Ofo

Founded in 2014 and based in Beijing, China, ofo is the world’s first and largest station-free bike sharing platform. ofo is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip.

To date, ofo has connected more than 10 million bikes to over 200 million users in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 5 billion efficient, convenient, green rides.

Chinese ride-hailing company Didi Chuxing to launch bike-sharing brand

Sainul Abudheen K, writing for e27;

Didi Chuxing, one of the largest ride-sharing companies in the world, today said it will launch a bike-sharing brand.

The company has already launched a bike-sharing feature within its app, which hosts its partner brands such as Ofo.

Didi is an investor in Ofo, which recently raised US$700 million in Series E funding round led by Alibaba.

The ride-hailing giant has also signed a partnership to host Bluegogo, another bike-sharing platform. As per some reports, Didi is also an investor in Bluegogo.

Alibaba smashes its Single’s Day record once again as sales cross $25 billion

Jon Russell, writing for TechCrunch;

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.

The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform. In Alibaba’s case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide. All told, Alibaba handled 1.48 Billion transactions during the 24-hour period.

This is all in just one day! These numbers are truly staggering!

Nokia 7

Here are the notable specs of the Nokia 7;

  • 5.2-inch 1080p IPS LCD display
  • Qualcomm Snapdragon 630
  • 4 GB RAM / 6 GB
  • 64 GB / 128 GB Storage
  • Storage is expandable via microSD
  • Rear camera: 16 megapixel camera with 1.12um pixels and an f/1.8 aperture
  • Front camera: 5 megapixel camera with 1.4um pixels and an f/2.0 aperture
  • IP54 splash proof
  • Wi-Fi 802.11ac
  • Bluetooth 5.0
  • GPS
  • USB Type-C
  • 3.5mm headphone jack
  • NFC
  • LTE Cat.6
  • Android 7.1.1 Nougat (upgradable to Oreo)
  • 3,000mAh battery

Nokia 7 will available in China on October 24, 2017, and will be available two configurations;

  • 4 GB RAM + 64 GB Storage configuration selling for ¥2,499 or around $377
  • 6 GB RAM + 128 GB Storage configuration which will be sold for ¥2,699 or around $407 USD

No word yet if it will be available in other markets.

Source: GSM Arena

Taobao

Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also abroad. At the end of 2010, the number of registered members on Taobao had reached over 370 million, around 80% of the Chinese online shopping market.

Source: Wikipedia

Stripe adds support for Alipay and WeChat Pay, China’s top digital payment services

Jon Russell, reporting for TechCrunch;

U.S. firm Stripe said today that it has agreed to global deals with Alipay and WeChat Pay, two digital services that dominate consumer spending in China. Alipay, which is managed by Alibaba affiliate firm Ant Financial, counts over 500 million users, while WeChat Pay — the digital payment feature within China’s top chat app WeChat — claims more than 600 million users.

You can read the full text of Stripe’s announcement from the company’s blog section.

China’s taxi on-demand war reignited: Didi rival UCAR is raising $1 billion

Emma Lee, reporting for TechCrunch;

Didi Chuxing’s deal to acquire Uber China seemingly left the Chinese ride-hailing giant as the last man standing and therefore sole winner of China’s vast ride-sharing market. However, Didi’s success has also served to open new opportunities for other competitors. It would seem that there’s no way for a single company to gobble up the entire market as a whole, even if it’s Didi.

Hugo Barra to leave Xiaomi for the clean air of Silicon Valley

Nivedita Bhattacharjee, reporting for Tech in Asia;

Hugo Barra, arguably the most public face of Chinese electronics company Xiaomi, is quitting after three and half years at the company. Hugo was vice president of Xiaomi’s international business.

The comments on the articles suggests that he was fired but the company and Hugo would make it look like he left the company in good terms.

We may never know the real reason why he left, unless of course Hugo disclose it himself.