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10 must-read tech stories in China this past week

CTW - China tech news this week

Here are the most read stories about China’s recent tech developments that you should know about.


1. Jack Ma is now China’s richest person. How far is he from becoming the richest on earth?

Ma’s net worth is now $21.8 billion, even before his company goes public in what’s expected to be the biggest IPO for an internet company in history.


2. Alibaba vs Amazon in an infographic

Comparing two e-commerce giants, Amazon and Alibaba, in an infographic.


3. Renren, once hailed as China’s Facebook, is dead in the water as active user numbers drop

Renren, the social network once lauded as “China’s Facebook”, is on a slow and agonizing path towards its own vanishing point.


4. Why China’s new domestic desktop operating system could actually stick

China’s next attempt at a mobile homegrown desktop operating system is slated for an October debut. Here’s why it might actually work.


5. Nearly one quarter of China’s population now shops online

The deputy minister of China’s MIIT says 52.5 percent of Chinese internet users now shop online – about 332 million in total.


6. Tesla to build 400 charging points in 120 cities across China thanks to major new partnership

Tesla (NASDAQ:TSLA) is set to build 400 electric car charging points in 120 cities across China. This will be done in partnership with China Unicom (NYSE:CHU; HKG:0762), the country’s second largest telco in terms of 3G subscribers.


7. Tencent’s and Baidu’s $814M joint venture with Wanda signals the coming tide of in-store WeChat payments

China’s largest tech corporations are rushing to penetrate an industry that’s historically not tech-savvy – brick-and-mortar retail.


8. 4 of 5 smartphones in China are Android, most with at least 3 Tencent apps installed

Android’s firm hold on the market has only grown stronger. Baidu says Android has 79 percent market share in China, up from 73 percent one year earlier.


9. WeChat and Alipay ramp up ecommerce race with new features for online and offline merchants

Alibaba has an edge in terms of the number of merchants already on board its Taobao marketplace, but WeChat has an advantage in its huge mobile userbase.


10. Individuals have free speech, groups are gagged: Harvard study shines light on China’s internet censorship

You can say pretty much whatever you want on Chinese social media without fear of being censored, as long as you don’t say it in unison with a collective group.


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