China Tech
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February 02, 2018
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Weekly news and insights about startups and innovations happening in China.
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Check out the Startup Digest blog for news and resources!
 Follow the Startup Digest blog for curated news, resources, and stories from the global network. Gather tips from fellow entrepreneurs, meet our curators and keep up to date on the latest Startup Weekend and Startup Week events happening around the world. You will find everything you need on the Startup Digest blog.
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Sankalp Phartiyal
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Reuters
China’s Alibaba (BABA.N) became the biggest shareholder in India’s leading online grocer BigBasket after a $300-million funding round, stepping up its rivalry with Amazon (AMZN.O) in the country.
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Sijia Jiang
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Reuters
China’s Xiaomi replaced domestic rival Vivo to occupy the spot of the world’s fifth-largest smartphone maker after its smartphone shipment grew 74.5 percent to 92.4 million units in the year.
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Pei Li, Adam Jourdan
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Reuters
The strong growth and the move to bind itself more closely with Ant — which operates hugely popular online payment system Alipay — comes as Alibaba looks to fend off rivals in its core e-commerce business that analysts expect will start to weigh on growth.
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Will Knight
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MIT Technology Review
China’s cloud providers, Alibaba, Tencent, and Baidu, are getting ready to do battle with US giants Amazon, Google, and Microsoft to deliver AI online. As Chinese companies seek to expand their reach, they may increasingly aim their cloud services at US companies and developers, and vice versa.
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