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ChinaCache Blog

Cloud computing enters “Golden Time” in China

Oct 24, 2017

With artificial intelligence (AI) booming across the world, cloud computing as its supportive infrastructure enters the “golden time” for development. The wide use of AI cannot happen without cloud computing, which helps improve hardware usage efficiency, avoid idleness and waste of resources. In July, the China’s State Council, the country’s equivalent of a cabinet, issued guidelines…

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Meanwhile in China: Weekly News Roundup [10/16-10/20]

Oct 20, 2017

China food delivery start-up reaches $30 billion valuation Based in Beijing, Meituan is one of the top two food delivery companies. Since its merger with Dianping, the Chinese version of Yelp, two years ago, the new company China Internet Plus’s valuation has been growing steadily. After its most recent round of funding, the company is now…

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Translated Article of the Week: New Retail Model and Artificial Intelligence Are the Next Big Things in China

Oct 16, 2017

The madness for the sharing economy has cooled down in China, as represented by the bankruptcy of a few second- and third-tier biking-sharing companies. Power bank sharing companies that received jaw-dropping funding in early 2017 are not only dealing with their own legal and financial problems but also threat from mobile phone companies as wireless…

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Meanwhile in China: Weekly News Roundup [10/9-10/13]

Oct 13, 2017

Chinese startup’s ‘8K’ VR headset is surprisingly advanced A Chinese startup by the name of Pimax simply went ahead at CEATEC. The Pimax 8K headset which not only features an incredible 7,680 x 2,160 resolution (more on that later), but also laser tracking that works with HTC Vive’s base stations, plus an impressive 200-degree FOV which is…

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Translated Article of the Week: The ‘New Four Great Inventions’ of China

Oct 10, 2017

Chinese original innovation is changing the world. China is the new force in the Internet world. Half of the world’s top 10 Internet companies are from China. They are Alibaba, Tencent, Baidu, Jingdong and NetEase. Those five giants are all from the PC era, but the real Chinese Internet innovation is starting from the mobile era.…

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Meanwhile in China: Weekly News Roundup [10/2-10/6]

Oct 6, 2017

One in three unicorns is now being born in China So far in 2017, 12 of the 33 new $1 billion startups around the world are in China. More than a quarter of new unicorns have been created in China since 2010. The rise comes as a flood of private capital has lifted startup valuations around…

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Translated Article of the Week: New Battleground for Mobile Payment Solutions

Oct 3, 2017

Since paying with mobile phones has become the new normal at supermarkets and for take-outs and taxis, public transportation is the next industry mobile payment solution providers compete on. The current public transportation payment solution, Metro Card, is not convenient enough and has plenty room for improvement in terms of users’ needs, which opens up…

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Meanwhile in China: Weekly News Roundup [9/25-9/29]

Sep 29, 2017

Alibaba Says It’s About to Build Up a Massive Logistics Network Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion. Read More>> Source: Fortune     China…

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Translated Article of the Week: The timing may be right for Facebook to enter China next year

Sep 25, 2017

The chance for Facebook entering Chinese market might come soon. Mark Zuckerberg’s social media giant Facebook is already taking strategic steps to do so, Mizuho reported on Monday, September 20th. Managing Director, Internet Research at Mizuho Securities Co., Ltd James Lee and Vice President Wei Wang said in the report: During our meetings with various…

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