The e-Book IPO could raise up to $800m on the HK market, but Tencent will need to deal with criticism from Beijing over spreading “negative energy” first. Editor’s Remarks: With a business model similar to…
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Dr. Zhang Lijun: How the Startup Legend of China Mobile Games and Entertainment Was Created
On August 11, 2015, China Mobile Games and Entertainment Group, No. 1 mobile game issuer in China and leading developer in the world, publicly announced the completion of its merge with Orient Securities. In 2012,…
Chinese conglomerate Wanda sells theme park business
retreating from a business it once said would rival Walt Disney Co. Wanda says it will sell 13 parks and 76 hotels to a Chinese buyer, Sunac China Holdings Ltd., for 63.2 billion yuan ($9.3…
China says it doesn’t ‘hold the key’ to resolve North Korea nuclear issue
“China is not to be blamed for the current escalation of tension, nor does China hold the key to resolve the issue,” Geng said at a daily news briefing. “If China is striving to put…
China Is Quickly Embracing Facial Recognition Tech, For Better And Worse
While the answer is likely to be no for many in the west, the scenario is becoming a reality in China. Facial-recognition technology, once a staple of Minority Report-style movies, is quickly inserting itself into…
Eyeing sleepy office workers, China’s ‘sharing economy’ opens nap capsules
BEIJING (Reuters) – For China’s sleep-deprived white-collar workers needing a place for a nap, a booming “sharing economy” offering a growing range of services has come up with a cheap, mobile-friendly solution: capsule hotels. With…
China’s Great Firewall may squash VPN workarounds by Feb. 1
According to Bloomberg’s sources, state-run carriers China Mobile, China Unicom and China Telecom have until February 1 to keep people from using VPN technology. VPNs allow Chinese citizens to evade the country’s notorious so-called “Great…
China Tells Carriers to Block Access to Personal VPNs by February
China’s government has told telecommunications carriers … requirements on the transfer of data and may give Beijing unprecedented access to their technology. Companies operating on Chinese soil will be able to employ leased lines to…
China Bike-Sharing Titan Mobike Sets Sights on Washington, D.C.
Chinese bike-sharing giant Beijing Mobike Technology Co. has its sights set on Washington, D.C. The startup, known as Mobike, on Monday began advertising for jobs in the greater Washington area, showing how its intention to…
China’s hi-tech snack shops run into low-tech snag – summer heat
One is operated by technology start-up BingoBox, and opened last month near the China headquarters of French retailer Auchan, which supplies the hundreds of products offered. Some customers had complained that cakes were misshapen and…
Tencent’s WeChat Pay seeks license for local payment services in Malaysia
“Malaysia has a large Chinese community,” Grace Yin said on the sidelines of a Hong Kong technology conference, explaining Tencent’s choice of test bed. WeChat Pay and Alibaba Group Holding Ltd’s affiliate Alipay are turning…
China Hedge Funds Bounce Back From Losses to Rank Near Top
While Greater China equity funds overall benefited from surging Hong Kong-listed shares and large-cap stocks on the mainland, well-timed bets on technology, Internet and consumer companies drove returns at some of the top performers. In…
China May Give Central Bank Key Role in Financial Oversight
China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk in the sector, people familiar with the discussions said. The move,…
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