Techmeme

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Stephen Chen / South China Morning Post:
Mobile payments in China reached $5.5T last year, over half the nation's GDP and 50x greater than the $112B in US, as the country sees an uptick in QR code use   —  It's being used to encourage tipping at restaurants, receive cash gifts at weddings...even beggars are using it to collect handouts.
May 29, 2017, 9:25 PMIn context
Zen Soo / South China Morning Post:
Tencent reports Q1 revenues of $7.2B, up 55% YoY, while profits rise 58% to $2B+; WeChat grows to 937M users   —  Sales at China's largest social network operator jumped 55 per cent in the first quarter on mobile games and online advertising.  —  Chinese internet giant Tencent …
May 17, 2017, 10:10 PMIn context
Li Tao / South China Morning Post:
Huawei's CEO Eric Xu Zhijun questions the future of smartwatches, says even though the company has released two watches to date he will never use one   —  It turns out even people at the very cutting edge of technical innovation are entitled to a “technophobe” moment.
Apr 12, 2017, 4:05 AMIn context
South China Morning Post:
Beijing court overturns ruling that said Apple's iPhone 6 violated a defunct Chinese phone maker's design patent   —  Beijing Court quashes city's intellectual property bureau's ruling that US tech giant had violated defunct Shenzhen firm's design patent  —  A Beijing court has overturned …
Mar 25, 2017, 12:45 PMIn context
Meng Jing / South China Morning Post:
Baidu reports 2.6% sales dip, its second straight quarterly decline, says “revenue impact” of 2016 medical advertising scandal is “largely behind” it   —  Online search operator's sales dipped 2.6 per cent to 18.21 billion yuan (US$2.65 billion) in the fourth quarter
Feb 25, 2017, 6:20 PMIn context
Josh Ye / South China Morning Post:
China tightens Great Firewall, declaring Chinese VPN services need prior government approval; large VPN-provider Vypr says it's “working on ways around this”   —  Move means all cable and VPN services need prior government approval and comes as Beijing steps up censorship before power-reshuffle party congress
Jan 23, 2017, 7:25 PMIn context
Zen Soo / South China Morning Post:
LeEco raises $16.8B yuan, around $2.4B, from Chinese real estate developer Sunac, others   —  LeEco, the cash-starved business run by Chinese entrepreneur Jia Yueting, has received 16.8 billion yuan in funding and investments from real estate developer Sunac China Holdings and other investors …
Jan 13, 2017, 11:45 AMIn context
Zen Soo / South China Morning Post:
Google launches Android Pay in Hong Kong, says it is available at over 5K locations to users with devices equipped with NFC and KitKat 4.4 or higher   —  Google launches ‘simple and secure’ mobile payment system, seeking to close ground with WeChat Wallet and Apple Pay which launched in Hong Kong earlier this year
Oct 19, 2016, 9:10 PMIn context
Choi Chi-yuk / South China Morning Post:
China's internet censor says online media cannot gather news from social media without approval or publish news without verification   —  Cyberspace Administration's move comes days after Xu Lin, formerly deputy head of the body, takes on top role  —  China's powerful internet censorship body …
Jul 4, 2016, 9:20 PMIn context
Zen Soo / South China Morning Post:
Twitter appoints Kathy Chen as managing director in China as number of Chinese advertisers grows over 340%   —  Twitter appoints new Greater China head as number of Chinese advertisers balloons over 300 per cent  —  Pioneer microblogging service Twitter has named a new head for its Greater China operations …
Apr 15, 2016, 6:45 AMIn context

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