Even as China is touching the moon with its lunar mission, plenty is happening on Earth: the country’s Great Firewall is extending its reach, Chinese companies are growing by launching new products, expanding overseas, and making strategic investments. It’s an eventful week for technology in China.
1. The Jade Rabbit has landed: China touches down robotic rover on moon
Two weeks ago, China blasted off on its third ever moon mission. But the objective this time was all new – to land on the lunar surface.
2. “Godfather of China’s scrappy entrepreneurial spirit”: Alibaba’s Jack Ma is FT’s person of the year
While Time magazine was busy weighing up the Pope and Edward Snowden, the Financial Times has been looking elsewhere for its most influential figure this year.
3. Blame game: what’s the root of Chinese entrepreneurs’ “lack of creativity”?
It’s a catch-22 argument: investors don’t reward creativity, so the Chinese have no impetus to be creative.
4. Boosted by WeChat, China’s mobile gaming market worth $590 million in Q3
The new Plants vs Zombies 2 is also to thank for more smartphone gaming in the country this summer – despite PvZ 2 causing a furore in China over supposed price gouging.
5. As China’s demand for domestic help grows, Ayibang gets series A funding
The Ayibang team reckons that it’s both a safer and more convenient method of finding domestic help than the normal way of asking friends for connections, or turning to online or newspaper classified ads.
6. In yet another Chinese tech IPO, Autohome revs onto Wall Street
The latest one is Autohome (NYSE:ATHM), a car news, listings, and classifieds website, which hit the New York Stock Exchange last night priced at $17 per share.
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