8 must-read tech stories in China this week


CTW - China tech news this week

We got tons of news from China’s social media sphere this week, among other things. Here’s out top picks from the mainland.

1. On pace with Alibaba and Tencent, Baidu will continue its acquisition spree in 2014

The company projects revenues will hold strong through Q1, and CEO Robin Li says more acquisitions are on the way in 2014.

2. China’s social media landscape in 2014 (INFOGRAPHIC)

YouTube is blocked in China – and services like Hulu are not available – but China’s web users have a huge array of video sites to choose from, such as Youku, PPTV, Sohu Video, and iQiyi (all shown on the graphic).

3. Shanghai issues new limits on transportation apps, which could affect China’s taxi apps and Uber

Uber’s business model differs greatly from those of Didi Dache and Kuaidi Dache, but both present credible threats to Chinese taxi companies – in theory, at least.

4. Boosted by WeChat sharing, Tencent’s fun video app hit 160 million views on Valentine’s Day

After seeing hundreds of millions of people start using the WeChat messaging app, Tencent (HKG:0700) decided to expand upon it last year with a standalone, Vine-like video sharing app.

5. Huawei gets aggressive with Xiaomi in China, puts a tiny price on its massive new phone

In most places, the new MediaPad X1 will cost $550 for the 4G LTE variant, but in China it will be a mere $330 (RMB 1,999).

6. LinkedIn launches beta in mainland China, but many social features missing

The integration into China’s most widely-used app could prove invaluable to LinkedIn’s career in China.

7. Sina posts big profits ahead of potential Weibo IPO, but we wouldn’t invest in it

Profits aside, Sina Weibo by itself is already showing signs of decay, and we wouldn’t touch it with a ten-foot pole.

8. Sina Weibo adds 2.5 million daily active users, growth cut in half

Sina’s latest earnings call revealed the company’s Twitter-like social forum Sina Weibo added 2.5 million daily active users last quarter.

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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