China Tech
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October 06, 2017
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Weekly news and insights about startups and innovations happening in China.
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Accelerate Your Startup: Apply to Techstars by October 15th
 It’s all about the network. Whether you’re fundraising, expanding to a new region, or looking for new bizdev opportunities, the Techstars Worldwide Network of founders, mentors, investors, and industry leaders is there to support you. Techstars applications are open through October 15th for programs worldwide. Pick your city and program - apply today!
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Tom Hancock, Yingzhi Yang, Yuan Yang
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FT
Tencent controls just over half the video game market in China, according to Niko. This has helped to make it the world’s most profitable video games company, and the eighth most valuable company globally by market capitalisation — worth more than ExxonMobil.
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Coindesk
The Blockchain Research Institute was originally founded in March by Don and Alex Tapscott, and backed by a group companies like IBM and PepsiCo, as well as a number of blockchain startups.
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Emily Bary
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Barron
A press release said that Alibaba will distribute 175 live events annually, including football, basketball, gymnastics, and other collegiate sports matchups. Alibaba will also get 100 hours of original programming. Financial terms of the deal weren’t disclosed.
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Lulu Yilun Chen
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Bloomberg
The pair’s combined valuation would likely exceed $4 billion. The discussions are in a preliminary stage, and may not be consummated, they said.
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