Translated Article of the Week
Translated Article of the Week: New Retail Model and Artificial Intelligence Are the Next Big Things in China
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…
Read MoreTranslated Article of the Week: The ‘New Four Great Inventions’ of China
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.…
Read MoreTranslated Article of the Week: New Battleground for Mobile Payment Solutions
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…
Read MoreTranslated Article of the Week: The timing may be right for Facebook to enter China next year
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…
Read MoreTranslated Article of the Week: Chinese E-commerce Sites Observe Revenue Increase from Overseas Customers
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…
Read MoreTranslated Article of the Week: Google Builds Artificial Intelligence Team in China
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…
Read MoreTranslated Article of the Week: Apple Looks to Turn Around Sales Decline in China
On August 29, 2017, Tencent confirmed that WeChat Pay is officially integrated into App Store on all iOS devices. Users logged into the Chinese App Store can purchase apps or subscribe to Apple Music with WeChat Pay. Other than using bank cards connected with WeChat Pay to make purchases, customers can also use Hua Bei,…
Read MoreTranslated Article of the Week: Sought-after users, Power bank service-sharing started “Cash-Burning War”
The wildly popular bike-sharing service trending across China in recent years has sparked a new wave of service-sharing economics. From bikes, umbrellas, to power banks and even mini gyms, anything that you can think of might be the next service-sharing product. The most established products in the service-sharing industry are bikes, cars, and power banks,…
Read MoreTranslated Article of the Week: China Has Become the Biggest Market for Robotics Industry
International Federation of Robotics (IFR) reported that China sold the most industrial robots last year, making it the top market in the industry. In the World Robotics Report 2017, IFR points out that China is becoming the leader in the robotics industry with an exponential growth. Joe Gemma, President of the IFR, said that China…
Read MoreTranslated Article of the Week: A Sneak Peak of the Massive Online Live Streaming Industry in China
On August 10, 2017, iiMedia Research Group (“iiMedia Research”), a Chinese company that specializes in third-party data mining and integrated marketing, released the 2017 H1 China Online Live Streaming Market Research Report. The report analyzed the current landscape of the online live streaming industry in China, user behavior, case studies, and projected trends going forward.…
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