Category Archives: Alibaba

The upcoming cold war in the Internet – William Bao Bean

Key players in the US and China have profoundly different ways to expand, says William Bao Bean, managing director of Chinaccelerator to the Harbinger China. Those major player changed the playing field profoundly, also for startups.

Moving to a cash- and cardless society – Andy Mok

China has all but abolished cash and bank cards, and the rest of the world might be following fast. CBS talks to economist Andy Mok. China had no good working banking system, and moved fast to mobile payment, but the rest of the world might follow soon.

How WeChat started to promote WeBank – Matthew Brennan

E-commerce expert Matthew Brennan discovered how WeChat silently started to promote Tencent’s WeBank, a potentially major move in pushing internet banking ahead of the traditional banks in China, he writes on his website China Channel. The old banks will have to run for their money.

China’s rich control US$2.6 trillion – Rupert Hoogewerf

China’s growth might have reduced, and investing abroad more difficult, but China’s annual Hurun rich list has been growing faster than ever, says its chief researcher and founder Rupert Hoogewerf to the South China Morning Post. China’s rich now control US$2.6 trillion, he adds.

Xu Jiayin of Evergrande, China’s latest richest man – Rupert Hoogewerf

The annual Hurun Rich list has identified Xu Jiayin, chairman of the China Evergrande Group as China’s richest man, beating more familiar names like Alibaba’s Jack Ma and Wang Jianlin of the Wanda Group. Hurun’s chairman Rupert Hoogewerf reports more drastic changes, he tells Reuters.

Facial recognition: the new norm – Matthew Brennan

Social media expert Matthew Brennan gives ten case studies on facial recognition in China at his China Channel. Facial recognition is becoming fast the new norms, and he summarizes a few reasons why the new technology is taking off so fast.

Tencent and Alibaba: China’s two internet ecosystems – Matthew Brennan

China is not having one internet apart from the rest of the world, but two, tells internet expert Matthew Brennan. Both Tencent and Alibaba have their own ecosystems, and they do not talk to each other. When dealing with China’s internet, you need to deal with both, he tells.

22 years of connecting Asia – William Bao Bean

VC-veteran William Bao Bean tells about his 22-year adventure of connecting tech, banking and the internet in Asia, at Haymarkt HQ, and answers questions by Angela Kwan and her audience. How does China’s internet work?

Are Alibaba and Tencent becoming too powerful? – Matthew Brennan

Both Tencent and Alibaba have become power players, even eclipsing the formerly leading economic state-owned companies, says innovation-specialist Matthew Brennan in ATimes. So maybe they [think they] need to clip their wings a little,” adds Mr Brennan.

IT-investments: moving from solving basic problems to AI – William Bao Bean

A major shift is taking place in financial IT investments, tells William Bao Bean, managing director of the Chinaccelerator at CNBC. In the past 15 years VC’s helped to solve basic problems, he says. That’s done and we move now to AI.