China’s mobile payment platforms are transforming online marketing

Getting a cup of coffee in Starbucks used to be a pretty pedestrian affair. Stand in line, hand over some crumpled banknotes and receive your fuel for the day. Mobile payments are changing that: more than just another way to pay, they are becoming the contact point for consumers and businesses. With the fast rise of […]

Read the original article...

Tencent rebuts reports claiming it will drastically increase advertising revenue

Tencent has rebutted reports claiming it plans to increase its advertising revenue to up to 40% of its gross corporate revenue. According to tech media outlet 36Kr (in Chinese), a high-level officer at Tencent said on June 21 that in one to two years the company plans to increase its advertising revenue’s contribution to corporate gross revenue […]

Read the original article...

Toutiao and 3 other news apps have been taken down from Chinese app stores

Four of China’s most popular news apps have disappeared from Chinese app stores as of 3pm today. The enforced takedown by authorities was reported by Sohu News before the deadline, and our checks of various domestic app stores show the apps have now been removed. Jinri Toutiao 今日头条 will be suspended for three weeks, Phoenix News […]

Read the original article...