On Nov. 23, APARTSMAN, an ELV end-of-life vehicle dismantling and processing company, received RMB 50 million USD 7.8 million in a round of pre-A series funding from Jiangsu Chenlong Group, boosting its valuation to USD 39 million.APARTSMAN, based in Beijing, has branches in places like Hong Kong, Guangzhou, America and Japan.APARTSMAN s main businesses include intelligent vehicle dismantling by experienced overseas technicians and selling dismantled parts to developing countries through its e-commerce platform.Zhu Jiangang, CEO of APARTSMAN, said the market for dismantled vehicle parts in China is expecting a surge in the near future, up to RMB 600 billion.Dismantled parts and second-hand parts are the future of China s auto parts in the after-sales market, according to Zhu.
china's smog kurittama the capital Beijing plans to cut coal consumption increases 30% this year as part of the companies struggle with growing air pollution levels against, told the Reuters news agency.Beijing has promised to introduce "unusual" measures this year."we're Trying in practice to liquidate coal use zero to six large area as well as Beijing in the southern lowland areas this year," said city mayor Cai Qi.according to Him, Beijing also plans to eliminate the use of small coal-powered the boilers.Originally, Beijing was aiming at the fact that it lowers the coal consumption of less than 10 million tonnes this year.Yet in 2013, coal was used for about 22 tons.
A photograph of Facebook founder Mark Zuckerberg jogging through the smog in downtown Beijing has prompted a torrent of comments – not all of them flattering – on Chinese social media.Zuckerberg, who is in the Chinese capital for an economic forum, posted the photo of himself and five others running through Tiananmen Square on Friday, with the gate to the Forbidden City imperial palace in the background.None wore the air-filtering face masks that are ubiquitous in Beijing and other Chinese cities in the photo, posted to Zuckerberg s Facebook page.At the time the picture was taken, Beijing s air pollution index was well into the hazardous zone, at about 15 times of the level considered safe by the World Health Organisation.Experts urge people to avoid any outdoor activities when pollution is high.Zuckerberg is a much loved personality in China where Facebook is banned along with other overseas social media platforms.
During a flight between Beijing in China and Melbourne in Australia exploded a woman's headphones, about two hours after that flight, the lift from the airport in Beijing reported by many media outlets.the Woman must have been sleeping when the explosion took place, said after the accident:"As I went to turn around I felt the burning on my face.I just grabbed my face which caused the headphones to go around my neck.I continued to feel the burning so I grabbed them off and threw them on the floor.They were sparking bar and had small amounts of fire."
View photosMoreFounder and Executive Chairman of Alibaba Group Jack Ma meets Facebook founder and CEO Mark Zuckerberg not pictured , at the China Development Forum in Beijing, China, March 19, 2016.REUTERS/Shu Zhang Reuters - China's Jack Ma is canceling a planned speech at an anti-counterfeiting conference after the trade group behind it suspended the membership of his e-commerce giant Alibaba Group Holding Ltd, the company said on its news website on Tuesday.Alibaba Group President Michael Evans will represent the company at the conference instead, according to the report on the Alizila website.Alibaba has been accused by several brands, including Gucci and Yves Saint Laurent, of being a conduit for counterfeiters.Alibaba said on Alizila that it remains firmly committed to the protection of intellectual property rights and combating counterfeit."We look forward to engaging with the IACC membership on IP enforcement issues on May 19th in Orlando, Florida," it said.
Chinese mobile dating app Tantan has raised a $32 million USD series C funding from a group of investors, including LB Investment, Vision Capital 元璟资本 , and DST Global.The latter is headed by Russian billionaire Yuri Milner, whose investment portfolio includes big name tech companies, including Didi Chuxing, Xiaomi, Facebook, Snapchat, and Twitter.After this round of funding, we plan to continue focusing on user pain points, improving daily usage, and consolidating our position in the social application industry, a PR spokesperson from Tantan told TechNode.Well this looks familiar…The company claims to have 2.5 million active users, about 80% of which are part of China s post-90 s generation.According to Chinese media, the male-to-female ratio on Tantan s app is 6:4.Founded in 2014, the Chinese app is almost identical to Tinder, down to its UI which lets users swipe left and right for potential matches.In 2015, the Beijing-based company came under fire when multiple security risks in the app were revealed by Hong Kong-based entrepreneur, Larry Salibra.By reverse-engineering the Chinese app, Mr. Salibra discovered that sensitive user data, including passwords and telephone numbers, were not encrypted and vulnerable to hackers.
Google IO 2016 kicks off with a keynote on 18 MayGoogle IO, the company's annual developer conference that gives an insight into what's coming over the next 12 months, kicks off on Wednesday 18 May 2016 .As always, the event begins with a keynote presentation that could reveal all manner of new products, software and technology that Google and its parent company Alphabet have been working on.Chief executive Sundar Pichai and his team are expected to show off updates for Android, Chrome and maybe even some of the company's 'Moonshot' ideas, such as autonomous cars and Google Glass 2.Yes, Google will live stream a video feed from the keynote on YouTube.IO is often a long presentation, somewhere between two and three-and-a-half hours, so you'll want to plan your drinks, snacks and toilet breaks carefully for the rest of the day.IO 2016 is to start at 10am local time, which we have translated into various time zones below:Honolulu: 7am HSTSan Francisco: 10am PDTChicago: noon CDTNew York 1pm EDTLondon: 6pmParis: 7pmAmsterdam: 7pmMoscow: 8pmMumbai: 10.30pmBeijing: 1am Thursday Seoul: 2am Thursday Sydney: 3am Thursday
View photosMoreDancers perform underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014.REUTERS/Kim Kyung-Hoon/File PhotoBEIJING Reuters - Tencent Holdings Ltd , China's biggest social network and online entertainment firm, on Wednesday said growth in its gaming and advertising businesses helped revenue rise 43 percent in the first quarter of 2016, beating analyst estimates.That compared with the 30.66 billion yuan average of 10 analyst estimates compiled by Thomson Reuters.Net profit rose at its quickest rate in over a year, by 34 percent to 9.27 billion yuan.Global monthly active users of Tencent's WeChat app reached 762 million at March-end, representing growth of 39 percent from a year earlier.Tencent also flagged potential difficulty in the near future in its brand advertising business citing China's economic growth rate, which is languishing at 25-year lows.
Organic fragments extracted from host rock of the fossils show well-preserved cellular structure.Photo: AFPA fresh look at fossils of the oldest known complex life form, found near Beijing more than two decades ago, could rewrite the history of evolution, according to a new study led by Chinese scientists.They looked like seaweed and probably carried out photosynthesis, researchers said.Back then, volcanic eruptions, a toxic atmosphere and the near-absence of oxygen prevented life from evolving into large and sophisticated forms.If you look at blade-shaped organisms like this today, things that are leaf-like or seaweed-like ... almost everything that has that shape is photosynthetic, so this suggests that photosynthesis came to the eukaryotes fairly early in their history as well.But not all scientists agreed.
The transportation war has become increasingly brutal in China, with Uber playing catch up since its launch there in 2013.The San Francisco-based ride-hailing company is burning $1 billion to compete against its No.Didi — heavily armed with financing from local tech giants like Alibaba and Tencent — is dominating the market.But it's more than just a money game.Unlike Uber, which focuses on private car rides in China, Didi allows users to be picked up by taxi, private car, shared car, shuttle van or bus.The average employee in Beijing travels about 9 miles to work, which takes about 44 minutes at an average speed of about 12 mph, according to a research report by HSBC.The government is also more tolerant of taxi disrupters regardless of their local or foreign roots, according to Linde.Uber CEO Travis Kalanick said the startup has not faced major regulatory challenges in China so far, though the transport minister is getting fidgety about unfair competition from subsidies by ride-hailing companies.One bright spot is the development of autonomous driving features and their incorporation into the ride-hailing app's fleet.Some believe that the first models could start to appear in China within 1-2 years.Uber is already shopping around for driverless cars, while Didi is in good hands with its deep-pocketed backers and working on a platform to partner with self-driving-technology developers.Whether Uber can sail through China's tough regulatory environment and outpace Didi in the driverless-car race will be key.NOW WATCH: THE STORY OF GOLDMAN SACHS: From foot peddlers to a powerhouseLoading video...
Xiaomi Corp. expects the smartphone industry s sales in China to peak at about 500 million units annually as growth matures in the world s largest market.The natural ceiling for the market is about 500 million phones, Chief Financial Officer Shou Zi Chew said in an interview with Bloomberg Television.Smartphone shipments in China reached a record 438 million units last year, according to Strategy Analytics.Xiaomi shot to the top of China s market by pioneering an online flash sales model that sold inexpensive smartphones directly to consumers, bypassing retail outlets and wireless carriers.Others have since adopted that model, curtailing growth as the Beijing-based company missed its target of selling 100 million devices in 2015 and was overtaken by Huawei Technologies co.Xiaomi, which was valued at $45 billion after a 2014 funding round, has no plans for an initial public offering and doesn t need to raise money, Chew said.He cited market volatility caused by the U.S. election and China s transitioning economy as other reasons to avoid capital markets."Chew expects the rapid consolidation among Chinese vendors will continue.China has about 300 phone makers and that number may be halved in 12 months by competition, a sales plateau and the slowing economy, according to executives and analysts.
MoreApple CEO Tim Cook waves as he attends a talk in Beijing October 23, 2014.China Daily/via REUTERS/File PhotoBEIJING Reuters - The head of China's industry and technology regulator stressed Chinese users' security in a meeting with Apple Inc's chief executive in Beijing, as the U.S. tech titan stumbles in its biggest offshore market.China's ruling Communist Party has also embarked on a campaign to promote domestic technology, which it sees as more secure, and reduce the country's reliance on foreign tech products, especially in critical industries such as finance."I hope Apple can expand its business in China, deepen its cooperation in research and development and industrial supply chains, and provide a convenient and secure user experience for Chinese consumers," said Miao Wei, the head of China's Ministry of Industry and Information Technology MIIT ."China has set a clear precedent with nearly every other tech company that operating in the country comes with certain strings attached, including significant investment in China's tech sector," said Ben Thompson, an analyst who writes at Stratechery.com."Apple has largely escaped this requirement, thanks to its appeal to customers instead of big business, but it seems likely the Chinese government is trying to end that exemption."
People walk past stores promoting the Apple iPhone 6S in the southern city of Shenzhen on January 26, 2016.Photo: ReutersGoogle and Apple, two of the world s most powerful technology giants, respectively unveiled deals with major Chinese technology companies Xiaomi and Didi Chuxing in the past week, fuelling speculation about their China market strategy - or, in the case of Google, China market comeback strategy.Apple has to wrestle with falling iPhone sales, while Google needs to first find its way back into China since pulling out in 2010.A visitor experiences virtual reality goggles of Google Cardboard at the 2016 Global Mobile Internet Conference at the National Convention Center in Beijing on April 26, 2016.Photo: EPAGoogle s search business could return via Sogou, the mainland s third largest search engine company, which is owned by Sohu.com, according to a person with knowledge of the matter, who asked not to be named The two companies have discussed a partnership where Google would perform some of the searches and Sogou would conduct the results screening.Meanwhile Apple s US$1 billion investment in car-hailing app Didi Chuxing is seen as a win-win deal that would help Apple score new growth in China.
China is becoming the most important market on mobile, and Ubisoft wants to tap into this $7.1 billion moneybin.The French publisher announced today its Chinese partner, Ourpalm, will work on a pair of games for mobile players in the world s largest gaming market: Hungry Shark World and an unannounced Assassin s Creed.Ubisoft Montreal is also working on the Assassin s Creed game.Hungry Shark World, out worldwide for iOS on May 5, is the follow-up to Hungry Shark Evolution, which debuted in 2015.Chinese mobile players prefer Android, and to get your game in front of them, you have to find partners — hence the relationship with Ourpalm.Hungry Shark mania is on in China and we are really confident with the launch of this new episode, which is even bigger, hungrier, and sharkier, said Aurelien Palasse, Ubisoft s head of publishing for Greater China.The Assassin s Creed game is a massively multiplayer online role-playing game, and Ourpalm s Beijing studio is working on it.We ve got our most experienced team working on the new Assassin s Creed title, and have high expectations for it.We can t wait to show the Assassin s Creed community in China what the game is about, said Zhang Pei, VP of operations, Ourpalm.
Astronauts Zhang Xiaoguang, Nie Haisheng and Wang Yaping, from left to right, join hands after leaving the re-entry capsule of China's Shenzhou 10 spacecraft in Inner Mongolia in June 2013.Photo: XinhuaSpace is a frontier that could soon fall to privately funded Chinese start-ups looking for commercial opportunities created by the sky-high costs of the state-run space programme, which one expert describes as probably the most expensive in the world .Visitors to the simple but sleek website of Beijing-based One Space Technology are greeted with the slogan We create space express .Most rocket launch pads in China are controlled by the military and access to such facilities is not easy.Adjusted for purchasing power parity at the time, the actual cost of Chang e was a third higher than the Japanese spacecraft.While that centralised structure worked for a poor country with limited resources, it came under increasing challenge from the private sector as the mainland economy grew to become the world s second largest.
On Friday, Chinese digital giant LeEco introduced a 2.0 version of its electric vehicle time-sharing business LeShare.It s a platform that runs in line with LeEco s Super Electric Ecosystem SEE plan, which was introduced by LeEco CEO Jia Yueting at the end of 2014 to build an ecosystem of electric, smart, connected, and socialized cars .If every 10 people share one car, Beijing s six million cars could be reduced to two million, and that means much less traffic pressure and a much better urban environment for everyone, said LeShare chairman He Yi.And with the concept of the sharing economy at its core, LeShare will satisfy anyone s travelling needs at anytime anywhere, in an environmentally friendly way.Registration requires uploading a driving license, and takes merely 30 seconds.Once approved, users can hire an electric car from the nearest LeShare station and, at the end of the service, pay through Alipay or Wechat Pay.When a web connection fails, a text message will send users the password which, upon being entered into the lock pad available on each car, also works as a key.And by 2020, LeShare aims to paint its global picture with over a million pure-electric cars, according to He.LeEco has been aggressively exploring the EV sector globally.
A woman looks at a Weibo advertisement inside a subway station in BeijingChina manufactures 488 million fake social media posts a year to divert citizens' attention from adverse or embarrassing news, according to researchers.Gary King, a political scientist at Harvard University, has compiled the first study of its kind of the secretive Fifty Cent Group, a collective of government workers posing as ordinary citizens on the internet.Contrary to previous thinking the report reveals the group's strategy is likely to distract Chinese citizens by changing the topic of conversation, rather than respond to adverse posts with counter arguments.Video: Social Media Leads China Reforms:: Weibo: Millions Stop Using 'Chinese Twitter'Machine analysis of leaked databases and emails reveals the collective typically swings into action as social unrest or anti-establishment discontent gathers momentum.Around half of the posts appear as posts and comments on government websites while the other half are inserted into the streams of commercial social media sites such as Baidu and Weibo."The Chinese government has long been suspected of hiring as many as 2,000,000 people to surreptitiously insert huge numbers of pseudonymous and other deceptive writings into the stream of real social media posts, as if they were the genuine opinions of ordinary people," the report states.
Photo: ShutterstockAs the Chinese healthcare market continues to boom, Ping An Good Doctor, a medical service mobile app, backed by Ping An Insurance Group , announced on Thursday a Series A funding round of a total of US$500 million.Set up in April last year, the app has hit a reported valuation of US$3 billion, with 77 million registered users and more than 50,000 doctors, Xinhua reported.The app has recruited 1,000 full-time medical professionals and partnerships with 50,000 doctors from public and private hospitals as of last month.Domestic Internet giants and various investors are racing to raise funds to compete for the dominant position in China s digital healthcare market.Tencent-backed doctor appointment website Guahao.com, reportedly with links to 100,000 Chinese doctors and 37 million users, raised nearly US$400 million in September last year, led by Hillhouse Capital, Goldman Sachs and Tencent Holdings.Ali Health, Alibaba s healthcare subsidiary, launched a mobile application in Beijing late last year to connect doctors from grassroots medical institutions and nearby residents.
View photosMoreChinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, March 30, 2016.REUTERS/Kim Kyung-Hoon/File PhotoBEIJING Reuters - China's government has approved a plan to clean up the country's online financial sector, according to people with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals.It outlines stricter rules for peer-to-peer P2P platforms, where lending quadrupled last year to 440 billion yuan $67 billion , according to Citigroup research, forbidding them from holding clients' capital in-house."Good platforms welcome government regulation for a simple reason: without good rules, bad players push out good players," said Wang, adding a lack of regulation forced all platforms into unfair competition.Last month, police arrested 21 executives at Zhongjin Capital Management - a high-profile Shanghai-based platform that promised retail investors double-digit returns for short-term projects - accusing them of "illegal fundraising."The government is also calling for the establishment of a centralized registration system for Internet financial products and a unified platform for Internet bank accounts.
The data is primarily taken from Alipay, Alibaba s online payment platform.The index, growing 12.1 times from January of 2011 to April of 2016, shows that the contribution of online shopping to China s GDP in 2015 is twice that of its contribution in 2012.The focus of online shopping in China is shifting from goods to services.Data shows that online consumption of foods and entertainment grew 70.2 times over five years, an average monthly growth rate of 7.0%.Additionally, luxury needs, rather than basic needs are now driving this transformation in online shopping patterns.Chinese consumers discretionary spending, focused in areas like cosmetics, jewelry and sports products, are feeding markets that are outgrowing the online markets for basic consumer commodities and foodstuffs in many cities and provinces.The top five regions for online spending are Beijing, Shanghai, Zhejiang, Jiangsu, and Guangdong.The last five places on this ranking are comparatively poorer, confirming a link between the local economies and their rate of online spending.Male and female consumers also have their respective online shopping patterns.Top photo from Baidu Images