China Digital
China Unicom Receives Orders For More Than 100,000 iPhone 5 Units
China Unicom announced that it received orders for more than 100,000 iPhone 5 units on its first day of pre-sales. Apple announced last week that the iPhone 5 will be available in China on December 14. During Apple’s Q4 earnings call, Tim Cook said revenue for the full fiscal year was $23.8 billion for China, an increase of $10 billion year-on-year, sales of the iPhone in Greater China (meaning China, Hong Kong, Macau and Taiwan) had climbed 38%.
Source: Tech Crunch
China E-Commerce
Are There Really Layoffs At Renren?
With newer social services like Weibo and WeChat, China’s once-popular social network Renren popularity is decreasing, rumours have already swirling about layoffs at Renren. The company has denied these rumours, but unless Renren can come up with a new change, it’s certainly possible that layoffs are in Renren’s near future.
Source: Tech In Asia
China E-Commerce
China’s Priciest Wine New E-Commerce Site Aims At $50M
The new e-commerce site WangJiu held a glitzy launch party over the weeked, CEO Li Rui stated the aim to hit RMB 300 million – nearly US $50 million – sales transactions in the first year. To put that figure in perspective, China’s online alcohol sales are expected to bubble up to $2 billion by 2014
Source: Tech In Asia
Write a comment