Alibaba cloud subsidiary Aliyun announced Monday that more help is on the way for Chinese startups thanks to its new “Founder+” program. The program was created by Aliyun together with 30 venture capital firms including Zhenfund, IDG, and Innovation Works, as well as 20 research institutes and incubators and 20 marketing, distribution, and development firms. The collective effort will offer founders funding, office space (including office management resources and hardware), links with and guidance from investors, tax breaks, development units, and soft distribution and marketing services.
NEW DELHI: It has been long rumoured that Chinese device giant Xiaomi is working on an entry-level smartphone. The phone has even appeared online via a leaked picture, closely resembling the Redmi 2. Now, a new report sheds more light on the phone’s price and availability. The affordable mystery device from Xiaomi will be available at CNY 499(about Rs 5,000) and is expected to debut on April 8, as per a new report by Chinese blog Mydrivers.com.
BEIJING: Germany’s BMG music rights company said on Monday it had signed a music digital distribution deal with China’s Alibaba Group Holding Ltd, as the world’s largest e-commerce firm firms up its bid to become a digital media empire. The deal, one of the first in China made by a major music publisher rather than a label, will bring more than 2.5 million copyrights to Alibaba, whose music platforms already had many of the songs from artists including Kylie Minogue, the Rolling Stones and Jean-Michael Jarre, an Alibaba spokeswoman said.
Chinese e-commerce giant Alibaba has recently launched a competition that challenges young contestants’ capability to apply big data to some of the company’s current business areas. The winning team will be awarded 1 million yuan (US$160,000) and career opportunities. Behind the initiative, dubbed “Tianchi” or Heaven Lake, is the Institute of Data Science and Technologies (IDST), led by the company’s vice president Jack Tu, a former Silicon Valley IT expert and the author of The Big Data Revolution.
Cainiao Network, Alibaba’s subsidiary providing logistics services, announced its logistics data on Cuntao, Alibaba’s e-commerce site for villages in rural regions, saying that 13% of Cuntao orders can be delivered on the day they were ordered or the next day, reports Shanghai’s National Business Daily. Since being established in May 2013, Cainiao Network has built up a network that covers 7,600 county-level internet areas, 26,000 town-level internet areas and 190,000 village-level areas, according to Wan Lin, vice CEO of Cainiao Network.
Tencent Interactive Entertainment Group will establish a new animation business unit and a film and copyright business unit to enable the independent operations of those businesses. The new animation business unit will be responsible for development and operation of animation-related content, including planning, development and operation of animation products; creating and operation of animation content; front-end and back-end development and design of animation products, copyright expansion; and commercial operation.
The United States and Russia announced a joint effort to construct a new space station to replace the International Space Station (ISS), but festering geopolitical tensions might yet undo this plan. The announcement made March 28 in Moscow by the Russian Federal Space Agency or Roscosmos is being hailed as a welcome move despite stubborn tensions between Russia and the U.S., especially over the war in Ukraine.
Late last week, an interesting piece ran in Bloomberg about China’s plans to eliminate foreign technology from government agencies and key industries by 2020, mostly for security reasons. China has already begun pushing in this direction – Windows 8 is banned from government computers, Qualcomm got slammed with a massive anti-trust fine, and Apple products like iPads have been removed from approved government procurement lists.
Huawei has expanded partnership with SAP and signed a Memorandum of Understanding (MoU) with research institute Fraunhofer ESK. Both the agreements were recently made during CeBIT 2015. Huawei and SAP will deepen cooperation in Industry 4.0 and the Internet of Things. An expanded partnership with SAP aims towards establishing joint innovation efforts in Shenzhen, China and Walldorf, Germany.
TAIPEI, Taiwan — Taipei City’s Department of Labor (DOL, 勞動局) said yesterday that they will look into Yahoo Kimo (Yahoo奇摩) and China Television Company Ltd.’s (CTV, 中國電視事業股份) mass layoffs, which are estimated to lead to the loss of at least 100 positions. DOL chief Ye Chien-neng (葉建能) said they have yet to receive notice about CTV’s dismissal proposal, however, they plan to send officials to better understand the matter.
Gemalto has announced that China Telecom has selected its UpTeq Multi-tenant NFC SIMs to deploy secure NFC transport services in China’s two largest cities – Shanghai and Beijing. China Telecom is a leading operator in the country with more than 183 million subscribers. According to the digital security services provider, this deployment will enable up to 45 million daily commuters to ride their metros and pay for their everyday purchases with a simple tap of their smartphones.
An activist group working to end China’s Internet censorship is facing an ongoing distributed denial of service (DDoS) attack that threatens to cripples its activities. GreatFire.org, a censorship watchdog based within the country, reported on Thursday that it had been hit with its first ever DDoS attack. Although it’s not known who is behind the attack, China has been suspected of using the tactic before to take down activist websites.
Hangzhou-based TV drama production company Huace Film&TV has teamed up with smartphone manufacturer Xiaomi, with the former’s programs being made available on the latter’s platform including internet TV and mobile devices, reports Shanghai’s China Business News. Hua Theater, the brand name of Huace’s original Chinese-language TV dramas, will enter Xiaomi’s TV and mobile devices via apps or a special section pre-installed in individual devices.
Chinese and Russian technology companies plan to jointly launch an e-commerce platform which aims to promote the cross-border trading between China and Russia. Russian online payment system Yandex.Money will start handling payment services for China online payment platform TradeEase. This project is expected to be launched in summer of 2015 and its turnover is expected to reach USD830,000 within three months.
NEW DELHI: China’s largest smartphone maker Xiaomi will begin selling its flagship phones in The Mobile Store’s brick and mortar shops, a first for the company which has so far stuck to its online-only sales model. A top executive at Xiaomi told ET a relatively lower number of Mi 4 and Redmi Note 4G will be available for purchase at The Mobile Store, which will begin selling them in 55 stores in Delhi NCR, from Saturday, at Rs 19,999 and Rs 9,999, respectively, the same prices as that offered on online partner Flipkart.
Chinese B2B e-commerce platform Hc360.com has reached a purchase deal with Zol.com.cn, an information technology vertical portal website in China, worth CNY1.5 billion. The acquisition deal covers several assets, including Zol.com.cn, Zol.com, and Ea3w.com. ZOL stands for Zhongguancun, which is the name for the area in Beijing rife with universities and technology companies. Zhongguancun is considered the Silicon Valley of China.
Big data may be used for credit checks for internet finance in China in the near future, reports our Chinese-language sister newspaper Want Daily. One correlation that has been thrown up already is that people who stay up late are more likely to be in debt, the paper said. At the session on internet finance during the Boao Forum for Asia (BFA), an annual conference held in China’s Hainan province, several attendees said that behavioral data is being used more and more often as a gauge of credit security by e-commerce companies.
A recent survey by domestic job search site Kanzhun has shed some light on the average salaries of professionals in China’s biggest cities. For each city, the study shows the top three highest-paying industries based on monthly salary. In Beijing, IT and internet professionals take the top spot. That category consists of web developers, software engineers, and everything in between. They make a median RMB 9,420 (US$1,515) per month. By comparison, the median salary for a web developer in America is US$4,473, according to compensation information firmPayScale. In San Francisco specifically, the monthly wage jumps to US$6,393.
China’s LeTV is best known for its popular online streaming platform, but in the past year the company has really been branching out. Within that timeframe it has moved into smartphones, film production, and electric cars. Now it’s moving into the music business too, having on Thursday announced the establishment of the LeTV Music Company in Hong Kong. LeTV Music, which will be headed by former LeTV entertainment boss Yin Liang, is aiming for China’s music market by way of vertical integration, since it already has the technology and internet platforms to distribute smoothly to most of the country.
Foxconn Electronics (Hon Hai Precision Industry) on March 26 announced cooperation with SK C&C, a South Korea-based IT service provider, to establish a joint venture for tapping the China’s IT service market. The joint venture will start operations in May 2015. Foxconn in June 2014 invested NT$10.8 billion (US$342 million) for a 4.9% stake in SK C&C. The joint venture will initially apply IT services to automated production lines at Foxconn’s factories in China, creating a model of integrating IT services with industrial automation for China-based manufacturers.