Google Play Wants To Enter China, But It May Be Too Late

Last week, tech news site The Information reported that Chinese internet company NetEase was in talks with Google to introduce the tech giant’s Android application store Google Play to the Chinese market. Though neither party has admitted any ongoing negotiations, this is regarded as the latest update in Google’s long term effort to return to the consumer market in China. Eric Schmidt, the Chairman of Alphabet, Google’s parent company, has addressed the necessity of finding local business partners to facilitate …

Tencent Joins $12M Series A Round In Parking App Parkbees

Parkbees, a Shenzhen-based start-up operating car parking apps and other services, has completed a RMB80 million (US$12 million) series A round of financing from Tencent Holdings Ltd., Shenzhen Co-win Venture Capital Investment Ltd. and other investors, according to an announcement (in Chinese).

China’s Ride Share App Adoption Rate Is Three Times Higher Than US

China has the highest adoption rate among all major countries for ride share mobile app usage. Over 30% of iPhone users in China use at least one ride share mobile app, compared to around 10% in the U.S. and around 6% in Germany at the end of 2015, according to new research released by mobile analytics and data firm App Annie.