Baidu kicks off its USD 3 billion fund…

Chinese tech giant Baidu has set up its massive new investment fund, Baidu Capital, on Wednesday. Baidu Capital will mainly invest in companies in the Internet sector. Baidu Capital will be an independent market-based fund,…

Sharing is the key word for LeEco in…

LeEco CEO Jia Yueting explained the company’s ecosystem for the first time at the China (Shenzhen) IT Summit last Sunday. Sharing is key for LeEco to expand and break the pattern of BAT dominance. Jia…

Beijing-based travel planner Mioji uses AI to “smartly”…

[caption id="attachment_6285" align="aligncenter" width="600"] Zhang Fan, Founder and CEO of Mioji.com[/caption] Beijing-based itinerary planner Mioji told AllChinaTech on Sunday that they are going to America to launch their product in March. “Mioji is different from…

Will Chinese smartphone maker Meizu’s 5% staff layoff…

[caption id="attachment_5524" align="alignnone" width="640"] From Baidu Images.[/caption] Alibaba-backed Chinese smartphone maker Meizu recently announced that it will cut up to 5% of its 4000 staff in 2016 and will also lay off employees every year,…

WeChat founder Allen Zhang shares 4 guiding values…

[caption id="attachment_5451" align="aligncenter" width="700"] Photo from Baidu Images.[/caption] At the Professional Moderators Forum of the WeChat Open Course held in Guangzhou on Monday, Allen Zhang, Senior Executive Vice President of Chinese tech giant Tencent and…

Top 5 tech mergers in China of the…

Looking back on the year 2015, the Chinese internet industry stuck with the theory that “the winter of the capital market has arrived”. Another scene has emerged as many Chinese unicorn tech companies merged with…

China Tech Today – Social network giant Sina’s…

The ACT team hand-picks the most readable news of the day from China’s booming tech industry. Don’t miss out on these headlines: [caption id="attachment_2198" align="aligncenter" width="450"] Screenshot from Cao's Weibo account[/caption] Sina CEO denies hiring freeze…