Monthly Archives: June, 2015

Alibaba, Ant Invest $1 Billion in China Local Online-to-Offline Venture

June 22nd, 2015 Posted by China Business Development, Digital Marketing, E-Commerce No Comment yet

Alibaba Group Holding Ltd. and its finance affiliate each agreed to invest 3 billion yuan ($483 million) in a new venture targeting neighborhood services in China. The venture will enable mobile devices to buy goods and services.

The Koubei venture with Zhejiang Ant Small & Micro Financial Services Group Co. will initially focus on the food and beverage sector, according to a statement. Both companies will provide capital and resources to drive the business.

Read the Bloomberg article here.

Tencent’s WeChat Service Reaches 1.1 Billion Accounts

June 19th, 2015 Posted by China Business Development, Digital Marketing, Mobile Marketing, Social Marketing No Comment yet

WeChat reported the following numbers (always take these with a grain of salt):

– 1.12 billion accounts, with 440 million MAUs

– Half between ages of 20-29, with 30-39 the second largest demographic

– 20+ language versions in 200 countries

Click here to read the TechNode article.

 

Vancouver Commuter Seaplanes Expand to China

June 17th, 2015 Posted by Uncategorized No Comment yet

Harbour Air sold a 49% stake in its commuter seaplane business to Zongshen Industrial Group Co., Ltd.. Zongshen intends to export the commuter seaplane model and seaplane service to coastal areas of China. The key ingredients to this deal:

  • Soaring Chinese pubco with currency and cash
  • Know how to deploy to China
  • Zongshen founder Zuo Zongshen’s connection to Vancouver

Read the article on the Globe and Mail website.

Jack Ma Investment Propels HK Pubco 174%

June 4th, 2015 Posted by Capital Markets, China Business Development No Comment yet

An example of Chinese market reaction when Jack Ma and David Yu invest in your company.

Read the full South China Morning Post article here.