Alibaba says the Double 11 sales record doubled from last year, receives USD 14B (updated)

Alibaba has surpassed last year’s sales record for its annual Double 11 shopping day, with smartphone brands being among the first to bring in RMB 100 million.

China’s “Groupon” Meituan Dianping launches its home decoration department

China's largest Groupon launched its O2O home decoration business.

Jack Ma proposes radical new global trade platform for SMEs

Jack Ma calls for an Electronic World Trade Platform (eWTP) to facilitate SME’s cross-border trade.

Momo World Sleep Day report: these jobs make you night owls!

China’s largest dating app Momo’s latest report says professions in the PR, media and gaming industries tend to sleep latest.

Tech financing in China this week- Innovation Works’ biggest investment project MeWe is now valued at USD 300M, & more

Our highlight of the week: Don't miss out our headlines this week: Airbnb-like platform to connect overseas hosts with Chinese travelers; Razer lands USD75M from Chinese VR investor to develop OSVR; Why Lenovo's parent company is pouring money into O2O liquor business.

Xiaomi’s sales slow down, but offline stores will make a break through, CEO says

Xiaomi CEO said a reinvigorated Xiaomi can be expected to emerge within a year.

Didi Research recruiting talent worldwide for AI development

Didi announced on Monday that it will hold an algorithm contest in May to recruit talent to help develop its competitiveness in the field of AI.

Who’s fussin’ about Xiaomi’s newly launched Redmi Note 3?

Xiaomi outs its latest Redmi and Mi Pad devices at a Beijing launch event today, leaving many fans confused as to precisely what direction Xiaomi is following.

China’s travel service giant Ctrip purchased 45% of Qunar’s shares from Baidu

Consolidation in the Chinese travel industry sees two of China’s largest travel platforms combine leaving little room for lesser players to compete.

Head of Baidu’s Deep Learning Institute: driverless cars will promote usage and increase efficiency

The Head of Baidu’s Deep Learning Institute Lin Yuanqing said in an interview that Baidu’s pursuit of autonomous cars will boost road capacity and contribute to the sharing economy.

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