Posts by Vincent Wong

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.

 

Chinese Tech Companies Go Shopping Overseas

May 29th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

Flush with capital from success in their home market and a booming stock market, Chinese tech companies are investing overseas to acquire technology, talent, and know-how. Chinese outbound direct investment grew from $2.7 billion in 2002 to $102.9 billion in 2014, according to Chinese Ministry of Commerce data. That’s an incredible 40x increase over a mere 12 years. Data points to consider:

  • Alibaba’s $220 million investment for 20% of mobile video app Tango
  • Baidu’s strategic investment in Uber
  • Tencent’s investments in SnapChat, KakaoTalk, Epic Games, and Riot Games
  • Lenovo’s purchase of IBM’s low-end server business for $2.3 billion
  • Huaxin’s 85% stake in French telecom Alcatel-Lucent

The Chinese technology companies and investment groups we work with are seeking:

  1. Access to new markets overseas.
  2. Useful technologies, capabilities, and talent to help them compete in the domestic China market.
  3. Diversification of their investment portfolios.

Newport’s value proposition is to connect our Chinese tech clients with North American investment targets, assist with transaction execution, and manage portfolio companies once capital is deployed.

Read the full article from Cheung Kong Graduate School of Business Knowledge website.

Chinese Car App Fights Uber With Free Rides

May 22nd, 2015 Posted by China Business Development No Comment yet

Alibaba is a shareholder in Chinese car-hailing app operator Didi Kuaidi. Guess what tactic Jack Ma used in 2002 to fend off eBay?

eBay is a shark in the ocean. We are a crocodile in the Yangtze River.
If we fight in the ocean, we will lose. But if we fight in the river, we will win.

Jack Ma,
CEO Alibaba Group

Read the full Bloomberg article here.

Chinese Firms Investing in USA, Payroll up 5X

May 21st, 2015 Posted by China Business Development No Comment yet

The number of Americans on Chinese company payrolls has surged more than fivefold over the past five years along with growing foreign direct investment by China in the United States.

Read the full article on South China Morning Post.

Shanghai First to Allow Car-Sharing Apps

May 19th, 2015 Posted by China Business Development No Comment yet

According to a statement posted on the Shanghai government’s website, drivers for Didi and Kuadi will be registered under the same information technology platform as taxis. Didi and Kuadi are both Chinese companies that recently merged. Note the US-based Uber is not on this list.

Read the full Bloomberg article here.

CEO: Alibaba Must Go Global

May 18th, 2015 Posted by China Business Development, E-Commerce No Comment yet

With growth slowing in its core China market, Alibaba looks to expand via international e-commerce.

Read the full article on Tech Crunch.

New Alibaba CEO Takes Aim at Walmart

May 14th, 2015 Posted by China Business Development, E-Commerce No Comment yet

Three days after his appointment as Alibaba CEO, 43-year old Daniel Zhang Yong expects to surpass Walmart as the world’s biggest retail platform.

Read China Daily article here.