Hey, my Chinese and Indian friends! Welcome to the latest issue of China-India Tech Week.
Blockchain is buzzword of this year. In India, Yes Bank has commercially recently deployed a blockchain solution, which is claimed to be the first blockchain experiment across the country. Xunlei is expected to the first Chinese firm to explore Indian blockchain market. The Shenzhen-based online service provider will test some blockchain hardware at Bangalore in coming months.
Secondly, The scene of Chinese investment in India is bound to change this year. In the past, Some internet giants, such as Alibaba, Tencent, or some prominent VCs, like Shunwei, Foshun RZ contributed to the major proportion. However, there will be more new faces this year. Over the first two months of 2018, I have already met some new VCs from China, for instance, Morningside VC, a early stage investor of Xiaomi and UC.
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4 Must-Read in China Tech
'China's Google' accused of not playing fair by popular news aggregator
In a post on its official WeChat account, ByteDance said Baidu used its “monopoly advantage” to mislead users and damage Toutiao’s reputation, the details of which it has filed in court.
Comment: Even if ByteDance loses the suit, the winner belongs to them. From last year, Baidu began to wake up and realized its true rivals are not Sogou, or 360.com, or other likes, but Bytedance.
Tencent to Back Carrefour in Challenge to Alibaba in Retail
The social media giant, along with local retailer Yonghui Superstores agreed to take a stake in Carrefour China, the companies said Tuesday. They plan to work together on data, smart retail, mobile payments and data analysis.
Gao Xin Retail: Zheng Quntai resigned as the chairman of the board by Zhang Yong took over
Zhang Yong has been appointed as non-executive director and chairman of the Company
Comments: Half a year after Amazon acquired Whole Foods, the war between Alibaba and Tencent has started by buying grocery retailers.
China Cutting Access to Overseas Crypto Trading
"To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs," the website reported, according to a translation published by the SCMP.
Comments: The regulators' tone is getting hasher and hasher, but let's wait and see. Most Chinese cryptocurrency dealers have moved to OTC abroad. It is very hard to examine how will the policy affect them.
The Breakneck Rise of China’s Colossus of Electric-Car Batteries
The company previously forecast sales of as much as 100 billion yuan by 2020, a huge jump from 14.9 billion yuan in its last full-year earnings from 2016. The company’s ramp-up, in turn, will extend China’s grip on global battery production to about 70 percent of the market by 2021, up from 54 percent last year, according to BNEF.
Comments: A lengthy piece, but deserves an intensive reading. It offers a lens to technology development over recent years across China.
China-India Bonds in Tech
Alibaba to launch an OTT video service in India
The video service will be powered by Paytm and UCWeb, besides technology from its native OTT app in China, Youku Todou
Comments: As far as I know, unlikely, UCWeb will be engaged in this new initiative. The reason is very complex. So many changes in UCWeb took place in the last year.
Zomato raises $200 million from Ant Financials
Ant finds Zomato attractive as the Chinese firm continues to be bullish on hyperlocal businesses despite the fact that most such start-ups in India have struggled to succeed.
Comments: Alibaba's daily interaction with Paytm is run by Ant Financials staff. Generally, Ant Financials comes much closer to Paytm. Let's see if there will chemicals between Zomato and Paytm.
How Trivia Went Viral in China
It seems Chinese internet users are motivated with financial incentives, however little they may be. In case of Trivia, most users earn less than 100 RMBs from playing. Sometimes, they may get nothing.