselves.

ss-clone-puppies-awww

The 14 hottest Chinese tech-startup clones of 2011

Cloning or copycatting ideas, companies, and products is nothing new in China. Westerners, especially Americans, loathe cloning; it hurts their pride and is an insult to their creativity and hard work. The Chinese, however, love it. It comes as second nature and presents a grand opportunity to seize a massive market potential.

Could collaborative consumption work in China? Not yet.

The concept of “Collaborative Consumption” is not new in the West, but it is in the East and especially in China. The term collaborative consumption basically means sharing things with other people — via barter, trade, or rental — and giving access instead of ownership. The Internet has pushed this quaint notion beyond just sharing between friends to create a powerful business model.

DST may invest $200M in Chinese microblogging company, Sina Weibo

In July, it was reported that Sina Corp. had turned down Digital Sky Technology (DST)’s $500m investment in Sina Weibo, a Chinese micro-blogging service. But it seems that the talk between two parties is still on going. We just heard from a reliable source that Sina finally accepted the investment from DST, an international investment firm founded by Yuri Milner. The source said the deal can ‘almost’ be confirmed: