There was no shortage of action from the big players in the China tech space this past week, as we saw lots of action from Baidu, as well as some movement in the daily deals and e-commerce spaces. If you missed any of the action over the past seven days, have no fear – here’s our round up of the biggest technology news from the Middle Kingdom.
China has 390 million mobile internet right now. And now new data for 2012 Q3 from Beijing-based mobile analytics startup Umeng claims that as many as 60 million of those are iPhones. Android handsets, as you might have guessed, are thought to be even more widespread, at an estimated 140 million devices.
There was a bit of a speedbump for Xiaomi’s new set top box as the company has to suspend its video services. We’re told by Xiaomi that this is for system maintenance, and hopefully that’s all this is.
China’s flirtatious mobile app Momo launched its English/global version, and so we decided to give it a test run. My colleague Willis had high hopes for this one, but came away a little bit let down.
Chinese internet company YY officially went public this past week on the NASDAQ. And it didn’t do too bad out of the gates early.
The very crowded China group-buy space has shown signs of settling down in recent months, and figures for Q3 2012 saw further consolidation as the top three deal sites now account for 62 percent of all sales.
Speaking of daily deals, China’s top Pinterest clone Mogujie boldly stepped into that messy space this past week, launching two new channels for deals on clothes and household items.
Baidu raised $1.5 billion in its first-ever bonds issue, and its expected that these funds will be used as its turns attentions overseas. We subsequently speculated on the many ways it might spend this cash.
360buy has been all over the place recently, stepping into some new areas outside of its normal online retails. This week saw the company open up an online music store, perhaps purposefully following the example of global e-commerce giant, Amazon.
While mobile chat apps dominate tech headlines here in Asia recently, Microsoft may have sold the farm for MSN in China. I wonder what would happen if they tried to morph it into a clone of WeChat? My guess it that it wouldn’t fly either, but it would be interesting to see if it could be saved.
I get pensive for a little bit, reflecting on some of the Chinese companies that have succeeded in overseas ventures, as well as some of those that have failed. It’s going to be hard for tech companies looking to make a mark on the global stage, and I don’t see things getting easier anytime soon.
Another Chinese company does the Amazon, as electronics retailer Suning teams up with 1,000 publishers to launch an e-book store with 50,000 titles ready to go.