As always, China is blowing up with news. This week startups are acquiring new cyber real estate and posting horrible to great earnings. Either way, keeping up with China is a huge project and the news is always interesting in the tech space.
“It’s all too rare that a Chinese startup gets the satisfaction of an exit in which it’s snapped up for its userbase or expertise. But that’s what has happened to the location-based business networking app ZaiZher, which is now acquired by larger rival Tianji.com.”
Only 13.7 percent of Chinese mobile app developers are actually making a profit. That’s a staggeringly small number of people for such a huge market.
It looks like Qihoo is showing everyone that it pays to be dirty. The numbers don’t lie.
WeChat is evolving and adapting new services into its chat app platform, including Taobao. So what’s next for messaging in Asia?
Is e-commerce becoming the newest Chinese trend in money laundering? Looks to be so.
That’s all for this week, folks. For our full spread of China coverage, you can click here or subscribe to our China RSS.
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