Tracey Xiang
TechNode
China
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Past articles by Tracey:
P2P lender China Rapid Finance files for US IPO
China Rapid Finance, which operates an online consumer lending marketplace, has filed for IPO on the New York Stock Exchange to raise up to US$100 million. According to the filing, the company “. . . to use the net proceeds from this offering to acquire more EMMA customers to further penetrate our total addressable … → Read More
Report: China's live streaming market grew 180% in 2016
China's live streaming market grew incredibly fast in 2016, but overall growth will slow in 2017, according to the latest report from iResearch. → Read More
Alibaba's finance arm to allow financial institutions to set up shop in investing app
Ant Fortune, the investing app of Ant Financial Services Group (Alibaba Group’s finance affiliate), unveiled earlier this week Caifu Hao (财富号 or “Fortune Account” in English) which will allow third-party financial institutions to set up shop inside the app. The app currently works as a retailer that features and sells selected financial products from its … → Read More
Video saves Weibo from 2 year decline, makes 2016 best year for Sina
Daily average video views on Weibo, the leading social media in China, increased seven times year-over-year, surpassing 2 billion in the fourth quarter of 2016. Video advertising, launched in the second quarter of 2016, contributed over 10% of its total advertising revenue in the second half of the year, according to Weibo. Though the total … → Read More
Xiaomi Expects Mijia Hardware Sales to Reach 2.2 Billion in 2016
Xiaomi expects smart hardware investments to pay off this year → Read More
Mobile is Reshaping Content Aggregation and Delivery in China
Mobile, automated ad buys, and algorithms are changing content aggregation and delivery in China → Read More
Tencent's QQ Social Platform Opens up to Content Creators
At their 2016 annual partner conference last week, Chinese social and gaming giant Tencent unveiled Entertainment Quotient Plan (EQ Plan), an initiative that makes ways for third-party online content creators on their QQ social platform. Tencent pledged some RMB1 billion (US$150mn) worth of social marketing and other recourses, hoping to help about one thousand third-party online … → Read More
China Has Finally Seen Explosive Growth in Short Original Videos
Miaopai, a leading video clip capturing and sharing app in China, claims to have seen daily views surpass 1.7 billion, up from 510 million in late 2015. Daily video uploads have increased from 1 million to 1.5 million in the same period of time. The app’s growth has been fueled by Weibo, the leading Twitter-like social … → Read More
The Dilemma Of Chinese Online Videos Sites
In recent comments, the President of Tencent, China’s largest internet company by revenue, said the state of the video streaming market was “very unhealthy for everyone”, and that “all other digital content industries are actually in a better shape than the video industry.” The Chinese video sites Martin Lau was referring to are competing aggressively in terms of … → Read More
Xiaomi Launches Mobile Payment Service Mi Pay
Mi Pay, the long-awaited mobile payment service from Xiaomi, will be available for all Xiaomi users from tomorrow. Xiaomi registered a payment service company as early as in 2013, but only in January this year did the company obtain an official license by acquiring a controlling stake in local online payment services company, Ruifutong. Like Apple Pay and … → Read More
Mobile Revenue Is Exceeding PC In China's Live Streaming Market
In the second quarter of this year, YY Inc., the leading user-generated live video streaming company in China, saw mobile users of their two major businesses, YY Music and gameplay broadcasting service Huya, exceeded PC. According to Eric He, CFO of the YY, the company is “in the process of transforming into a mobile company,” which … → Read More
Weibo Bets On Celebrities And Influencers To Boost Their Live Streaming Plans
Weibo, often referred to as the Twitter of China, has take a serious hit over the last two years as social messaging phenomenon WeChat rocketed to the number one social media outlet in China. Seven years old this month, Weibo recorded 126 million daily active users during their second quarter results released yesterday, a fraction of the 570 … → Read More
Alibaba expands aggressively into media and entertainment
The Chinese e-commerce giant has accelerated its expansion into media and entertainment through investment or acquisition since 2014. → Read More
Qihoo 360: Another smart hardware giant wannabe going after Xiaomi
Chinese internet company Qihoo 360 announced yesterday it would invest RMB200 million (around $32.1 million) in a joint venture with Netcoretec, a Chinese networking hardware manufacturer founded in 2000. The move is obviously aimed at helping Qihoo 360′s Wi-fi router business. → Read More
Alibaba and Tencent to launch consumer credit rating services
China’s central bank yesterday issued a notice allowing eight Chinese private organizations, including Alibaba’s Sesame and Tencent, to prepare for the launch of their consumer credit rating services over a six-month period. → Read More
Qunar or Alitrip: Which will be China’s travel Taobao?
These new startups, unlike Ctrip and eLong, are nowhere near being direct competitors to platform providers like Qunar or Alitrip. So these new travel startups will compete to be the "Taobao for tr... → Read More
Xiaomi to invest $200M in Chinese home appliance giant Midea
Xiaomi plans to invest in 100 hardware product companies and sell their products on its online store. → Read More
International payments services are flocking to China
More than a few international payments services recently said China had become one of their biggest markets, as an increasing number of Chinese Internet/mobile companies are actively expanding overseas. → Read More
Chinese location-based social app Momo files for U.S. IPO to raise $300M
Momo, the Chinese location and interest-based social app, has filed for IPO to raise $300 million. → Read More
Chinese users can now shop from Alibaba while watching videos on Youku
Alibaba Group and Youku Tudou, the leading Chinese video site in which the former has a stake, jointly announced two programs for online retailers on Alibaba marketplaces to do marketing on the video platform in different ways. → Read More