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: