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9 must-read tech stories in China this week

China tech news this week

China, once again, has got the biggest numbers of the week. Let’s take a look at the successes of all the toughest companies in the Middle Kingdom.

1. Walmart’s online supermarket for China saw $1.9 billion in sales in 2013

This is a testament to the mega-retailers successes and rumor has it, Walmart will be taking its show across the road to Vietnam very soon too.


2. WeChat leaps into banking, lets users set up online investment fund

It seems there’s no end to what chat apps can do.


3. Tim Cook appears in Beijing store for today’s iPhone launch on China Mobile

Apple is pretty optimistic about taking China by store, but will it be able to pull it off? We shall see. Android already has a big foot in the door ahead of the Cupertino giant.


4. Forget Box, SkyDrive, and Dropbox, Tencent’s 10TB of free cloud storage is hands down the best

Who doesn’t want 10 terabytes of free cloud storage? The problem is navigating the site in Chinese.


5. Out of hundreds of Chinese app stores, how Wandoujia rose to the top

This is some great insight into how to make it in China. But knowledge is only a small percentage of the battle.


6. China now has half a billion mobile web users, 618 million total internet users

If Facebook wants 5 billion people online, China will be its biggest barrier.


7. Tencent pumps $193 million into logistics and online merchants in another strike against Alibaba

The war between Tencent and Alibaba continues. Tencent getting into e-commerce and Alibaba getting into chat apps.


8. In just 9 days, WeChat brings in over 100,000 taxi rides for Chinese passengers looking for a lift

WeChat’s got banking and now taxi rides in the bag.


9. App store Wandoujia seals $120 million in funding amidst China’s Android boom

Yummy money for China’s leading Android store.


That’s all for this week, folks. For our full spread of China coverage, you can click here or subscribe to our China RSS.



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