This week’s been pretty eventful for China, especially as far as money goes. It’s been lots of funding and lots of recorded revenue. That’s good news for the big market.
1. China’s LightInTheBox Files for $86 Million US IPO to Expand its E-Commerce Business
One of the many IPO’s that will come this year in China, LightInTheBox is a platform for Chinese manufacturers (of many kinds of items) to sell to overseas shoppers or small businesses.
2. Baidu Takes a Dig at Qihoo With Launch of Antivirus Apps in China
The war rages on as Baidu attacks Qihoo’s key market. Qihoo released a search engine late last year, so it’s getting heated between the two.
3. Yodo1 Gets $5 Million in Funding From Singtel Innov8, Helps Games Crack the China Market
The interesting Yodo1, which focuses on building games-as-a-service, just got a bunch of funding from Singtel Innov8. Games, of course, are a lucrative market across Asia, and China especially.
4. China Names Porn Offenders That Should be Shut Down, Apple’s App Store Included
This is a bit of odd news as Apple has had a long time reputation of banning porn from its platforms. This puts even more pressure on Apple in China, which is already facing a branding issue in China.
5. CNNIC: Chinese E-commerce Market Exceeded $190 Billion in 2012
Well, that’s just a big number, and within a few years, it will soon exceed the American market. I’m willing to bet that it’ll even beat the American market next year!
6. Kaifu Lee: Rumors of Weibo’s Death Are Exaggerated
This is good news for Weibo, which some thought would be taken down by WeChat and the chat app wave. As Charlie has remarked in the past, Weibo’s demise wouldn’t be a good thing for China.
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