Ant Financial to be listed on China’s Mainboard…

Rhea Liu Shen Guojun, Chairman of Yintai Group, announced to the public on Tuesday that Ant Financial will go public on China’s mainboard from next year. Shen is known as a close friend of Alibaba’s…

Xiaomi Introduces Mi Mobile

Xiaomi introduced its Mobile Virtual Network Operator service (MVNO), Mi Mobile, at a press conference yesterday afternoon. Mi Mobile will come in two packages: Ren Wo Xing, pay as you go, will be based on…

A “smart-car” race for large Chinese tech companies

Siyang Wang Grand-sized Chinese technology company, Tencent, has recently launched a series of open smart car software packages pushing ahead with its expansion into smart car development. “The next big thing for the growth of…

Why e-commerce Mia.com could be valued at USD…

Wendy Tang China’s leading e-commerce company for childrens products, Mia.com, has raised USD 150 million in its latest round of funding. Leading this investment is Chinese search engine giant, Baidu, along with Sequoia Capital and…

Alipay will now accept your dog as a…

By JING GAO Imagine a future where you will no longer need to keep cash or bank cards handy. Simply by smiling at a camera or showing off your tattoo, you will complete a transaction.…

Alibaba’s sudden cut in campus new hires sparks…

Jing Gao In response to the rumors of a drastic hiring freeze, Chinese e-commerce giant Alibaba told China Business News Monday morning, that while it is scaling back campus recruiting, it will honor all the…