As always, China is blowing up with news. This week startups are acquiring new cyber real estate and posting horrible to great earnings. Either way, keeping up with China is a huge project and the news is always interesting in the tech space.
1. Tianji Acquires Business Networking App as Battle Rages to be China’s Top LinkedIn Site
“It’s all too rare that a Chinese startup gets the satisfaction of an exit in which it’s snapped up for its userbase or expertise. But that’s what has happened to the location-based business networking app ZaiZher, which is now acquired by larger rival Tianji.com.”
2. Less Than 14% of Chinese App Developers Make a Profit, Says China Mobile Executive
Only 13.7 percent of Chinese mobile app developers are actually making a profit. That’s a staggeringly small number of people for such a huge market.
3. Despite Being at War With Everyone, Qihoo Posts Stellar 2012 Financials
It looks like Qihoo is showing everyone that it pays to be dirty. The numbers don’t lie.
4. China’s Top E-Commerce Site to Launch Product Searches Inside WeChat App
WeChat is evolving and adapting new services into its chat app platform, including Taobao. So what’s next for messaging in Asia?
5. Chinese Government Rep Says E-Commerce Sites Have Evaded Billions in Taxes
China’s online merchants are avoiding import taxes – and have been for years – so as to sell goods cheaper than in brick-and-mortar stores.
That’s all for this week, folks. For our full spread of China coverage, you can click here or subscribe to our China RSS.
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