AI Top 50 2018 – 970×90 EN

Why Did Google Invest In China’s JD.Com? Here’s What Experts Think

News came yesterday that Google would invest US$550 million in cash in China’s second largest retailer Inc., as part of a strategic partnership. The two partners plan to collaborate on a range of strategic initiatives, including joint development of retail solutions and making some products of available for sale through Google Shopping channels in multiple regions.

Hans Tung: Eight Lessons From The Rise Of Chinese Short Video App Douyin

What is the most popular app in China? You’re probably thinking WeChat. Though that might still be true, WeChat now has a serious challenger whose meteoric rise has taken China by storm (and WeChat’s owner Tencent by surprise). That is Douyin (抖音, literally “shaking sound” in Chinese), one of the most popular short video apps in China, as well as worldwide. It is owned by ByteDance (a.k.a Toutiao), an AI-driven media company in China and one of the world’s most …

SoundAI’s Chang Le: Voice-Controlled Devices Next Battlefield For Digital Traffic

China’s tech giants are waging a price war over smart speakers. But that’s ok with Chang Le, co-founder of Beijing-based start-up SoundAI, who sees it as a sign of market strength. Baidu just released its lower-end smart speaker Xiaodu at a special discount price of RMB89 (US$13.9), the same as Alibaba’s smart speaker Tianmao Jingling (Tmall Genie), and little more than’s Dingdong, which is selling at a discounted RMB79 (US$12). Chang says the price war is completely understandable because every …

Conrad Tsang: Chinese LPs Need To Focus On Consistent Returns, Not Single Home Runs

Conrad Tsang, founder and chairman of Hong Kong-based investment firm Strategic Year Holdings Ltd., sat down earlier this week with China Money Network on the sidelines of the China Private Equity Summit 2018, organized by the Hong Kong Venture Capital and Private Equity Association (HKVCA). Tsang founded his own firm in 2015 after spending 13 years at Baring Private Equity Asia, last serving as managing director at the global private equity firm. During the early years of his career, he …

China’s ZZ Capital International Terminates $812M Deal To Acquire US Energy Index Firm Alerian

Chinese investment firm ZZ Capital International (8295.HK) said it would terminate a deal to acquire U.S. energy index provider Alerian MLP Index. Aretex Capital Partners, a private investment fund launched this year by two executives at ZZ Capital International, will be acquiring Alerian for an undisclosed price, ZZ Capital said in a statement today.