China

  • Groupon: Still Getting Pwned In China

    Andrew Mason has been visiting Beijing and Groupon HQ has finally realized there are some problems in China. On the Forbes website, Rebecca Fannin reports: CEO Andrew Mason just arrived in China and hasn’t wasted time shaking things up. Four expatriate executives at Groupon who were recruited from rival site Ftuan just a few months ago will be leaving Groupon China. Read More

  • You Spent How Much? Groupon Restructures International Operations as Mason Goes to China

    You Spent How Much? Groupon Restructures International Operations as Mason Goes to China

    I am in Chicago where I was supposed to be having dinner with Groupon CEO Andrew Mason last night, a dinner planned more than a month ago when I bought my plane ticket. Instead, he has suddenly decided to go to China. It was bad news for me, but good news for anyone looking to buy shares in the company. Also good news: TechCrunch has learned that Groupon’s sprawling, costly… Read More

  • Ballmer: Piracy Kills Chinese Market Earnings By 95%

    Despite the fact the number of PCs in China and the U.S. are pretty similar, Microsoft CEO Steve Ballmer claimed on Wednesday that the company sees 95 percent less revenue coming from China than the States. Why, you ask? Piracy, of course. Other tech companies have had the same problem in China, which could indicate that the Chinese government hasn’t done enough to stop the acquisition… Read More

  • An Explosion At Foxconn Chengdu Engulfs Building, 16 Hurt, 2 Killed

    UPDATED – What appears to be a fire or explosion engulfed one of the buildings at the Foxconn Factory in Chengdu, China. Foxconn is reporting two casualties and 16 hurt and the damage does look severe and quite thorough. MICGadget reported that “10 fire engines, ambulances and 10 police cars” arrived on the scene. Reports state that a few floors in Building A5 (apparently part… Read More

  • Pacific Crest Securities Buys Shanghai-Based Bank to Help Navigate the China Web Chaos

    Boutique tech investment bank Pacific Crest Securities has purchased Pacific Epoch, a Shanghai-based investment research firm specializing in technology. This gives Pacific Crest fifty more bodies on the ground in China to deliver investors better investment research than “This is the (fill-in-the-blank-Western-Internet-company) of China.” That lazy marketing strategy has… Read More

  • Groupon: "Getting It In The Ass" In China

    Groupon: "Getting It In The Ass" In China

    A Global Mobile Internet Conference kicked off last night in Beijing. The opening event was an on-stage interview with John Liu, head of Google’s China operations, followed by a panel discussion with several entrepreneurs and executives from MSN and Zynga. The interview was titled “How foreign companies can succeed in China”, a rather amusing title considering that no… Read More

  • Move Over iFund: DCM, Tencent, GREE, KDDI Launch $100M A-Fund

    We’ve all got iPhone mania in the Valley, never mind that Apple tracks our every move and won’t explain why or that AT&T users can’t actually make calls. But in Asia– and much of the rest of the developing world– the anticipated mobile giant is Android. Android phones are just starting to hit Japan and China, and a flood of cheap new models are expected to come… Read More

  • China's Online Game Market Surges; Set To Top $8 Billion By 2014

    China’s got game. A lot of game. In fact, the Eastern power is rapidly becoming the world’s leader in the online games market. According to a study released by business and consulting firm Pearl Research, the online games market in China will exceed $8 billion by 2014. Though the Chinese gaming market experienced somewhat sluggish growth in the first part of 2010, by year’s… Read More

  • China Is A Nation Of Fakery: Inside The Shanzhai Markets

    It’s hard to believe, but 1 out of 5 phones in the world is counterfeit and the vast majority come from Shenzhen. This ten-minute video explores the Shanzhai phenomenon and the “mobile phoney” market, a wild west sort of world where counterfeit iPhone 4s are hard to tell apart from their real counterparts. The Shanzhai market sees the sale of these phones as a sort of a system… Read More