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Startup Digest

China Tech

September 25, 2017

Weekly news and insights about startups and innovations happening in China.

Startup Digest China Tech is curated by:
Xu Tao

Xu Tao - Founder of 硅谷早知道, Editorial Director at 36Kr

Contact Xu Tao at xu.tao@startupdigestmail.com

Edith Yeung

Edith Yeung - Partner at 500 Mobile Collective Fund

Contact Edith Yeung at edith.yeung@startupdigestmail.com

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Amazon's China Hiring Signals Renewed Ambitions in Alibaba Battle

Bloomberg

Amazon.com Inc. is hiring by the hundreds in China to fill jobs ranging from internet software engineers to designers for Alexa, positioning the company to recoup some of the market share it lost to Alibaba Group Holding Ltd. in the world’s largest online shopping arena.

US tries to enlist EU and Japan in China tech fight

Shawn Donnan - FT

Washington steps up moves to tackle Beijing over intellectual property regime.

Social Media Giant Tencent Gets Into Old-School Finance

Lulu Yilun Chen and Cathy Chan - Bloomberg

Tencent Holdings Ltd., China’s largest social media firm, is entering the traditional finance industry by investing in CICC International Capital Corp., a move that may help the investment bank’s expansion in wealth management.

As Apple slows, fast-moving Chinese rivals gain in wealthy markets

Sijia Jiang, Jeremy Wagstaff - Reuters

Apple last week unveiled new iPhones with wireless charging, an edge-to-edge screen and dual cameras - all features already widely available in phones from China’s Huawei and Oppo, and Samsung Electronics.

A peek into how China’s mobile payment trend encroaches on foreign markets through Alipay’s global footprints

Dannie Li

Alipay, or Ant Financial, the finance affiliate of Alibaba, has been accelerating its pace expanding overseas, especially after entering into 2017.I did some research, sorting out the steps of its foray into foreign markets, to look into the reasons why China’s mobile payment giants are aggressively venturing out and the main strategies they have taken to build their position outside of China.

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