‘Mission: Impossible—Rogue Nation’ Revs to Record Opening Day in China

Pamela McClintock
Hollywood Reporter
The Tom Cruise movie scored the top opening of all time for a 2D Hollywood title with $18.5 million on Tuesday.

Caixin Media

09.01.15

Quantum Computing and Alibaba’s Leap of Faith

Building a quantum computer that processes data at speeds trillions of times faster than the world’s fastest computer, China’s supercomputer Tianhe-2, is the goal of a potentially game-changing venture launched by Alibaba Group Holding Ltd. and the...

Books

08.27.15

China’s Disruptors

Edward Tse
In September 2014, Chinese e-commerce giant Alibaba raised $25 billion in the world’s biggest-ever initial public offering. Since then, millions of investors and managers worldwide have pondered a fundamental question: What’s really going on with the new wave of China’s disruptors?Alibaba wasn’t an outlier—it’s one of a rising tide of thriving Chinese companies, mostly but not exclusively in the technology sector. Overnight, its founder, Jack Ma, appeared on the same magazine covers as American entrepreneurial icons like Mark Zuckerberg. Ma was quickly followed by the founders of other previously little-known companies, such as Baidu, Tencent, and Xiaomi.Over the past two decades, an unprecedented burst of entrepreneurialism has transformed China’s economy from a closed, impoverished, state-run system into a major power in global business. As products in China become more and more sophisticated, and as its companies embrace domestically developed technology, we will increasingly see Chinese goods setting global standards. Meanwhile, companies in the rest of the world wonder how they can access the fast-rising incomes of China’s 1.3 billion consumers.Now Edward Tse, a leading global strategy consultant, reveals how China got to this point, and what the country’s rise means for the United States and the rest of the world. Tse has spent more than twenty years working with senior Chinese executives, learning firsthand how China’s most powerful companies operate. He’s an expert on how private firms are thriving in what is still, officially, a communist country. His book draws on exclusive interviews and case studies to explore questions such as:What drives China’s entrepreneurs? Personal fame and fortune—or a quest for national pride and communal achievement?How do these companies grow so quickly? In 2005, Lenovo sold just one category of products (personal computers) in one market, China. Today, not only is it the world’s largest PC seller; it is also the world’s third-largest smartphone seller.How does Chinese culture shape the strategies and tactics of these business leaders? Can outsiders copy what the Chinese are doing?Can capitalists really thrive within a communist system? How does Tencent’s Pony Ma serve as a member of China’s parliament while running a company that dominates online games and messaging?What impact will China have on the rest of the world as its private companies enter new markets, acquire foreign businesses, and threaten established firms in countless industries?As Tse concludes: “I believe that as a consequence of the opening driven by China’s entrepreneurs, the push to invest in science, research, and development, and the new freedoms that people are enjoying across the country, China has embarked on a renaissance that could rival its greatest era in history—the Tang dynasty. These entrepreneurs are the front line in China’s intense hunger for success. They will have an even more remarkable impact on the global economy in the future, through the rest of this decade and beyond.” —Portfolio/Penguin{chop}

Alibaba Names Former Goldman Sachs Executive as President

Michael De La Merced
New York Times
Alibaba on Tuesday named J. Michael Evans, who already serves on its board, as its president.

Amazon Prime sale--a Chinese import?

Elizabeth Weise
USA Today
Prime Day is "Amazon's effort to try and capture the magic that Alibaba has captured with its November 11 Singles' Day promotion," said Kevin Carter, founder of EMQQ

China Stock Slump Spreads as Alibaba to JD.com Whipsaw Investors

Elena Popina and Aleksandra Gjorgievska
Bloomberg
U.S.-traded Chinese stocks tumbled at least four years before rebounding in late trading as the rout that’s wiped $3.2 trillion from the value of mainland equities spreads.

The Chinese Ride-Hailing Startup That’s Out-Ubering Uber

Davey Alba
Wired
Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world’s largest country--or, Uber appears to be trying to unseat the homegrown favorite.

Techies Are Trying to Get Chinese Consumers to Rack Up Debt

Issie Lapowsky
Wired
In recent years, as the growth of the Chinese economy has slowed—thanks to declining demand for exports and new real estate projects—the government has been desperate to get its thrifty citizens to spend, spend, spend and drive economic growth from...

China's Alibaba to Remove Listings with Confederate Flag Imagery

John Ruwitch and Jane Lanhee Lee
Reuters
Alibaba pledged to pull down links to products with Confederate flag imagery in the wake of the shooting in South Carolina.

China's Alibaba Pictures Investing in Paramount's 'Mission: Impossible-Rogue Nation'

Abid Rahman, Georg Szalai
Hollywood Reporter
Alibaba Pictures says 'Mission: Impossible 5' will be its first Hollywood investment.

Alibaba is Selling US E-Commerce Site 11 Main Just a Year After it Opened

Josh Horwitz
Quartz
Alibaba’s been more tentative in the U.S. than it has in China, because it is a latecomer in a mature market.

Alibaba’s Jack Ma Visiting U.S. to Lure Businesses Into China

Spencer Soper
Bloomberg
Ma is looking for revenue beyond China, where the nation’s economy is projected to grow at its slowest pace since 1990.

Alibaba to Invest in China Business News

Wei Gu and Gillian Wong
Wall Street Journal
E-commerce giant to pay about $200 million for a 30% stake.

Chinese Investment Banker Fan Bao Searches for Next Jack Ma

William Mellor and Lulu Yilun Chen
Bloomberg
If successful, the combined Didi and Kuaidi Dache could join Internet giants Baidu, Alibaba, and Tencent.

Why India’s E-Commerce Boom Will Look Nothing Like China’s

Shelly Walia
Quartz
In five years, the number of Indians with internet access is estimated to reach the level of China back in 2012.

Q. and A.: Adam Fisk on Evading Internet Censorship in China

Patrick Boehler
New York Times
GreatFire.org’s “mirrored” websites and the Internet bandwidth-sharing service Lantern have allowed users to access the open Internet.

Caixin Media

03.17.15

Chinese Businesses Eye Purchasing Power of LGBT Community

Chinese businesses are starting to show interest in the purchasing power of the lesbian, gay, bisexual, and transgender (LGBT) consumer market, often referred to as the “pink dollar,” a trend led by e-commerce giant Alibaba Group...

Caixin Media

02.25.15

Apple Pay Stalled, Frustrated in China

The central bank, UnionPay bank card service, and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple Inc.'s effort to bring the Apple Pay no-card, no-cash payment system to iPhone users in China."Apple is seeking to...

Alibaba To Pay $590 Mln For Stake In China’s Meizu As Smartphone Competition Intensifies

Russell Flannery
Forbes
All eyes are on low-price Chinese upstart Xiaomi.

Caixin Media

01.27.15

China Boots Up an Internet Banking Industry

Premier Li Keqiang recently launched a new era for banking in China by ceremonially pressing the "confirm" button for a 35,000 yuan loan issued to a Shenzhen truck driver.Li's gesture on January 4 on behalf of Shenzhen Qianhai WeBank...

Who’s Afraid of China’s Economy Slowing? Not Alibaba’s Jack Ma

Nadia Damouni
Reuters
"If China still keeps 9 percent growth of the economy there must be something wrong. You will never see the blue sky. You will never see quality. China should pay attention to the quality of the economy," he said in a question-and-answer...

Alibaba Is Planning a Big Move to Win U.S. Business

Edwin Chan, Paul Carsten and John...
Business Insider
Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world's largest Internet retailer is using the calling card of China's consumers to attract U.S...

China Cities Crack Down on Illegal Cabs Using Car-Hailing Apps

Bonnie Cao
Bloomberg
The Chinese capital will impose fines of as much as 20,000 yuan ($3,200) each on 41 unauthorized vehicles that offered rental services via the apps, CNR said Jan. 7.

Ali Baba’s Cave and Pandora’s Box

David Bandurski
China Media Project
When Lu Wei — the man who reportedly led the crackdown on the “Big V” Weibo account holders last year — was asked at a press conference why sites like Facebook (which is blocked in China) had been “shut down,” he responded with a homespun metaphor.

Chinese Courts Are Selling Seized Assets on Alibaba’s Taobao

Sophia Yan
CNN
Ever wonder what it's like to live large like a corrupt Chinese businessman or official? This is your chance.

China’s Alibaba Reportedly Eyeing 37 Percent Stake in Lionsgate

Etan Vessing
Hollywood Reporter
The New York Post reported on Friday that the chairman of Lionsgate is looking to unload his influential stake in the mini-studio, with Ma in line to possibly buy it.

Books

10.15.14

China’s Super Consumers

Savio Chan and Michael Zakkour
China has transformed itself from a feudal economy in the 19th century, to Mao and Communism in the 20th century, to the largest consumer market in the world by the early 21st century. China's Super Consumers explores the extraordinary birth of consumerism in China and explains who these super consumers are. China's Super Consumers offers an in-depth explanation of what's inside the minds of Chinese consumers and explores what they buy, where they buy, how they buy, and most importantly why they buy.The book is filled with real-world stories of the foreign and domestic companies, leading brands, and top executives who have succeeded in selling to this burgeoning marketplace. This remarkable book also takes you inside the boardrooms of the people who understand Chinese consumers and have had success in the Chinese market.A hands-on resource for succeeding in the Chinese marketplaceFilled with real-world stories of companies who have made an impact in ChinaDiscover what the Chinese consumer wants and how to deliver the goodsThis book is an invaluable resource for anyone who wants a clear understanding of how China's Super Consumers are changing the world and how to sell to them. —Wiley {chop}

Alibaba Founder Jack Ma Tops China Rich List

BBC
E-commerce mogul Jack Ma has become China's richest person following Alibaba's record share listing, according to a wealth survey by the Hurun Report. Ma tops its annual rich list with a fortune of $25 billion. 

Conversation

09.12.14

Is a Trade War with China Looming?

Arthur R. Kroeber & Donald Clarke
As Alibaba gets ready to sell shares on Wall Street, U.S. investors will be focused on Chinese companies getting a fair shake here in America even as some big U.S. brand names (Microsoft, Chrysler, et al) are being shaken down by China's newly...

Alibaba’s IPO and the Hypocrisy in U.S.-China Economic Relations

Minxin Pei
Fortune
While Alibaba is readying its massive U.S.-based IPO, Chinese authorities are carrying out tough anti-monopoly enforcement actions against well-known U.S. companies.

Alibaba Begins Wooing Wall Street

Michael J. De La Merced
New York Times
On Monday, Ma, the company’s executive chairman and co-founder, told a crowd of more than 800 potential investors gathered for the first big marketing pitch for Alibaba’s initial public offering, that he was back to ask for a little more money.

Could China’s Anti-Japan Propaganda Hurt Alibaba’s Image at Home?

Offbeat China
With Alibaba's IPO price set between $60 to $66, the company’s market valuation could hit as much as $200 billion, if everything goes as planned.

The Jack Ma Way

David Barboza
New York Times
At Alibaba, the founder Is squarely in charge ahead of the e-commerce giant's U.S. initial public offering.

As Its Initial Offering Nears, Alibaba Gets Ready for a Splashy Debut

Michael J. De La Merced
New York Times
The Chinese Internet commerce giant's whirlwind tour, which will encompass 100 meetings in 10 days, will begin not in Hong Kong but in New York, where shares of the company are expected to begin trading on Sept. 19

Environment

09.04.14

Alibaba Founder Shoots Himself in the Foot with UK Hunting Trip

from chinadialogue
Jack Ma, founder of e-commerce platform Alibaba and chairman of The Nature Conservancy’s China Program, has drawn hostile fire from environmentalists after a British newspaper recently reported he hunted stags in Scotland in 2012. What’s more, Ma...

China’s Alibaba Pictures Confirms Zhang Qiang as CEO

Patrick Frater
Variety
Zhang, whose appointment was unofficially announced by the media last month, makes the unusual switch from public sector to private. Since 2011 has been vice president of China Film Group, the state-owned enterprise that dominates film imports and...

Conversation

07.24.14

Alibaba: How Big a Deal Is It?

David Wolf & Duncan Clark
When Chinese e-commerce giant Alibaba goes public some time after Labor Day it is expected be one the largest initial public offerings in history. This week, a story in The New York Times shed light on ties between Alibaba and the sons and grandsons...

Alibaba’s IPO Could Be a Bonanza for the Scions of Chinese Leaders

Michael Forsythe
New York Times
Firm didn't reveal deep political connections of its investment backers, Boyu Capital, Citic Capital Holdings and CDB Capital.

Alibaba Founder’s Recent Deals Raise Flags

Juro Osawa
Wall Street Journal
Some investments by Jack Ma and partners were made on behalf of Alibaba or funded by a loan from the company.

Alibaba Acquires UCWeb, Maker Of China’s Most Popular Mobile Browser

Catherine Shu
TechCrunch
Alibaba, already an investor in UCWeb, will buy all remaining shares of the web browser and search company. The two firms announced the merger, one of the most significant among Chinese Internet companies to date, earlier today.

Meet ‘Crazy Jack,’ China’s E-Commerce Titan

Alexa Olesen
Foreign Policy
A former employee says Jack Ma sees himself as an artist, not a businessman.

Alibaba Works Magic for China's Taobao 'Treasure Hunters'

Callum MacLeod
USA Today
Alibaba's eBay-like marketplace Taobao allows budding entrepreneurs to set up and run an online store, for free. The site has steven million sellers offering hundreds of millions of items.

Alibaba’s IPO Architect Lays Out Blueprint for E-commerce Empire

Paul Carsten and Matthew Miller
Reuters
Joe Tsai, executive vice chairman of the world's largest e-commerce company, sees an Alibaba future that stretches from banking to education, travel to entertainment.

Media

03.26.14

A Wrinkle to Those Hot Chinese Tech IPOs

Investors, ready your wallets. In the past week, Sina Weibo, China’s massive microblogging platform with 280 million users, and Alibaba, the operator of China’s largest online marketplace which generated $1.84 billion in revenue in the fourth...

Alibaba Duels With Tencent for Online Dominance in China

Lulu Yilun Chen
Bloomberg
Two of China’s richest men are intensifying their rivalry over the world’s biggest Internet market. Both have made purchases and encroached on each other’s established markets in the battle for dominance of the country’s online spending...

Reporter Who Interviewed Jack Ma Resigns

WSJ: China Real Time Report
Liu Yi, the reporter who interviewed Mr. Ma, resigned on July 19, according to a statement on the SCMP’s site. The interview generated controversy online as Mr. Ma was quoted as saying the 1989 crackdown on protesters in Tiananmen Square...

China’s Baidu to Pay $370 Million for Internet Video Business

Neil Gough
Deal Book
Acquiring the video business from P.P.S. will increase Baidu’s position in China’s fractious market for online entertainment and help iQiyi compete better against Youku Tudou. 

Alibaba Buys Stake In Sina Weibo, China’s Twitter

Michael J. De La Merced
Deal Book
Alibaba and Sina also agreed to cooperate in improving ways to marry social networking with e-commerce, as microblogging services like Sina’s continue to grow in popularity.

Alibaba Joins China In Antipiracy Fight

Juro Osawa
Wall Street Journal
Alibaba announced its partnership with five agencies at a news conference Tuesday. On the same day, Xinhua reported that China’s top legislature is considering amending the country’s consumer-rights law to protect online shoppers. 

Jack Ma Is the Loneliest Billionaire in China

Bruce Einhorn and Frederik Balfour
Businessweek
It’s been a rough 18 months for Chinese Internet tycoon Jack Ma, founder and chairman of the Alibaba Group, a sprawling conglomerate of Web companies. Early in 2011 a fraud scandal hit his business-to-business e-commerce site, Alibaba.com. At...

Sinica Podcast

05.20.11

Inscrutable China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
It may be because we’ve yet to finish Henry Kissinger’s latest book on the subject, but we’ll admit to having found life in China a bit more inscrutable than normal these past few weeks, and all evidence suggests we’re not alone. Seen through the...