Here are eight top news stories – plus a bonus article – of the most-read China tech developments in the past week.
Firechat app allows iPhone users to connect with each other not just via wi-fi, but also through peer-to-peer connections and Bluetooth. It’s being used at the student-led ongoing protests in Taiwan, and people in mainland China are joining the debate about democracy as well.
The big trouble with this little new gizmo is that it’s a total rip-off of not just one but two crowdfunding projects – one American and one Chinese.
3. Alibaba invests $692 million in Chinese department store chain to fuse offline and online shopping
This deal sees the ecommerce titan teaming up with a retail company that has 28 department stores and eight shopping malls across China.
The upcoming Weibo IPO is a good chance for investors around the world to get a slice of the social network that’s the hive mind and collective voice of China’s web users. But if you cast your mind back to 2011, history has a harsh lesson about social media and IPOs.
5. Chinese taxi-hailing app Didi Dache now books 5 million rides a day, and it spent $225 million to get there
Boosted by an investment from Tencent that saw the taxi-booking service incorporated into WeChat, the startup app maker has been splashing some serious cash to attract new users.
According to a new report, two Xiaomi phone models ranked among the top 10 most-sold smartphones around the world for the month of February.
The upstart phone-maker this week revealed sales targets for 2014 and 2015. After selling just under 20 million phones in 2013, they’re certainly ambitious goals.
Getting back to the subject of Weibo, a few more details were added to the upcoming IPO this week.
BONUS: China’s mobile commerce spending to surpass $50 billion in 2014, nearly double last year’s total (INFOGRAPHIC)
Love infographics? Here’s a new one for you.
That’s all for this week, folks! For our full spread of China coverage, you might like to subscribe to our China RSS feed.
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