ChinaCache Blog

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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Meanwhile in China: Weekly News Roundup [9/18-9/22]

Sep 22, 2017

Chinese bike-sharing company Mobike expands to the US One of the biggest bike-sharing companies, Mobike, launched its service in Washington D.C. on September 20, 2017. The United States is the company’s seventh overseas market, following Britain, Italy, Japan, Singapore, Thailand and Malaysia. Before the official launch in the States, Mobike has already partnered with AT&T and Qualcomm…

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Neutral Peering Days

Sep 18, 2017

Ms. Yali Z. Liu, Vice President of ChinaCache, talked about the Internet landscape in China at the Neutral Peering Days in The Hague, Netherlands on September 14. More than 300 people attended the session where Ms. Liu highlighted the issues foreign Internet companies face when they provide services in mainland China, including choosing a data center…

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Translated Article of the Week: Chinese E-commerce Sites Observe Revenue Increase from Overseas Customers

Sep 18, 2017

On September 11, 2017, Economic Information Daily (EID) and Visa China released the 2017 Chinese Cross-border Consumption Index Annual Report. It shows that, in 2016, while there was a decrease in the total number of transactions, the average amount of money spent in a single transaction went up. In addition, the total amount of transaction…

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Meanwhile in China: Weekly News Roundup [9/11-9/15]

Sep 15, 2017

Weibo users are given one-week warning to provide real names The 340 million users of Sina Weibo, China’s popular microblogging service, have been given one week to link their accounts to a real name. The crackdown is being conducted in order to comply with new government rules restricting anonymous online conversation. Read More>> Source: TechCrunch     China…

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Translated Article of the Week: Google Builds Artificial Intelligence Team in China

Sep 11, 2017

Last week, Google published job postings on its website looking to assemble an Artificial Intelligence (AI) team in Beijing, China. Although Google’s search engine business withdrew from the China market in 2010, it kept a research and development team as well as an ad sales team. Among all the overseas Internet companies that have opened…

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