beijing, china, chinese students, mandarin, seattle, tech, technology

Chinese Cloud AI Start-Up CloudMinds Raises $100M

CloudMinds Inc., a Chinese start-up focused on the development of cloud-intelligence-based applications, and backed by SoftBank Group Corp., announced that it raised US$100 million in a series A funding round during a press conference held in Beijing yesterday.

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beijing, china, chinese students, mandarin, seattle, tech, technology

Top 10 Hottest Female Tech Entrepreneurs In China

As many as 79% of entrepreneurs in China are female, compared to 54% in the U.S. and 53% in the U.K., according to a survey conducted last year by a joint venture bank established by the Silicon Valley Bank and Shanghai Pudong Development Bank.

The reason behind this significantly higher ratio of female entrepreneurs could be because more women than men graduate from universities in China. There is also no cultural taboo, as perhaps is evident in Japan, for women to continue working after getting married and having children in the world’s second largest economy, the survey’s author explained.

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beijing, china, chinese students, mandarin, seattle, tech, technology

How Chinese Live-Streaming Apps Make Money


Chinese live-streaming apps have found a way to make money off their user-generated content, while enforcing the government’s strict content rules.

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beijing, china, chinese students, mandarin, seattle, tech, technology

7 Must-Read Articles About the Live-Streaming Industry in China

This article by the LA Times does a great job of giving a clear, concise overview of the live-streaming industry in China. And on top of that it features yours truly 🙂

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beijing, china, chinese students, mandarin, seattle, tech, technology

In China, live-streaming apps soothe lonely souls and create fortunes

Cheng Lihua primped her hair, put on makeup and adjusted her gold-plated microphone. Then she got to work.

“You hurt me so deep that I can’t forgive you,” she crooned into the microphone, nodding her head to the rhythm. “Already knew our love is gone.”

Cheng, a 22-year-old recent college graduate, is a professional “live streamer,” a booming business in China these days. She works four hours a day and earns nearly $3,000 a month chatting and singing songs for an online audience of thousands — all from her bedroom in China’s far-northern Inner Mongolia Autonomous Region, where she lives with her parents.

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beijing, china, mandarin

China Boasts Most Billionaires After US

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Wealthy Chinese look around Bentley’s showroom in Beijing on June 6, 2013.

China now has more billionaires than any country in the world except the U.S., according to a report published by Wealth-X and UBS last month.

According to the Billionaire Census 2013, China now has 157 billionaires with a combined net worth of $384 billion. Reflecting China’s rapid economic rise of recent years, nearly all of the surveyed billionaires are self-made — fewer than one in 10 inherited their wealth. The country’s new super-rich are also relatively young. China’s billionaires have an average age of 53 — nine years younger than the global average.

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beijing, billionaires, china, mandarin, millionaires, technology

The five Chinese entrepreneurs leading the country’s technology revolution

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From a global online ‘anything store’ to high-end smartphones challenging Apple, a generation of billionaire entrepreneurs is rising in the East. We take a closer look at five of them.

Jack Ma is currently leader of the Chinese tech pack. As executive chairman of Alibaba, a web service used by businesses around the world to trade an incredible variety of goods, he has a high profile in the US.

It has helped that the 49-year-old former language teacher is a fluent English speaker. A large part of the interest also stems from the potential for Alibaba to list on Wall Street this year. He is being courted after a falling out with the Hong Kong Stock Exchange over stock structure.

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