https://www.scmp.com/rss/321090/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China’s mobile phone industry is set to deepen its ties with India as Oppo Electronics invests HK$115 million to build a new factory in the northern city of Greater Noida, marking the latest major investment by a mainland supplier in the world’s second-largest smartphone market. That initiative followed similar smartphone manufacturing investments in India made by computer giant Lenovo Group and high-flying Chinese technology start-up Xiaomi in the past year. With a rapidly growing economy and a... https://www.scmp.com/tech/china-tech/article/1978170/chinas-oppo-electronics-pledges-hk115m-towards-handset-factory-india?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1978170/chinas-oppo-electronics-pledges-hk115m-towards-handset-factory-india?utm_source=rss_feed Mon, 20 Jun 2016 14:04:49 +0000 Rising office costs and slowing business expansion in mainland China and Hong Kong have prompted a growing number of start-ups to prefer flexible office spaces rather than traditional offices. Like many of his peers, Wen Hong, co-founder of Shenzhen-based drone maker Eulerspace, rented an office in Beijing when his firm started operations in April 2014. But the rising office costs in the Chinese capital and the constantly changing business strategy of the young company soon forced Wen to look at... https://www.scmp.com/property/hong-kong-china/article/1975057/flexible-workspaces-create-new-demand-office-spaces-not?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1975057/flexible-workspaces-create-new-demand-office-spaces-not?utm_source=rss_feed Tue, 14 Jun 2016 12:28:44 +0000 Online search giant Baidu has reduced its second quarter revenue forecast by more than 10 per cent after half of its medical customers altered their advertising spending, amid ongoing regulatory uncertainties. The Nasdaq-listed company now expects Q2 revenue to be 18.1 billion yuan (HK$21.3 billion) to 18.2 billion yuan, compared with an earlier estimated range of 20.1 billion to 20.58 billion. “The revision...mainly reflects the short-term uncertainty surrounding the scope, timing and roll out... https://www.scmp.com/business/article/1975287/baidu-cuts-q2-revenue-forecast-10-face-medical-regulatory-changes?utm_source=rss_feed https://www.scmp.com/business/article/1975287/baidu-cuts-q2-revenue-forecast-10-face-medical-regulatory-changes?utm_source=rss_feed Tue, 14 Jun 2016 12:03:50 +0000 Chinese smartphone maker Xiaomi will become a minority partner in a bank in central western China geared towards younger, internet-savvy users and small companies, reflecting its second foray into mainland finance and the latest in a number of deals by major tech companies seeking to diversify into banking. The bank, which received government approval on Monday, will provisionally be called “Sichuan Hope Bank”, as an English name has not been finalised, according to a statement filed by Chengdu... https://www.scmp.com/business/article/1974497/xiaomi-become-second-biggest-stakeholder-new-sichuan-bank-geared-towards?utm_source=rss_feed https://www.scmp.com/business/article/1974497/xiaomi-become-second-biggest-stakeholder-new-sichuan-bank-geared-towards?utm_source=rss_feed Mon, 13 Jun 2016 09:10:10 +0000 Chinese mobile applications are expanding to emerging markets such as India in an effort to tap new growth, but cultural differences and a competitive market environment have proven to be major barriers, impeding their wide spread adoption, according to industry experts. WeChat, a hugely popular message app in China developed by Tencent, ranks a distant 289th on the free app ranking at Google Play Store for India, the centralised market place for android apps. WeChat officially entered India in... https://www.scmp.com/tech/article/1969320/apps-chinese-characteristics-hit-obstacles-india?utm_source=rss_feed https://www.scmp.com/tech/article/1969320/apps-chinese-characteristics-hit-obstacles-india?utm_source=rss_feed Thu, 09 Jun 2016 01:02:30 +0000 Visual processor provider Movidius is partnering with computer giant Lenovo to develop virtual reality (VR) devices, the company said Tuesday. The San Mateo, California-based company provides chips that help computers process more complicated visual information, including comprehension of gestures, recognising faces and sensing space and depth. Visual recognition technology is on the verge of spreading widely to many industries such as consumer devices, security cameras and autonomous driving,... https://www.scmp.com/tech/article/1968660/machine-vision-provider-movidius-teams-lenovo-virtual-reality-products?utm_source=rss_feed https://www.scmp.com/tech/article/1968660/machine-vision-provider-movidius-teams-lenovo-virtual-reality-products?utm_source=rss_feed Tue, 07 Jun 2016 15:02:18 +0000 Gaming device provider Razer is eyeing a huge slice of the growing virtual reality (VR) market in China and will launch several new products to tap growth seams, a top company official said. The company will also release new VR products developed jointly with its Chinese partners next month in China, according to Chief Executive Min-Liang Tan. The California-based company designs gaming mouses and keyboards and recently expanded to high-performance laptops and a VR platform called Open Source... https://www.scmp.com/tech/social-gadgets/article/1966372/virtual-reality-set-give-razer-cutting-edge?utm_source=rss_feed https://www.scmp.com/tech/social-gadgets/article/1966372/virtual-reality-set-give-razer-cutting-edge?utm_source=rss_feed Sun, 05 Jun 2016 13:59:41 +0000 High-flying Chinese smartphone supplier Xiaomi is bulking up on its patents for smoother international expansion by forming a partnership with software giant Microsoft, the company said Wednesday. Xiaomi said it had purchased nearly 1,500 technology patents from Microsoft covering the fields of video, cloud technology and wireless communication. Microsoft transferred to Xiaomi patents to help ease the firm’s operations in new markets, according to a spokesman from Microsoft. “Xiaomi is looking... https://www.scmp.com/tech/enterprises/article/1961503/xiaomi-bulking-patents-help-microsoft?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/1961503/xiaomi-bulking-patents-help-microsoft?utm_source=rss_feed Wed, 01 Jun 2016 06:33:02 +0000 Global venture capital fund 500 Startups plans to invest in at least 20 early-stage Chinese companies this year, focusing on those involved in virtual reality (VR) and the so-called Internet of Things (IoT), according to Edith Yeung, a partner at the US-based firm. “We want to help Chinese companies expand in the US,” Yeung said , adding that the fund was favourable towards VR content creators, since large companies, including Sony and Facebook, are already focused on VR hardware. Yeung also... https://www.scmp.com/tech/china-tech/article/1960952/venture-capital-fund-looks-china-start-ups-embrace-virtual-reality?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1960952/venture-capital-fund-looks-china-start-ups-embrace-virtual-reality?utm_source=rss_feed Tue, 31 May 2016 15:30:30 +0000 Chinese internet giant Tencent will concentrate on a handful of core areas related to Big Data in the coming three years while other Chinese companies are also setting their sights firmly on Big Data. “We will transform ourselves, from doing everything on our own to operating only the core platforms, digital contents and financial businesses,” said founder and chief executive Pony Ma Huateng on Wednesday at Guiyang International Big Data Expo, a government-backed technology event. “We will leave... https://www.scmp.com/tech/article/1954550/tencent-baidu-chinese-internet-giants-big-big-data?utm_source=rss_feed https://www.scmp.com/tech/article/1954550/tencent-baidu-chinese-internet-giants-big-big-data?utm_source=rss_feed Wed, 25 May 2016 13:22:56 +0000 Chinese smartphone giant Xiaomi, who develops high-performance and low price handsets, is applying the same tactics to its new consumer drone, a quadcopter with stabilised camera and auto-return function that will retail for less than 3,000 yuan (HK$3,550). “When I saw the drone for the first time, I knew a new time has come,” said founder and chief executive Lei Jun at the launch event on Wednesday. Xiaomi’s Mi Drone has a price around half that of current models from other brands equipped with... https://www.scmp.com/tech/article/1954549/xiaomis-new-drone-cheap-its-smartphone?utm_source=rss_feed https://www.scmp.com/tech/article/1954549/xiaomis-new-drone-cheap-its-smartphone?utm_source=rss_feed Wed, 25 May 2016 13:17:54 +0000 Chinese online advertising service provider PapayaMobile is on track to close multiple acquisitions internationally with funds raised from its recent initial public offering. With its trading debut Tuesday at the National Equity Exchange and Quotations(NEEQ) in Beijing, PapayaMobile is expecting to raise up to US$40 million of funding. NEEQ is a smaller stock exchange with simpler listing process compared with the two main Chinese exchanges in Shanghai and Shenzhen. PapayaMobile is in discussion... https://www.scmp.com/tech/article/1953320/papaya-mobile-pursues-global-growth-strategy-after-raising-us40m-ipo?utm_source=rss_feed https://www.scmp.com/tech/article/1953320/papaya-mobile-pursues-global-growth-strategy-after-raising-us40m-ipo?utm_source=rss_feed Tue, 24 May 2016 12:45:15 +0000 Chinese smartphone giant Xiaomi will further expand in the US market — in cooperation with Google — when it releases a new TV set-top box in the country, according to the company. “This is a significant milestone for Xiaomi and I am really excited to be working closely with Google,” Hugo Barra, vice president of Xiaomi said in a statement on Wednesday after the product was launched at Google I/O, the search giant’s annual announcement event. The Mi box will be the first Android device in the US... https://www.scmp.com/business/article/1947222/xiaomi-enter-us-market-cooperation-google?utm_source=rss_feed https://www.scmp.com/business/article/1947222/xiaomi-enter-us-market-cooperation-google?utm_source=rss_feed Thu, 19 May 2016 03:30:45 +0000 Chinese internet giant Tencent Holdings saw net profit rise 33 per cent in the first quarter to 9.2 billion yuan (HK$10.9 billion), but China’s slowing economy may take its toll on the firm’s online advertising revenue. “Our brand advertising business could face near-term challenges due to the uncertainties of the macroeconomic environment in China,” chairman Ma Huateng said. Tencent’s total revenue rose 43 per cent to 32 billion yuan in the first three months of the year. Advertising revenue... https://www.scmp.com/tech/enterprises/article/1947124/tencent-profit-rises-33-cent-chinas-slow-economy-clouds-advertising?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/1947124/tencent-profit-rises-33-cent-chinas-slow-economy-clouds-advertising?utm_source=rss_feed Wed, 18 May 2016 10:15:30 +0000 Alibaba Pictures Group, the film entertainment arm of Chinese e-commerce giant Alibaba Group, is taking a further step into the booming movie market on the mainland by raising 1.7 billion yuan (HK$2 billion) for its online ticketing service Taobao Movie, the group announced on Sunday. “[The investment will] sustain its [Taobao Movie] operations and further strengthen its market position in a competitive and fast developing business segment,” said Shao Xiaofeng, chairman of Alibaba Picture Group... https://www.scmp.com/tech/article/1945661/alibabas-online-ticketing-business-completes-17-billion-yuan-funding?utm_source=rss_feed https://www.scmp.com/tech/article/1945661/alibabas-online-ticketing-business-completes-17-billion-yuan-funding?utm_source=rss_feed Mon, 16 May 2016 09:44:59 +0000 Indian company GreyOrange, which makes robots that pick and move packages in warehouses, plans to expand to mainland China in the third quarter and become a major operator in the country’s automation market. “We are aiming at a 50 per cent market share in China,” said Nalin Advani, the chief executive for Asia-Pacific and Japan at GreyOrange. As rising wages prompt many labour-intensive businesses to move their operations to neighbouring countries, China has found itself a ripe market for... https://www.scmp.com/tech/china-tech/article/1945569/greyorange-robot-maker-plans-chinese-expansion?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1945569/greyorange-robot-maker-plans-chinese-expansion?utm_source=rss_feed Mon, 16 May 2016 03:10:35 +0000 With the threat of bankruptcy and ruin looming for his company, Baidu founder and chief executive Robin Li Yanhong yesterday rallied employees to help change the culture inside the online search giant as it takes responsibility for a university student’s death last month. Government regulators have ordered Nasdaq-listed Baidu, which controls more than 80 per cent share of China’s online search market, to implement stringent new measures that include limiting the amount of advertisements per page... https://www.scmp.com/tech/china-tech/article/1943445/baidu-chief-says-chinese-online-search-giant-must-change-culture-or?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1943445/baidu-chief-says-chinese-online-search-giant-must-change-culture-or?utm_source=rss_feed Tue, 10 May 2016 13:17:13 +0000 Entertainment start-up Ergeng has captured its Chinese users’ attention by putting five-minute compelling videos online every night. The clips tells engaging stories about people from all walks of life. The one-and-a-half-year-old firm, which attracted an investment of 50 million yuan (HK$60 million) last month, is now valued at half a billion yuan. Founder and veteran media professional Ding Feng, who aspires to make the Hangzhou-based firm an “Alibaba for movie directors”, tells Jack Liu about... https://www.scmp.com/news/china/society/article/1942069/chinese-entertainment-start-aims-be-alibaba-movie-directors?utm_source=rss_feed https://www.scmp.com/news/china/society/article/1942069/chinese-entertainment-start-aims-be-alibaba-movie-directors?utm_source=rss_feed Sat, 07 May 2016 03:00:47 +0000 Chinese companies’ appetite for foreign technology companies continues to grow, as evidenced by Shenzhen-based Kuang-Chi Group. It launched its start-up incubator in Israel with US$50 million to invest in Israeli and other international early-stage companies. It plans to raise that to US$300 million in three years. “Israel is a supermarket for innovation,” said Liu Ruopeng, founder and chairman of the group in a statement. He plans to focus investment on companies working in the field of... https://www.scmp.com/business/companies/article/1941673/chinese-companies-appetite-investing-israeli-technology-companies?utm_source=rss_feed https://www.scmp.com/business/companies/article/1941673/chinese-companies-appetite-investing-israeli-technology-companies?utm_source=rss_feed Fri, 06 May 2016 05:51:30 +0000 Apple remains in a pitched battle inside China’s complex legal system over trademark disputes, years after the technology giant went through a long and acrimonious battle over the iPad name on the mainland. Sources said Apple’s recent legal setback over the exclusive use of the iPhone trademark on the mainland was one of a series of disputes it had with the same company, Xintong Tiandi Technology (Beijing). The Beijing Municipal Higher People’s Court ruled on March 31 against Apple’s appeal in a... https://www.scmp.com/tech/china-tech/article/1941388/apple-loses-another-trademark-fight-mainland-china?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1941388/apple-loses-another-trademark-fight-mainland-china?utm_source=rss_feed Wed, 04 May 2016 13:03:18 +0000 Chinese internet search giant Baidu saw its Nasdaq-listed shares continue to fall on Tuesday as analysts see its corporate reputation and revenue taking a hit this year following a university student’s death linked to a cancer treatment he searched online. Beijing-based Baidu’s share price went down 2.54 per cent to finish at US$174.36 on Tuesday in New York. That was the stock’s lowest close since March 8, when it reached US$172.81. Baidu, which has about an 80 per cent share of China’s online... https://www.scmp.com/business/companies/article/1941021/baidu-shares-continue-slide-new-york-amid-concerns-over-chinese?utm_source=rss_feed https://www.scmp.com/business/companies/article/1941021/baidu-shares-continue-slide-new-york-amid-concerns-over-chinese?utm_source=rss_feed Wed, 04 May 2016 02:30:15 +0000 Internet search giant Baidu could face stiff penalties and health-care-industry digital ads could be subject to tougher controls in the aftermath of a university student’s death, according to analysts. Shaanxi computer science student Wei Zexi, 21, suffered from a rare form of cancer and sought experimental medical treatment at a hospital in Beijing that topped a Baidu search result. He chronicled his ineffective treatment online, and his death last month prompted a public outcry. The analysts... https://www.scmp.com/tech/china-tech/article/1941002/baidu-may-face-tough-penalties-fallout-students-death-analysts?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1941002/baidu-may-face-tough-penalties-fallout-students-death-analysts?utm_source=rss_feed Tue, 03 May 2016 16:15:45 +0000 A state-backed campaign against pornography and illegal publications in China has forced at least five online data storage providers to shut down their services in March and April, according to the companies affected. That initiative has marked an apparent escalation of controls being implemented over online content on the mainland. It was rolled out over the same period when Beijing Apple’s iTunes and The Walt Disney Company’s DisneyLife online media services were quietly closed under sweeping... https://www.scmp.com/business/article/1940477/online-data-storage-providers-shut-down-china-digital-content-crackdown?utm_source=rss_feed https://www.scmp.com/business/article/1940477/online-data-storage-providers-shut-down-china-digital-content-crackdown?utm_source=rss_feed Mon, 02 May 2016 05:30:30 +0000 Pay and bonuses at Chinese internet giant Tencent Holdings reached new heights last year as one employee took home more than HK$274 million in annual pay while three others brought in more than HK$183 million. The unnamed employee’s emoluments, show company filings, exceeded that of “King of Employees” Canning Fok Kin-ning, who received HK$210 million from CK Hutchison Holdings last year. While the identity of the Tencent employee is not known, a source close to the Hong Kong-listed company who... https://www.scmp.com/tech/article/1939584/tencent-executive-earned-more-hk274-million-annual-salary-filings-reveal?utm_source=rss_feed https://www.scmp.com/tech/article/1939584/tencent-executive-earned-more-hk274-million-annual-salary-filings-reveal?utm_source=rss_feed Thu, 28 Apr 2016 11:56:41 +0000 China is poised to pad its lead in the global market for commercial unmanned aerial vehicles, more widely known as drones, as start-up Zero Zero Robotics releases a new smaller, consumer-friendly device. “We are opening up a brand new market for drones,” Zero Zero founder and chief executive Wang Mengqi told the South China Morning Post. Wang described the company’s new Hover Camera drone as the first “proximity drone” in the market, designed for consumers to take selfies instead of doing aerial... https://www.scmp.com/tech/china-tech/article/1938933/chinas-zero-zero-robotics-comes-new-drone-selfies?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1938933/chinas-zero-zero-robotics-comes-new-drone-selfies?utm_source=rss_feed Tue, 26 Apr 2016 16:00:00 +0000 Chinese smartphone giant Xiaomi is rolling out its own mobile payment service on the Chinese mainland in collaboration with China UnionPay, which had earlier partnered with Apple and Samsung Electronics on the launch of their payment platforms in the country. The new service is expected to become a major business that would allow Xiaomi to operate more as an internet services company with a vast smartphone customer base, analysts said. Xiaomi, the mainland’s largest smartphone supplier last... https://www.scmp.com/tech/china-tech/article/1937777/xiaomi-partners-unionpay-online-payments-service-targeting-china?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1937777/xiaomi-partners-unionpay-online-payments-service-targeting-china?utm_source=rss_feed Fri, 22 Apr 2016 11:42:57 +0000 An unlikely new challenger to Tesla has emerged as Chinese entertainment and consumer technology company LeEco unveiled its own self-driven electric car on Wednesday. The futuristic-looking sedan called LeSEE ran briefly on its own and parked itself by the side of the stage at the launch event in Beijing staged by LeEco, the company previously known as Letv. The current prototype model has a top speed of 130 miles an hour, said Ding Lei, head of LeEco’s automobile division, called the Super... https://www.scmp.com/tech/china-tech/article/1937421/move-over-tesla-chinas-leeco-rolls-out-self-driven-electric-car?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1937421/move-over-tesla-chinas-leeco-rolls-out-self-driven-electric-car?utm_source=rss_feed Wed, 20 Apr 2016 13:10:26 +0000 China has edged out the United States as the world’s prime source of internet-related security threats, according to a report by cyber security software provider Symantec Corp. More than 23 per cent of global threat incidents came from the mainland last year, up from around 10 per cent the year before, said its Internet Security Threat Report released this week. The sharp growth of zombie computers, systems taken control by hackers, spurred the overall increase, the company said. Theses zombie... https://www.scmp.com/tech/article/1936049/china-now-largest-source-internet-threats-thanks-rise-zombie-computers?utm_source=rss_feed https://www.scmp.com/tech/article/1936049/china-now-largest-source-internet-threats-thanks-rise-zombie-computers?utm_source=rss_feed Thu, 14 Apr 2016 18:15:45 +0000 Chinese smartphone giant Xiaomi plans to enter the artificial intelligence (AI) market by becoming an AI component provider for traditional electronics manufacturers looking to make their products intelligent, according to a top executive. “Our artificial intelligence technology will be everywhere,” co-founder and vice-president Wong Kong Kat told the South China Morning Post on Wednesday. He expects the company’s thrust to result in a wider adoption of intelligent devices in the future. “Even a... https://www.scmp.com/business/companies/article/1935808/chinas-xiaomi-wants-put-artificial-intelligence-everywhere?utm_source=rss_feed https://www.scmp.com/business/companies/article/1935808/chinas-xiaomi-wants-put-artificial-intelligence-everywhere?utm_source=rss_feed Wed, 13 Apr 2016 12:15:30 +0000 KOI, the first Chinese-developed Play Station 4(PS4) game for Western markets will be released on April 19, said its publisher, Beijing-based Oasis games. It came one year after the game console officially entered the country and three years after Sony launched it. “This is such a significant event for us as a small studio,” said Li Zhe, founder and chief executive of the game’s developer, Tianjin-based Dotoyou Games. “There will be many more Chinese games to be featured on game consoles soon,”... https://www.scmp.com/tech/article/1935601/first-made-china-ps4-game-be-released-and-more-come?utm_source=rss_feed https://www.scmp.com/tech/article/1935601/first-made-china-ps4-game-be-released-and-more-come?utm_source=rss_feed Tue, 12 Apr 2016 14:39:37 +0000 Faced with a worldwide weakness in PC and printer demand, international vendor HP is betting on Asian markets to drive its growth. “You are going to find a significant portion of that [growth opportunity] in Asia,” said Richard Bailey, president for Asia-Pacific and Japan at HP. “HP as a company is much more focused on countries outside of US,” said Anneliese Olson, vice-president of the computing category for the region. HP, the PC and printer business of the now-split Hewlett-Packard, has seen... https://www.scmp.com/tech/article/1935270/hp-looks-asia-drive-growth-pc-printer-demand-weakens-worldwide?utm_source=rss_feed https://www.scmp.com/tech/article/1935270/hp-looks-asia-drive-growth-pc-printer-demand-weakens-worldwide?utm_source=rss_feed Mon, 11 Apr 2016 11:03:26 +0000 China’s central government plans to establish a network of manufacturing innovation centres nationwide that official bodies and private companies can co-invest in to upgrade the country’s manufacturing sector, said government official. “The government will collaborate with the private sector and they will both share the spoils,” said Li Beiguang, deputy director general of the department of planning, which operates under the Ministry of Industry and Information Technology. “The amount of... https://www.scmp.com/tech/science-research/article/1934248/china-plans-enormous-investment-15-innovation-centres-take?utm_source=rss_feed https://www.scmp.com/tech/science-research/article/1934248/china-plans-enormous-investment-15-innovation-centres-take?utm_source=rss_feed Thu, 07 Apr 2016 10:58:05 +0000 Even though it isn’t technically real, or even fully developed yet, virtual reality is already spurring safety concerns beyond the clunky glasses and simulated worlds that users temporarily inhabit. One scholar who visited the Beijing Institute of Technology last year was reportedly so influenced by his experience of testing out a sports car racing simulator that he walked outside and immediately caused a traffic accident. “He got too used to the simulation and hit the gas too aggressively while... https://www.scmp.com/tech/china-tech/article/1934058/whole-new-world-trouble-virtual-reality-content-must-be-regulated?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1934058/whole-new-world-trouble-virtual-reality-content-must-be-regulated?utm_source=rss_feed Wed, 06 Apr 2016 13:53:54 +0000 Backed by Hong Kong-listed FIH Mobile and Chinese imaging apps specialist Meitu, social entertainment apps provider migme plans to expand its operations this year in India, the world’s fastest-growing smartphone market. “[After China] the next explosion of social media is in emerging markets” said Steven Goh, the founder and chief executive of Singapore-based migme. Goh said migme, previously known as mig33, has the ambitious goal of becoming the Facebook of these emerging markets. “There are... https://www.scmp.com/tech/article/1933749/facebook-emerging-markets-china-backed-migme-targets-india-armed-lessons?utm_source=rss_feed https://www.scmp.com/tech/article/1933749/facebook-emerging-markets-china-backed-migme-targets-india-armed-lessons?utm_source=rss_feed Tue, 05 Apr 2016 09:22:42 +0000 China’s booming e-commerce market may be fuelling increased domestic consumption but it has also created environmental problems due to large amounts of parcel packaging waste. Most of the waste is made of plastic that takes centuries to biodegrade at landfills, according to a report from China’s State Post Bureau. It hardly costs anything to buy material for packaging, but it costs a fortune to recycle Chinese researcher Data from the Chinese Institute of Graphic Communication shows there were... https://www.scmp.com/tech/article/1932688/mountains-climb-chinas-booming-e-commerce-market-creating-waste-management?utm_source=rss_feed https://www.scmp.com/tech/article/1932688/mountains-climb-chinas-booming-e-commerce-market-creating-waste-management?utm_source=rss_feed Thu, 31 Mar 2016 10:45:30 +0000 Hong Kong saw exports of electronic products grow 2.4 per cent by value last year despite total shipments of goods from the city dropping 1.8 per cent overall, the Hong Kong Trade Development Council (HKTDC) said this week. The body expects total exports to plateau this year but acting executive director Benjamin Chau said the electronics industry is still reaping rewards. “The overall market environment may not be good, but it won’t affect the electronics business greatly,” he said. “[In an... https://www.scmp.com/tech/article/1932280/hong-kong-sees-exports-decline-18-cent-electronics-buck-trend-still-citys-top?utm_source=rss_feed https://www.scmp.com/tech/article/1932280/hong-kong-sees-exports-decline-18-cent-electronics-buck-trend-still-citys-top?utm_source=rss_feed Thu, 31 Mar 2016 04:46:47 +0000 New York-based co-working space provider WeWork, in which Lenovo Group parent Legend Holdings is a major investor, is poised to expand in Hong Kong, Shanghai and other Chinese cities this year to tap their growing start-up communities. WeWork will expand into Shanghai this June and Hong Kong during the second half of this year, said a company spokesperson. It will open in other Chinese cities over the next 12 months. “We see great opportunities in China with its active capital investment market... https://www.scmp.com/tech/china-tech/article/1930017/wework-set-co-working-spaces-shanghai-hong-kong-tap-growing-start?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1930017/wework-set-co-working-spaces-shanghai-hong-kong-tap-growing-start?utm_source=rss_feed Mon, 28 Mar 2016 01:00:21 +0000 LIU CHENGCHENG is the founder of 36Kr, a Chinese online platform offering news about technology and start-ups – the mainland equivalent of TechCrunch in the US. He talks to JACK LIU about how making bold decisions has helped him to expand 36Kr into a crowdfunding investment platform for start-ups in China. How did you get started in technology? I was born in 1988 and have loved technology since I was a child and I taught myself computer programming. After reading a lot of magazines about... https://www.scmp.com/news/china/society/article/1931062/liu-chengcheng-bold-decisions-helped-me-turn-36kr-news-website?utm_source=rss_feed https://www.scmp.com/news/china/society/article/1931062/liu-chengcheng-bold-decisions-helped-me-turn-36kr-news-website?utm_source=rss_feed Sat, 26 Mar 2016 18:30:15 +0000 A viable product and a capable team are the two key factors to be admitted to one of the most prestigious incubators in the world, according to mainland Chinese alumni of Y Combinator. The Silicon Valley programme provides each team it incubates with US$120,000 of funding, introductions to investors, and three months of mentorship. Success stories include some of the biggest names in technology such as Airbnb, Dropbox and Reddit. Webpage editor start-up Strikingly succeeded at its second trial... https://www.scmp.com/business/article/1928855/silicon-valleys-y-combinator-demands-teamwork-and-viable-product-chinese?utm_source=rss_feed https://www.scmp.com/business/article/1928855/silicon-valleys-y-combinator-demands-teamwork-and-viable-product-chinese?utm_source=rss_feed Tue, 22 Mar 2016 11:26:36 +0000 Chinese smartphone maker Xiaomi is confident that it still has much potential in the smartphone market, despite an overall slowdown in Chinese smartphone sales, according to executives. “The Chinese smartphone market is very large and has brought in tens of billions of yuan for Xiaomi,” said Liu Wei, senior marketing director at Xiaomi, who was speaking at Monday’s launch of the Redmi Note 3 smartphone. The company declined to disclose its revenue for 2015, although chief executive Lei Jun said... https://www.scmp.com/tech/china-tech/article/1928652/xiaomi-targets-larger-share-chinas-smartphone-market?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1928652/xiaomi-targets-larger-share-chinas-smartphone-market?utm_source=rss_feed Mon, 21 Mar 2016 11:41:05 +0000 Start-up incubators in mainland China are expected consolidate to a few large players in the next few years, according to industry insiders. “The incubator industry will become similar to the hotel industry, which is dominated by several franchises,” said David Zhong, chief executive of Beijing-based Kr Space. Incubators provide early-stage companies with services such as cheap office space, mentorship and an introduction to investors. In recent months, major brands such Kr Space and URwork have... https://www.scmp.com/tech/article/1926855/super-nannies-start-ups-incubator-franchises-will-soon-dominate-china-pundits?utm_source=rss_feed https://www.scmp.com/tech/article/1926855/super-nannies-start-ups-incubator-franchises-will-soon-dominate-china-pundits?utm_source=rss_feed Thu, 17 Mar 2016 11:15:15 +0000 Ingdan.com, operator of China’s largest online supply chain platform for internet-of-things devices, plans to create a US$50 million fund this month to invest in hardware start-ups in Hong Kong. The fund will focus on young companies developing hardware for smart devices or related technologies. Software companies and those that make other consumer devices will not be considered, according to Shenzhen-based Ingdan. It said that only start-ups registered in the city will be eligible to apply for... https://www.scmp.com/tech/article/1925824/smart-city-riding-iot-boom-ingdancom-sets-us50-million-fund-start-ups-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/article/1925824/smart-city-riding-iot-boom-ingdancom-sets-us50-million-fund-start-ups-hong-kong?utm_source=rss_feed Wed, 16 Mar 2016 07:21:55 +0000 Chinese start-up Ximmerse plans to push virtual-reality applications to the masses by delivering a dedicated controller and sensors as accessories for smartphones and VR headsets. With offices in Guangzhou and Shenzhen, Ximmerse makes VR motion scanners and joysticks, as well as a so-called “body posture detection system” to facilitate more complex motion control. The accessories can work with VR kits from Google and Samsung Electronics. READ MORE: AlphaGo on a smartphone? Chinese brothers plan... https://www.scmp.com/tech/start-ups/article/1925218/ximmerse-yourself-chinese-start-offers-fans-virtual-reality-helping?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/1925218/ximmerse-yourself-chinese-start-offers-fans-virtual-reality-helping?utm_source=rss_feed Tue, 15 Mar 2016 08:56:24 +0000 Smaller players in China’s increasingly competitive Android smartphone market are going out of business at a fantastic pace, industry insiders say. There were around 500 Chinese smartphone brands two years ago but that number has since dwindled to close to 100, Nubia co-founder Mai Donghai said in January. Mai also serves as senior vice president of Nubia, the smartphone brand of telecommunications equipment giant ZTE. “The industry will consolidate around a handful of big players in the near... https://www.scmp.com/tech/article/1923585/hundreds-chinese-smartphone-brands-dying-huawei-xiaomi-and-two-top-rivals?utm_source=rss_feed https://www.scmp.com/tech/article/1923585/hundreds-chinese-smartphone-brands-dying-huawei-xiaomi-and-two-top-rivals?utm_source=rss_feed Sat, 12 Mar 2016 06:15:15 +0000 Of the 73 billionaire self-made women in the world reported last year, 49 or two-thirds came from China, according to a Hurun Research Institute report released in October. And a number made their fortune in China’s technology circles with some of the most inspiring stories in the world of business today. While gender inequality remains an issue in modern-day China, the situation is changing quickly and Chairman Mao Zedong’s famous proclamation that women “hold up half the sky” is becoming more... https://www.scmp.com/tech/article/1922659/power-players-five-richest-and-most-influential-women-chinas-technology-circles?utm_source=rss_feed https://www.scmp.com/tech/article/1922659/power-players-five-richest-and-most-influential-women-chinas-technology-circles?utm_source=rss_feed Wed, 09 Mar 2016 06:30:45 +0000 Chinese air conditioner giant Gree Electric plans to enter the mainland’s fast-growing electric car market through the purchase of carmaker Yinlong New Energy, Gree announced on Monday. The Shenzhen-listed home appliance manufacturer said in a report filed to the Shenzhen Stock Exchange that it was preparing to purchase Yinlong and financial terms of the deal would be announced within 30 days. Zhuhai-based Yinlong was valued at 5 billion yuan (HK$5.9 billion) when investment company Fangde New... https://www.scmp.com/tech/enterprises/article/1921922/air-conditioner-manufacturer-gree-announces-plan-buy-electric?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/1921922/air-conditioner-manufacturer-gree-announces-plan-buy-electric?utm_source=rss_feed Mon, 07 Mar 2016 10:29:23 +0000 Mainland Chinese start-up Horizon Robotics, founded by the former head of online search giant Baidu’s Institute of Deep Learning, claims it is on pace to bring chips with built-in artificial intelligence (AI) technology to market. “General processors are too slow for AI functions. A dedicated chip will dramatically increase the speed of these functions,” Yu Kai, the founder and chief executive of Horizon Robotics told the South China Morning Post. Founded in Beijing in July, Horizon Robotics is... https://www.scmp.com/tech/article/1921396/chinese-start-track-deliver-artificial-intelligence-chip?utm_source=rss_feed https://www.scmp.com/tech/article/1921396/chinese-start-track-deliver-artificial-intelligence-chip?utm_source=rss_feed Sun, 06 Mar 2016 08:30:15 +0000 The global market for commercial unmanned aerial vehicles, more widely known as drones, may be going the way of the smartphone industry as competition between Chinese suppliers intensifies. Shenzhen-based DJI, the world’s largest supplier of civilian drones, is looking to keep a step ahead of its Chinese rivals with the release of more advanced and consumer-friendly products. “We are entering an era where beginners can fly with confidence,” DJI chief executive Frank Wang Tao said on Tuesday in... https://www.scmp.com/tech/article/1919966/competition-drone-market-threatens-innovators-dji-releases-sensor-laden-product?utm_source=rss_feed https://www.scmp.com/tech/article/1919966/competition-drone-market-threatens-innovators-dji-releases-sensor-laden-product?utm_source=rss_feed Wed, 02 Mar 2016 12:10:51 +0000 Chinese entertainment portal LeEco saw its revenue jump 90 per cent to 13 billion yuan (US$1.99 billion) last year as sales of its smart TVs took off, according to a preliminary earnings report filed today. Its total net income rose over 59 per cent, it reported. Formerly known as Letv, the Shenzhen-listed company is one of the top providers of smart TVs and online streaming content in China. It also makes consumer electronics. READ MORE: Here we go! As Cahill, Teixeira, Erikkson make Chinese... https://www.scmp.com/tech/article/1918827/riding-chinas-smart-tv-boom-leeco-sees-revenue-jump-90-cent-2015?utm_source=rss_feed https://www.scmp.com/tech/article/1918827/riding-chinas-smart-tv-boom-leeco-sees-revenue-jump-90-cent-2015?utm_source=rss_feed Mon, 29 Feb 2016 11:10:01 +0000 High-flying Chinese technology start-up Xiaomi is looking to make a big push into more markets and the higher-end segment of the global smartphone industry, following its first-ever global product launch on Wednesday. The Beijing-based company unveiled its latest flagship model, the ceramic-encased Mi 5, that appears part of a master plan to differentiate it from the other aggressive Chinese smartphone suppliers, like Huawei Technologies and Lenovo Group. “It’s the most beautiful device we have... https://www.scmp.com/tech/social-gadgets/article/1916497/xiaomi-unveils-mi-5-flagship-its-first-global-smartphone-launch?utm_source=rss_feed https://www.scmp.com/tech/social-gadgets/article/1916497/xiaomi-unveils-mi-5-flagship-its-first-global-smartphone-launch?utm_source=rss_feed Wed, 24 Feb 2016 12:15:00 +0000