In 2014 rival taxi apps Didi Dache and Kuaidi Dache engaged in a fierce price war that left onlookers stunned. According to multiple sources, Didi and Kuaidi altogether splashed over RMB 2 billion (approx. $376 million) on subsidizing customer ride fares. Yet in early 2015, the two bitter rivals announced their decision to merge. It made little sense. They couldn’t possibly have buried the hatchet that soon. Cases like Didi-Kuaidi are becoming common in China’s internet industry, spanning areas like online travel, group buying and classified advertisement websites. Why is China’s online sector witnessing a series of frenzied mergers, acquisitions and partnerships between sworn rivals?
China’s DJI holds a commanding lead in the red-hot consumer drone market. Can it maintain that?
Steve Blank, entrepreneur and founder of the Lean Startup movement, on how Beijing taught him the world no longer revolves around Silicon Valley.
Miko Wormuth, CEO of TWICE Fashion Accessories, on what it takes to build a business from scratch in China and the challenges of operating on e-commerce platforms like Taobao and Tmall.
Innovation expert Scott Anthony talks about the challenges of the ‘first mile’ where an innovation moves from an idea to reality.
American entrepreneurship rates are not that good right now. But is the picture as bleak as it is made out to be?
In this series on The Chinapreneurs, we look at entrepreneurs’ experiences in starting a business in China. In the first one, Kevin Zhao, CEO of Wangli Bank, elaborates on starting up in China’s fast-changing internet finance sector.
By keeping start-up ShenQi at arm’s length, parent company Lenovo is hoping to get ahead of nimble rivals in the Chinese smartphone industry. An interview with CEO Chen Xudong.
Family business succession planning is always tricky. In China it is also fraught with cultural complexities.
Venture capitalists are pouring billions into start-ups and valuations are high. Are these signs of a bubble in China’s buzzing start-up sector?