Chinese Dragon Ron Wēi lián sī Welcomes You!
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.
Read more FULL REPORT
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.
Read more FULL REPORT
Chinese live-streaming apps have found a way to make money off their user-generated content, while enforcing the government’s strict content rules.
See the Video
Live streaming apps have quickly become the hottest broadcast media to watch in China after Wang Sicong, the son of China’s richest man Wang Jianlin, launched an app late last year.
From their start, these apps have been monetised in China, fans and users can purchase different digital sticker gifts including Ferraris to send to their favourite ‘zhi bo wang hong’ streaming stars. These stars can then exchange these gifts for money, on average apps take a cut of around 10%.
Read more FULL REPORT
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 🙂
Read more FULL REPORT
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.
Read more FULL REPORT
With over 200 live streaming apps available in China, it is difficult to choose which ones are the best. There are many factors that can be considered such as number of active users, user demographics, user engagement, types of live video content and more. Here I have chosen 5 of the most popular live streaming platforms that can show a cross-section of the types of live streaming apps found in China.
Read more
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.
Read more: China Boasts Most Billionaires After U.S.
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.
Read more China
Photo shows the Tibetan styled pea jelly “pengbi” of southwest Tibet’s Shigatse prefecture.
Either on the streets of downtown Shigatse or at the entrance of Tashilhunpo Monastery, there are always Tibetan ladies carrying large aluminum pots, with a group of people gathering around her. They are the peddlers moving about selling a kind of food called “pengbi”.
“Pengbi” is a kind of pea jelly of Tibetan flavor. Since this Tibetan name has the same pronunciation with the words “friend” and “must” in Chinese, Tibetans would like to say that “pengbi” is a must-eat food when good friends come, in order to make it remembered.
The pea juice used to make “pengbi” is extracted from the juice to make bean starch vermicelli. When making bean starch vermicelli, peas will be ground into powders, and then water will be added to make it juicy. After sedimentation, the supernatant can be used to feed stocks, and the subsided amylum on the bottom is the material of bean starch vermicelli, while the thick juice in the middle is for making “pengbi”.
Read More FULL STORY
