CNNIC (China Internet Information Network Center – 中国互联网信息中心) is the official Chinese state agency in charge of registering and managing internet domains (.CN) and traffic. Every six months the research department of CNNIC publish a set of reports updating on the latest growth on China’s internet, it is considered the most detailed source of data but also the least credible. Still nevertheless CNNIC’s semi-annual internet research report does provide an overview of China’s internet trends and insights to it’s future.
China Entrepreneurs is organizing a summer tech series of two events at the St. Regis Hotel in Beijing this summer:
The SNS Boom in China – August 24th
The Groupon Model in China – September 7th
Yoopay.cn, self-billed as China’s first event payment platform, recently exceeded RMB 1M in transactions in just 3 weeks since launching in early May. With just over 10,000 registered users, Yoopay is growing rapidly with the support of Origin Capital, a Internet venture fund based in Beijing, China. Yoopay has signed up UnionPay and Alipay, China’s two largest payment platforms with over 500 million users, as key partners and is in discussions with other Chinese commercial banks.
Sina Weibo continues to update its red-hot Weibo service with new features. Last week Weibo added instant messaging (IM) and location-based services (LBS). By functionality Sina Weibo has now far surpassed Twitter (see our previous post on Weibo’s voice messages and direct video uploads).
BengXin.com 蹦心网 is a curious case, it cannot be strictly defined as any specific type of social networking site. In fact it is a combination of Facebook, Foursquare, Groupon. So what exactly is BengXin.com?
