BizChina

Alibaba's Singles Day sales reach a new height

Sales on Alibaba's platforms broke last year's total with almost 11 hours of the Singles Day shopping gala to spare.

Gross merchandise volume of the day-long discount topped 120.7 billion yuan ($18.2 billion) as of 1:09 pm Saturday, according to Alibaba's data. This is equivalent to the value of all transactions processed via its Tmall, Taobao and other sister sites a year ago.

China has approved HP’s purchase of Samsung printer business

China has approved HP’s purchase of Samsung Electronics’ printer business, Reuters has announced. The deal, worth $1.1 billion, does come with ‘certain restrictions’, Reuters says, adding there were also concerns about HP’s dominance in the domestic laser printer market.

The deal was announced by HP last year in September, as HP wanted to disrupt the market. It hoped to close the deal within 12 months, pending regulations.

Jack Ma, chairman of Chinese e-commerce giant Alibaba Group

China's e-commerce giant Alibaba Group held its grandest annual party celebrating the 18-year-old birthday at the Yellow Dragon Sports Center in Hangzhou, capital city of East China's Zhejiang province, on Friday.

Around 40,000 Alibaba employees from dozens of countries and regions attended the event, where the Group's Executive Chairman Jack Ma performed classic dance of superstar Michael Jackson and displayed sophisticated magic tricks.

2017 China Joy debut new games and show girlsChinaJoy is one of the most important events in the digital entertainment industry and attracts more than 60,000 visitors from all over the world every year.

ChinaJoy 2017 is taking place in Shanghai at the end of the month (27-29th July).

The 600M gamers in China generated $24.6 billion in 2016, making the country the gaming capital of the world, accounting for an impressive 25% of the entire global market.

APAC – and China more specifically – forms a large majority of the entire global market.

Dockless shared bicycles beat public bicycle-sharing system in China

Wuhan Public Bicycle Dock photo was taken on 14th June 2017.

In order to boot the Green Economy, China encourages its cities to build public bicycle-sharing system which is supposed to reduce the use of private car, and eventually ease the pollution. Hangzhou Public Bicycle, the world’s largest bike sharing facility, has bike stations in such abundance that one can travel the entire city on a bike for free, as the first hour of bike rental is free. Subsequent hours of  riding the same bike can be availed at a very minimal cost.