China Tech
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October 28, 2016
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Weekly news and insights about startups and innovations happening in China.
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Sarah Perez
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TechCrunch
Amazon announced today it’s bringing a version of its Prime membership program to customers in China, which will include free, cross-border shipping from the Amazon Global Store as well as no minimum free domestic shipping, the company says. The service, which will compete with local rivals like Alibaba and JD.com, will cost 388 yuan ($57.23) per year after the first year, a discounted rate.
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Charles Clover and Sherry Fei Ju
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FT
Beijing tackles fake online reviews but will also compile citizens’ ‘credit blacklist’.
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Lauren Hirsch and Sruthi Shankar
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Reuters
Shares of Chinese package delivery company ZTO Express (ZTO.N) fell 15 percent from the company's IPO price in its U.S. market debut on Thursday, despite having raised more than expected at $1.4 billion the night before.
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Catherine Cadell and Paul Carsten
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Reuters
Baidu said revenue could slip as much as 4.6 percent in the October-December period, following the 0.7 percent third-quarter drop it reported on Thursday. Though the latter was better than analysts had estimated, the warning was enough to send shares down as much 4 percent extended New York trading.
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C. Custer
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Tech in Asia
A food-focused VC is something that Matilda said China’s tech industry desperately needs. “There are more and more entrepreneurs aware of [China’s food system] challenges, but they don’t have enough capital, experiences, or the mentor network to help them succeed and grow rapidly,” she said.
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Remember operator billing?
 Operator billing was once thought to be the perfect mobile commerce platform. But for various reasons, it failed to pick up traction. Learn why, and find out about the new future of m-commerce, here.
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