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Made For The World. Built And Designed In China.

For years, the iPhone has carried a small etching on the back that says ‘Designed by Apple in California. Assembled in China.’ It’s fueled the stereotype that China is the world’s factory, but hasn’t had a flexible enough education system to produce R&D talent that can also design world-class products for a global audience. But that’s a stereotype that isn’t exactly true anymore. A small group of companies — both small, bootstrapped app startups and multi-billion dollar giants like Tencent — are showing that they can design apps or higher-end hardware with international appeal. Tencent, one of the country’s gargantuan Internet powers with a market cap of $72 billion dollars, often likes to point out the international reach of its messaging app Weixin or WeChat. That app has blossomed to more than 190 million monthly active users over the past year and with about 40 million of registered users outside of China. “I’m very glad to see the internationalization of Tencent,” ...

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Found less than 1 hour ago on channel TechCrunch

Evernote Launches Yinxiang Biji Business, Taking Its Premium Business Service To China

A year ago, Evernote kicked off its strategy to bring its personal organization app to China, with the launch of Yinxiang Biji on its own dedicated platform. Today, it's taking the next step in monetizing that with the introduction of Yinxiang Biji Business. Phil Libin, CEO and founder of Evernote, announced the news today at the GMIC conference in Beijing, where he also noted that since launching last year, the bigger Evernote Business product has now signed up some 5,000 companies to using it.

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Found 2 weeks ago on channel TechCrunch

Alibaba Group's New Stake In Sina Weibo May Help Its Nascent Smartphone OS Gain Traction Against Android & iOS

Pouring $586 million in Sina Weibo gives Alibaba Group several perks, including an inroad into social media and access to the microblogging platform’s data. Not only that, but its new 18 percent stake in Sina Weibo may also give Alibaba Group a leg-up as it seeks to promote its own smartphone operating system Alibaba Mobile OS (AMOS) as a rival to Android. As the Wall Street Journal writes, Alibaba Group’s investment in Sina Weibo means that it now has access to data generated by the platform’s 46.2 million daily users. This is on top of the 500 million registered users on Taobao, one of Alibaba Group’s e-commerce sites. “If you are a big Internet company and you are ambitious enough in the mobile space, you have to do more than apps. Otherwise, you are just a small species in an ecosystem controlled by others,” Alibaba chief strategy officer Zeng Ming told WSJ. Zeng said that Alibaba Group’s target for AMOS is to power 10 percent of all smartphones shipped in China, an ambitious ...

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Found 3 weeks ago on channel TechCrunch

WPP CEO Sorrell: Google Will Overtake News Corp As Our Largest Media Investment This Year Or Next

Martin Sorrell, the CEO of WPP, today laid out a stark picture of how significant a role digital is playing for the advertising giant. Speaking at the FT Digital Media Conference in London today, he said that digital now accounts for 34% of WPP’s media investment, amounting to some $72 billion, rising “from zero to over one-third in about ten years, the age of Google,” he said. Google, he said, is the second-largest recipient of that digital spend at the moment, at around $2 billion for the quarter, but that it will soon overtake the single biggest beneficiary at the moment, News Corp. Sorrell described Google as “a media owner masquerading as a tech company.” Sorrell referred to these numbers as a preview of WPP’s quarterly results, which are out tomorrow. He added that at the moment AOL and Yahoo are each getting around $400 million to $500 million in ad spend via WPP. Facebook, despite its size and current popularity, is only around $270 million. Twitter, he added, is “much ...

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Found 3 weeks ago on channel TechCrunch

Chinese Gaming Publisher Yodo1 Raises $5M In Round Led By Singapore's SingTel Innov8

Yodo1, a Beijing-based company that works intensively with Western game developers to bring their titles to the Chinese market, raised $5 million from SingTel Innov8, the corporate venture arm of a mobile carrier. An earlier investor, Chinese online game maker Chang You, also participated in the round. Yodo1 has a co-production model where they actually get access to the code base of a Western developers’ game. They modify the graphics, virtual goods and music for local Chinese tastes. An example CEO Henry Fong points to is Ski Safari, a game from Brisbane, Australia’s Defiant Development. In the platformer title, a character races up and down ski slopes (kind of like last year’s indie hit Tiny Wings out of Germany). For the Chinese version, they made the architecture of the houses in the background more Chinese, added a zither to the music and put in terra cotta warrior outfits. “We’re a full blown co-production team,” Fong said in an interview a few weeks ago at San Francisco’s ...

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Found 1 month ago on channel TechCrunch