Baidu And Lenovo Announce New LePhone Handset
Chinese search giant Baidu has teamed up with Lenovo to announce the new LePhone A586. The handset has been custom designed by Lenovo and features a high-performance Qualcomm chip and also running on an Android 4.0 based operating system. Priced at 999 RMB ($158) Sales of the phone will begin on December 12.
Source: Tech In Asia
China’s WineNice Raises Over $15M in Funding
China-based wine e-commerce site WineNice are to have a series B funding thought to be worth over RMB 100 million (US$15.8 million). The site started in 2008, one of the pioneers of premium wine e-tailing in China. WineNice’s funding will be used to build up both its online B2C infrastructure and its offline “experience stores” that now number just over a 100 across China
China Search Market Growing to 48.7% of Total Online Ad Market in 2015
China online advertising will keep its steady growth until 2015, accompanying the growth of search ads. It is estimated that, in 2015, online ad market will reach 187.3 billion yuan (USD 30.08 billion) while search ads will reach 91.31 billion yuan (USD14.66 billion), accounting for nearly 50% of the online ad spend.
Source: China Internet Watch