Daily Digital Pulse Of China: QQ, iQiyi, WeChat, Xiaomi

China E-Commerce

QQ online shopping promotion over

The three-day QQ online shopping finished on the 26th October (see Daily Digital Pulse Of China 22nd October). The data shows QQ online shopping festival accumulated around RMB 6.5 billion in the promotion of the three days in October 24 -26, 2012. The festival attracted a total of over two million people shopping.

Source: Link Shop

China Digital

Baidu Buys up Shares of

Baidu’s CEO Robin Li announced that his company has purchased shares of its online video site from Providence Equity Partners for an undisclosed sum, giving Baidu a ‘substantial majority stake’. The transaction is expected to close in the fourth quarter of 2012.

Source: Tech In Asia

China Digital

WeChat Excels Abroad Without the China Brand

The New York Times discusses the recent success of Tencent’s WeChat outside of China’s borders, quoting BDA China chairman Duncan Clark as saying: “Many people are afraid of Chinese products.... But with the App Store, it’s hard to even know that WeChat is Chinese — it really levels the playing field.” Does a Chinese internet company need to hide the ‘made-in-China’ label in this way in order to succeed abroad?

Source: Tech In Asia

China Digital

Xiaomi Set-Top Box Rumour Grows stronger

After continuous of rumours, it seems more and more likely that Xiaomi (Xiaomi Smartphone Company) really is making a set-top box like the Apple TV. With leaked images found online this morning, Xiaomi still isn’t commenting on the rumours. Tech in Asia indicates that Xiaomi is getting into online video. The latest developer of its Android based MIUI mobile operating system, which was just updated, now includes a video application called “Online Video.” The video app is the best evidence yet to prove that Xiaomi really have a set-top box in the works.

Source: Tech In Asia