Podcasts about ying ying lu

In episode 67 of Tech Buzz China, hosts Rui Ma and Ying-Ying Lu discuss the ByteDance family of video apps outside of TikTok, including Xigua, Huoshan, and Pipixia. Most listeners know by now that ByteDance is very good at video, and these other apps provide noteworthy — though not comprehensive — examples of just how good it is. Listen to learn about ByteDance's extensive video portfolio. In particular, will Xigua win versus Bilibili for the title of China's ? Is ByteDance's strategy too scattered and unfocused, or is it thoughtful and comprehensive? A reminder — check out Tech Buzz's ongoing online events series, including webinars and happy hours, all of which are free! Our next event spotlights John Oliverius of the China Esports Business News Digest. John will be talking about the most interesting events taking place in gaming and esports in China, and what we can learn from the companies that are leading in this space. You can sign up at techbuzzchina.com/events. All past transcripts are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. As always, thank you for your support. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Stay healthy, everyone!

Episode 64 of Tech Buzz China is the second of two episodes on the Chinese telemedicine sector, which is closely watched in the wake of COVID-19. This week, on the heels of episode 63's discussion of Ping An Good Doctor, co-hosts Rui Ma and Ying-Ying Lu talk about other experiments, such as Chunyu Yisheng 春雨医生, WeDoctor 好大夫, and Dingxiangyuan 丁香园. We also give overviews of telemedicine efforts by some of the large internet companies, including Alibaba, Baidu, and JD Health.The overarching story is that healthcare tech is a clear market opportunity in China, and within the narrow space of telemedicine, there are a lot of companies trying to solve the same set of problems. Listen to find out: How did these players all converge on telemedicine, and what are the factors — some currently missing — that must be in place to drive a serious uptick in adoption?You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, and tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. You can also subscribe to our Extra Buzz newsletter on our new website, techbuzzchina.com. As always, thank you for your support.We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. Stay healthy, everyone!

In episode 66 of Tech Buzz China, co-hosts Rui Ma and Ying-Ying Lu talk about Bytedance's forays into gaming and education — moves that have been well covered and are eagerly anticipated by Chinese media. Notably, in multiple interviews, CEO Zhang Yiming says that he only wants to go into fields where he feels he is better than the incumbent. While Zhang believes, and we agree, that edtech has a lot of room for improvement, we wonder if Bytedance's moves in gaming could be more effective if it defended itself against Tencent. What do you think?Thanks to some of your feedback on Rui's special Luckin episode, we have changed the format of this one. Listeners should expect more experiments coming up soon!A reminder to check out Tech Buzz's new events series for investors (open to all), as well as our interactive Virtual Happy Hours with listeners like you! Both are free. Our next Happy Hour is titled “From FAANG to BAT,” and we've invited a product manager who went from working at a large tech company in Silicon Valley to the same role at a large tech company in China. Jason will be sharing his perspectives and personal experiences on Thursday, May 7, from 6 p.m. to 7 p.m. PST / 3 p.m. to 4 p.m. EST. You can sign up at techbuzzchina.com/community!All past transcripts are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. As always, thank you for your support.We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Stay healthy, everyone! Like the podcasts at SupChina? Help us out by taking this brief survey.

Episode 63 of Tech Buzz China is on the Chinese telemedicine sector, which has quickly evolved to become one of the most interesting businesses in China, especially in the wake of COVID-19. Co-hosts Rui Ma and Ying-Ying Lu focus on the underlying drivers within the complex healthcare industry. They cover topics such as the size of the Chinese healthcare system, the shortage of doctors and reasons why, and challenges for telemedicine.Companies mentioned include Ping An Good Doctor, as well as the internet hospitals that the government has approved and that have been in operation for a few years now. Listeners will also hear from Irene Hong, an experienced dealmaker who has worked in China for 20 years and is the founding partner of investment bank CEC Capital Group, where she leads the healthcare group. You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review and tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. In addition, you can subscribe to our Extra Buzz newsletter on our new website, techbuzzchina.com. As requested, we have made the first few newsletters public. Check them out! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. This week, Pandaily intern Song Yuning also helped with the editing process, and Jiang Hongzeng helped with our transcript. Thank you all!

Episode 62 of Tech Buzz China is on co-living and co-working, two of the formerly hottest — and now possibly coldest — sectors in China tech. Co-hosts Rui Ma and Ying-Ying Lu discuss how real estate startups have been hit hard by the coronavirus against a backdrop of how the real estate sector is big business in China. From rental startup companies Danke and Ziroom to co-working giant Ucommune, which failed to list last year, listeners will join a whirlwind tour of the biggest players and must-know trends in the space (pun intended). Listen to find out: How accurate are the comparisons between WeWork and Ucommune, and their respective founders Adam Neumann and Mao Daqing? How has China's development in the co-working sector derived from, among other things, the role of the government and its push for innovation? Why do our co-hosts encourage Western entrepreneurs looking to solve problems in co-living to look toward China, where 2,000 companies have already given it a shot? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! You can also email rui@techbuzzchina.com and ying@techbuzzchina.com for feedback. We truly enjoy hearing from you and are constantly working on improving our content. Also, we just launched our new website, techbuzzchina.com, where you can subscribe to our Extra Buzz newsletter. As requested, we made the first few installments public so that you can get a sense of how they are different from and also complement this podcast. Check them out! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. We couldn't do it without you — and the full teams at both Pandaily and SupChina!

Episode 61 of Tech Buzz China is on K-12 edtech entrepreneurs, who are seeing their businesses grow instead of shrink in the wake of the coronavirus. Co-hosts Rui Ma and Ying-Ying Lu discuss top trends and the key players before the virus hit, and how they are responding now. In 2018, the raging headline was that half of the venture capital deployed in edtech that year went to Chinese companies. In the past three years alone, 25 Chinese education companies have gone public. It's a massive market, but what are the common misconceptions held by Western investors? Listen to hear context on China's education system and the resulting influence on edtech business models, as well as the stories behind selected companies GSX and Yuanfudao. You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! You can also email rui@techbuzzchina.com and ying@techbuzzchina.com for feedback. We truly enjoy hearing from you and are constantly working on improving our content. Also, we just launched our new website, techbuzzchina.com, where you can subscribe to our Extra Buzz newsletter. Last week, Rui wrote an excellent piece on the latest impacts of the coronavirus on work, entertainment, and the top internet trends of the day. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. A special thank-you to Kaiser for stepping in with additional production expertise to help us make this week's release deadline. We couldn't do it without you — and the full teams at both Pandaily and SupChina!

Episode 59 of Tech Buzz China takes a retrospective look at 2019 in China internet culture and business happenings. Co-hosts Rui Ma and Ying-Ying Lu review their top picks of the need-to-know trends, occurrences, and players that shaped the landscape in 2019. From the saturation of Chinese mobile internet users to the rise of the rural consumer and a decline in funding for tech companies, listen and decide for yourself: do you agree with our analyses and predictions as we enter the New Year of the Golden Rat? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We truly appreciate your feedback and support. Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo.

In Episode 58 of Tech Buzz China, our first episode of the new decade, co-hosts Rui Ma and Ying-Ying Lu talk about grocery e-commerce, or buying fresh food over the internet. The sector, which in China is sometimes taken to include “New Retail” concepts such as Alibaba's Hema, is seen as one of the few remaining “blue ocean” e-commerce opportunities in China. Thus, it is super fast growing and attracting a lot of investment and interest. Listen to find out: Given the amount of action in the industry, why is the penetration rate still at less than 5 percent? What main challenges within the industry have made it difficult for the various players to scale up? Within the current landscape, what are the differences between purely online services, versus hybrid online-offline, and what have been the growth patterns for both? Finally and perhaps most importantly, what daily habits and cultural factors surrounding grocery shopping in China form the foundation for these realities today… and into the future? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We do truly appreciate your feedback and support. Thank you also to our listeners over at our partner,dealstreetasia.com. We are grateful for our producers, Caiwei Chen and Kaiser Kuo. A big thank you to the talented Shaw Wan for her support to-date. We wish you the very best in your next role!

Here at TechBuzz, we have been busy preparing for our second Investor Trip for March 2–6, 2020. If you are a full-time investor with at least 10 years of experience, consider applying for the trip by writing to us at rui@pandaily.com. During our inaugural Investor Trip in October, Bilibili was one of the companies we visited, and it turned out to be one of our most highly rated meetings! We hope you enjoy what we've prepared today.In episode 57 of TechBuzz China, co-hosts Rui Ma and Ying-Ying Lu talk about Bilibili, a Chinese company that has no easy Western comparable — even as it sells a narrative of being “the You Tube of China.” Bilibili was in the headlines last week for paying $113 million for the Chinese broadcast rights for the next three League of Legends championships. Today, its core businesses include mobile games, livestreaming, advertising, and ecommerce.Listen to find out: How was Bilibili founded? In what ways is its founder, hardcore anime fan Xu Yi, distinctive? How does the site — which has one-in-three Gen Z-ers under the age of 30 in China active monthly on its platform, spending an average of 83 minutes a day on it — work? What characteristics have enabled it to be one of the few entities to receive investment from both Tencent and Alibaba? Do our co-hosts think the company will be able to scale to the next level, by reaching its own target of doubling revenue, while retaining the sense of authenticity and close connection with its fans that it has been able to build over the years?You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We do truly appreciate your feedback and support. Thank you also to our listeners over at our partner, dealstreetasia.com.Of course, we are always grateful for our talented producers, Shaw Wan and Kaiser Kuo.

TechBuzz China is going to China! As part of our inaugural invite-only TechBuzz China Investor Trip for public market investors taking place right after Golden Week, we will be hosting live meetups. These will take place in Beijing's Sanlitun after dinner on Tuesday, October 8, and in Shanghai after dinner on Thursday, October 10. If you are in either of those cities, do come out and have a beer on us! Check our Twitter (@techbuzzchina) for updates on the exact locations and times.Episode 52 of TechBuzz China is on a topic from back in August, when Kuaishou, Baidu, Tencent, and Capital Today invested a collective $434 million into the Q&A site Zhihu 知乎. The site, which literally means “Do you know?” in Chinese, is comparable to Quora in its core services. Its 220 million monthly active users (MAU) is also comparable with Quora's 300 million MAU. In typical TechBuzz fashion, our co-hosts, Rui Ma and Ying-Ying Lu, dive into Zhihu's founding story, the company's business strategy over time, and further comparisons with global sites such as Quora and Reddit. They conclude by explaining why the recent partnership between Kuaishou and Zhihu makes sense.Listen to find out: What does Chinese media believe is significant about the hometown province of Zhihu CEO Zhou Yuan 周源? Over the course of several years, how did Zhihu beat out competitors that included other startups as well as products created by the likes of Baidu? In fact, how might these past stories help to explain Baidu's participation in Zhihu's latest round? What is Fenda 分答, how does it relate to Zhihu's trajectory, and what might explain why it was one of the first instances in which a Silicon Valley entrepreneur openly admitted that he found inspiration in the innovative design of a Chinese company? In what ways is Zhihu's latest financing so notable, and what does it tell us about the current state of the internet landscape in China? How does Bytedance fit into this fray, and what has been the extent of its investment in the space? Finally, what do our co-hosts think about the future of the user-generated text and voice content space in China? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We do truly appreciate your feedback and support. Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our ever-talented producers, Shaw Wan and Kaiser Kuo, and for our intern, Wang Menglu.

In episode 49 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma continue their exploration of the converging trends between the U.S. and China's ecommerce sectors, this week covering the topic of the resale market for sneakers and streetwear. Notably, entrepreneurs in the U.S. and in China, such as the founders of smash-hit sneaker site Pozion, seem to have discovered this space at roughly the same time. Perhaps, our co-hosts muse, due to the tech-savvy nature of the Gen-Z demographic, differences across the two countries are far less than we think. Globally, this and other ecommerce platforms thus far have catered only to women; Poizon and other brands are showing the way to a category in which men are the primary consumers.Rui and Ying-Ying begin by explaining the impetus for this episode: the fact that two unicorns of roughly the same valuation, the same business (selling sneakers and other streetwear to urban youth), and the same lead investor (DST) were born in this space this year. One was the aforementioned Poizon, which is based in Shanghai and was spun off from Hupu, China's leading sports news and community website. The other sneaker unicorn, called StockX, was birthed in Detroit in June.Listen to find out: What are some of the factors behind this “coincidence”? What is behind the growth of China's athletic footwear market? How do most streetwear brands market and distribute their products today, and how does this lead to some items selling at a (at times massive) premium? How are these market trends tied to the rise of the NBA and the CBA in China? How do Poizon's founders enter and drive the story, and in what ways is the company linked to entities such as Bytedance and China's Most Eligible Bachelor? What is interesting about the stories of other global sneaker-sellers such as Stadium Goods, which expanded almost immediately into China and only later into Europe? What are the challenges that these sites face, including but not limited to a fake rate of at least 1 percent?As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our supportive and talented producers, Shaw Wan and Kaiser Kuo, and for our intern, Wang Menglu. Thank you!Listeners who are interested in visiting China should check out Pandaily's one-week immersion into China's tech scene, taking place on October 13-19, 2019. Applications will be available soon on pandaily.com. This trip is not to be confused with TechBuzz China's inaugural invite-only China Investor Trip for public market investors, taking place the following week on October 7–13.Additionally, Bay Area listeners may come out to join TechBuzz co-host Rui Ma, in dialogue with Matt Sheehan at the launch of his new book, The Transpacific Experiment: How China and California Collaborate and Compete for Our Future. The event will take place on the evening of Tuesday, August 13, at the Asia Society, and you should definitely pre-order Matt's book on Amazon.

In episode 48 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma take a look at the direct-to-consumer, or D2C, brands in China. Specifically, they highlight one of the early winners of the business model: Three Squirrels, a Chinese internet snack brand that started off with selling nuts and went public on the Shenzhen Stock Exchange last week with a market cap of close to $2 billion. Though the company has not been covered much in English, it has been all the buzz in China's tech community, and is a story that our co-hosts think is good for demonstrating both the similarities and the differences in the rise of D2C in the U.S. and China. Rui and Ying-Ying begin by explaining what they mean by the “snack market” in China. Though estimates differ on the market size, as well as the definitions of the market itself, our co-hosts agree that the market is enormous as well as highly fragmented. Enter CEO Liaoyuan Zhang (章燎原), whose background prior to founding Three Squirrels — in contrast to many of the founders we have featured so far on TechBuzz — was decidedly unprivileged and unremarkable. He was a street vendor, motorcycle taxi operator, and more, before being hired into a firm that sold nuts and eventually being promoted all the way up to managing director for sales. Listen to find out: What insights did Zhang glean from his experiences in sales, and in the nut industry? Why do we say that Zhang had the right idea (investing into the Chinese version of D2C brands) and the right timing (early 2012) for starting Three Squirrels? How has Zhang's genius for marketing fueled the growth of the brand? What about the company's obsession with intellectual property? What reasons other than branding did Kathy (徐新), the founder of Capital Today who led the company's Series B, give for investing? Overall, what were and are the company's weaknesses? Finally, how does the story of Three Squirrels converge with what we are seeing in the U.S. with direct-to-consumer brands such as Warby Parker, Dollar Shave Club, Glossier, Kylie Cosmetics, and more? As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at@techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our patient and talented producers, Shaw Wan and Kaiser Kuo, and for our wonderful interns, Wang Menglu and Mindy Xu. Thank you!

In episode 47 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into a topic they have been wanting to cover for a while now: Chinese educational technology (edtech). Specifically, they focus on VIPKid, a company that has an incredible number of competitors but is by far the largest in terms of scale for its cross-border model of English-language instruction. Notably, 8 of the 12 startup unicorns categorized as edtech by CBInsights are from China — and this does not include the number of publicly listed Chinese education companies in the U.S. Our co-hosts explain that edtech (alongside the recent TechBuzz topics of online brokerages, e-cigarettes, plastic surgery, and e-sports livestreaming) is yet another example of an industry that is thriving in China but is either not widely reported on or would not work well in other markets.Rui and Ying-Ying begin by exploring the landscape for English learning in China, in the context of edtech. They remind our listeners that while over 300,000 students from China study in the U.S. every year, this demographic is a drop in the bucket as compared with the 1.4 billion Chinese citizens who are alive today. The reality is that the country as a whole ranks low in terms of education attainment: The average Chinese person has only had 7.5 years of formal schooling. Of today's Chinese millennials, almost 20 percent have college degrees, already a sharp increase from the less than 5 percent of Chinese people who are college educated and now in their fifties and sixties. These and other trends, combined with a highly regulated education sector in China, mean that the “TTE” — test prep, tutoring, and extracurricular activities — market for K12 in China is an enormous $18 billion opportunity.Listen to find out: Just how much are Chinese parents spending on extracurricular tutoring for their kids — and how does that compare with the spending of parents here in the U.S.? How much of that funding is going toward English-language tutoring, and what are the reasons behind the Chinese obsession with learning English? How does this all provide context for the legend of 36-year-old VIPKid founder Cindy Mi, a high school dropout who then made her way to an elite M.B.A. program? How did the company first gain traction, and what are its curriculum and business models like today? How did VIPKid come to raise over $800 million from the likes of Sequoia, Tencent, Sinovation, and Coatue, and how did it come to generate at least half a billion dollars of annual revenue with over 600,000 paying customers? What are some of Rui and Ying-Ying's predictions about the macro factors that may impact VIPKid's business in the coming years?As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our awesome producers, Shaw Wan and Kaiser Kuo, and our interns, Wang Menglu and Mindy Xu. Thank you!Our co-hosts plan to take the week of July 4th off and to return in mid-July. Happy Independence Day to our U.S. listeners!

In episode 44 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about So-Young, an internet company that markets and facilitates plastic surgery and other medical cosmetic procedures to Chinese customers. The six-year-old company has a stated mission of bringing “health and beauty” to everyone, and its stock priced at $13.80 per American depositary share (ADS) last week but is now trading at about $20. Prior to listing, So-Young had raised over $250 million in venture capital funding, including some from Tencent. Last year, it claimed to have made $8 million in net income, plus a market share of 82 percent based on user time spent on similar apps. Rui and Ying-Ying begin by giving an overview of the scale of the plastic surgery market in China. In China, the industry is broadly known as “医疗美容” (yīliáo měiróng) or “医美” (yī měi), roughly translated as “medical cosmetology,” which includes procedures such as hair removal, hair transplants, and various kinds of laser- and ultrasound-enabled operations — thus enabling So-Young to argue that it is going after a larger market size. Indeed, by this broad definition, China is the second-largest market in the world, and it is poised to become the largest by 2021. Listen to find out: Who is the founder of So-Young, a former developer and lifelong tech geek who has himself undergone many reconstructive and plastic surgeries? What does he think is the real problem with the plastic surgery industry? As a platform, what are some notable aspects of So-Young's revenue and business model? What types of controversies has the company been involved with, and what are some of its risks and legal issues? Regarding the industry, what are some of the societal and deep-seated belief factors — including some that may be surprising to our listeners outside of China — that help fuel its growth, and how do these affect the demographic breakdown of those who opt for procedures? Ultimately, do our co-hosts believe that platforms such as So-Young are a part of the “problem” or the “solution”? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our rock-star producers, Shaw Wan and Kaiser Kuo, and our interns, Wang Menglu and Mindy Xu. Co-host Rui Ma will be in New York City on Monday, May 20, for SupChina's third annual SupChina Women's Conference. Come join her! And, listen to top leaders discuss how women are impacting China's tech, business, financial, and consumer trends. Jeremy Goldkorn and our producer Kaiser Kuo will also be hosting an on-site live recording of their excellent Sinica Podcast. Our sponsor for this episode is the University of San Francisco. USF's new master's degree in applied economics is a STEM-designated program that combines economics training with the practical skills in data analytics needed to understand today's new digital economy. To learn more, visit usfca.edu/techbuzz.

In Episode 43 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into the world of gaming livestreaming, which is a pretty big industry in China. Specifically, our co-hosts focus primarily on two companies: Douyu and Panda.TV, the former of which has just filed to go public on the NYSE at a valuation of $500 million; and the latter of which officially shut down on March 30 of this year. Notably, these and several other players mentioned in today's episode all share(d) Tencent as a shareholder-- not a surprise, since gaming is in Tencent's lifeblood. Our co-hosts, while not both gamers, both acknowledge that the topic of today's episode is interesting because it is one of the most global ones out there, with plenty of opportunities for cross-border capital. Rui and Ying-Ying begin by launching into the history of the industry, and by giving some topline stats about the current game-centric livestreaming platforms in China. They share that while Douyu claims to be #1, and while it has more users than Huya, Huya is about 25 percent larger by revenue-- and was profitable last year, unlike the loss-making Douyu. They continue by explaining the critical roles that platforms YY and ACFun have played; and tell the founding story of Douyu. Listen to find out: Why was 2014 considered a good year for Chinese esports in general? What are the synergies between the US-based Twitch and some of these domestic platforms? What has been the role of Wang Sicong, known in China as the People's Husband due to his status as the country's most eligible bachelor, in pushing the industry forward? What are the core competencies of any gaming livestreaming platform, and how well has each of these players performed in these areas? On which of these competencies was Panda.TV beat out by Huya and Douyu? What strategies are existing platforms experimenting with going forward, and which of these strategies do Rui and Ying-Ying think are sustainable? As a reminder, listeners unfamiliar with livestreaming in China should check out our Episode 7, How to Win Fans and Influence Losers. As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our rockstar producers, Shaw Wan and Kaiser Kuo; and interns, Wang Menglu and Mindy Xu. Our sponsor for this episode is the University of San Francisco. USF's new master's degree in Applied Economics is a STEM-designated program that combines economics training with the practical skills in data analytics needed to understand today's new digital economy. To learn more, visit usfca.edu/techbuzz.

In Episode 41 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Ruhnn (RUHN), a relatively small yet significant company that filed for IPO a few weeks ago in the U.S. on the Nasdaq. Ruhnn has become the clear leader in China's fast-growing influencer marketing sector, an area in which our co-hosts agree that China should be considered world-leading. Lauren Hallanan, a Chinese social media marketing expert focusing on influencer marketing, and a former livestreamer in China with over 400,000 fans, joins us with insightful commentary on Ruhnn and other influencer incubators.Rui and Ying-Ying begin by explaining that Ruhnn, known in Chinese as Ruhan 如涵, is “China's No. 1. KOL Facilitator”-- with “KOL” standing for Key Opinion Leaders, or the rough equivalent of what in the U.S. are known as influencers. Unlike influencers in the U.S., however, the term KOL has its roots in the advertising industry and is a more professional term that usually implies that the individual is an expert, has a distinct personal brand, and is ready to represent some business interests. In China, one can be KOL in a variety of subjects, such as business or books. The KOLs on Ruhan are mostly in beauty and fashion; as of filing time, Ruhan represented 113 of these influencers-- including now-megastar Zhang Dayi, or Dayi, who also serves as the current CMO of the company. Listen to find out: Who are the founders of Ruhan, and how did they get the idea to create such a platform in 2012? How does the fact that the current Ruhan CEO's wife is an influencer herself tie in to the founding story? How is it that the Nasdaq IPO is technically not Ruhan's first public listing? How do influencers in China monetize, and what exactly are the so-called Platform Services provided by the company? How large is the role of ecommerce on Ruhan, and how does its team use audience preferences and purchasing behavior to guide product development from the start? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our wonderful producers, Shaw Wan and Kaiser Kuo; and for our intern, Wang Menglu. Our sponsor this week is the University of San Francisco. USF's new Masters in Applied Economics is a STEM-designated program that combines economics training with the practical skills in data analytics needed to understand today's new digital economy. To learn more, visit usfca.edu/techbuzz.

In Episode 40 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the new “Technology Innovation Board” on the Shanghai Stock Exchange, which formally announced its first set of rules last week. Rui and Ying-Ying explain that given its recent trajectory, this registration-based NASDAQ-style board could be launched in a few months, if not weeks — much more quickly than skeptics have assumed. With this news as the backdrop, this week's episode serves as a quick primer into the differences between China and the U.S.'s capital markets, as well as how these contrasts may explain some of the differences in Chinese tech entrepreneurship and capital versus those in the U.S.Rui and Ying-Ying begin by walking through a brief history of Chinese domestic capital markets, which had a total market cap of $6 billion late last year and are still really young compared with those in the U.S.; in fact, both the Shenzhen Stock Exchange and the larger Shanghai Stock Exchange were founded in 1990. Notably, prior to last fall, foreigners were unable to invest in A-shares on either exchange. Even after loosening controls earlier this year and doubling the amount foreign investors can invest, China still enforces a total quota of $300 billion, shared globally.Our co-hosts cover a range of core questions in this episode. Listen to find out: How does the fact that the Chinese exchanges are approval-based, and not registration-based, affect listings? What role does the China Securities Regulatory Commission, or CSRC, play? Why are there only 3,500 publicly listed companies in China? Why did the Shenzhen Stock Exchange create two additional avenues for listing, in the form of the SME Board and ChiNext? How does the National Equities Exchange and Quotations (NEEQ), or New Third Board, fit into all of this? Why is it that most of China's best internet companies are listed abroad, and how does that fact play into the new Technology Innovation Board's intentions and potential for impact? From the perspective of a company preparing to list, what are the pros and cons of listing in mainland China versus abroad?As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com.Special thanks to our awesome producers, Shaw Wan and Kaiser Kuo. Our intern is Wang Menglu.Our sponsor this week is the University of San Francisco. USF's Masters in Applied Economics combines economics training with the practical skills in data analytics that you really need to understand today's new digital economy. To learn more, listeners can visit usfca.edu/techbuzz.

Episode 39 of TechBuzz China is on a topic of special interest to our co-hosts, Ying-Ying Lu and Rui Ma: podcasting in China! It was sparked by two recent pieces of news within the podcasting industry. The first was the acquisition of Gimlet Media, a podcasting network, by the newly IPOed music-streaming service Spotify for $200 million; the second was the $100 million raised by the podcasting platform Himalaya. In fact, Himalaya's main investor, China's Ximalaya FM, boasts 23 million daily active users and is rumored to be going for an IPO soon. In contrast to our typical coverage here at TechBuzz, the above subject barely made a splash in Chinese media — but it was a big deal in English-language news, with quite a few articles mentioning China as a leader in the podcasting industry. One often-referenced article stated that the Chinese government estimated the “pay-for-knowledge” economy to be about $7.3 billion in 2017, with the bulk of it coming from paid podcasts. However, Rui and Ying-Ying ask: Is this an accurate reflection of the industry in China? Is it true that the notoriously frugal Chinese just love paying for podcasts? In fact, why are our co-hosts doing an English podcast and not a Chinese one? Rui and Ying-Ying begin by taking our readers on a short journey covering the history of podcasts in China. First, how do we define the “podcast” industry and how does it relate to markets such as the “pay-for-knowledge” sector, which is seeing explosive growth in China? Why has this market taken off? How does the expert-celebrity mentality fit in, as well as knowledge anxiety and the concept that information is money? Who are some of the top audio content creators in China today, and how have they generated such incredible revenue streams? How has the threat of censorship affected how content is created and distributed, and which platforms win out? Other than Ximalaya, what are some of the other companies in this space? What do Rui and Ying-Ying think is the future of the industry? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com. Special thanks to our awesome producers, Shaw Wan and Kaiser Kuo. Our intern is Wang Menglu.

In episode 38 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into this year's Battle of the Red Packets. The name refers to the custom of money-giving, which is an important part of the Chinese New Year experience. It has also been taken over by Chinese internet companies as one of their main user acquisition events of the year.Rui and Ying-Ying begin by sharing the history of hongbao, or “red packet.” In the Ming and Qing dynasties, the traditional gift was simply a stack of coins tied up with red string. With the popularity of paper money came the introduction of the red envelopes we see now. The so-called Battle of the Red Packets emerged in 2014, when WeChat fundamentally changed the rules of the game by allowing users to send digital red packets to the chat groups they are in within the app. WeChat essentially gamified the experience, coining the term 抢红包, or “grabbing red packets.” In the first year, 5 million users grabbed 20 million WeChat red packets 75 million times, from New Year's Eve to 4 p.m. the next day.Since 2014, the yearly phenomenon has taken on a life of its own. Listen to hear Rui and Ying-Ying discuss: Why has Jack Ma likened the WeChat tactic to the attack on Pearl Harbor (as politically incorrect as those words are)? What additional features has WeChat added to the red packets' function? What was the link between WeChat and the CCTV Chinese New Year's Gala? How does WeChat's approach contrast with those of other platforms, such as Alibaba's Alipay? What moves has Baidu made in all of this, and especially this year? What about relative newcomers Douyin and Kuaishou? Finally, in what way do red packets reflect real-life social concepts in China, such as reciprocity and hierarchy (so much so that a Tsinghua University professor has characterized WeChat red packets as a form of social capital accumulation)?As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com.We'd like to give a shout-out to our friends over at Panda Club Stories, a bilingual children's podcast with a big vision: to help raise multilingual and multicultural children through storytelling. Season 1 features well-known tales (and some lesser-known stories) of Chinese mythology. For our listeners who have kids: Join Panda Cub as she dives into the seas of dragon kings and explores jade palaces in the sky!

In episode 37 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into the world of WeChat Mini Programs. Arguably some of the biggest innovations to come out of the Chinese internet, Mini Programs have no real Western equivalent. Ever since it was launched three years ago on January 9, 2016, the Mini Programs function, which is still in an experimental stage, has been touted as a key direction for WeChat. Rui and Ying-Ying begin by exploring the origin story of Mini Programs. They explain that, back in 2016, it was not immediately clear to the WeChat team what to do with the product after its launch. WeChat was observing that while the Official Accounts system was taking off, the main issue was that these accounts were not built to properly handle transactions. So Allen Zhang and his team began to ask themselves if there was something heavier than an Official Account but lighter than a native app that they could make to help businesses transact online, inside of WeChat. The goal was to create something “small and light, fast and beautiful.” Listen to find out: Did the team succeed at building the above mantra into the evolving product of Mini Programs? In what ways are mini programs superior to native apps? For users, what are the various means in which individuals can access the programs within WeChat? From a small-business owner point of view, what are the benefits of launching a mini program? What about the drawbacks? What are mini games and how do they fit into the picture? What about AI — what is its role in all of this? And, finally, which other Chinese internet giants are getting into micro apps, and do our co-hosts believe their efforts will lead to the success that WeChat Mini Programs are experiencing? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com. Episode 37 is our final one before the Pandaily team takes off for Chinese New Year. We'll be back in two weeks, likely kicking off with a fresh look at the New Year's red packet feud between Baidu, Alibaba, and Tencent (BAT). Happy Year of the Pig!

In episode 36 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the dirty, risky, and more unseemly aspects of China tech, primarily focused on two stories that grabbed headlines recently: the “hack” at Pinduoduo, and the corruption scandal at DJI. Although the incidents differ greatly from each other, they have come on each other's heels and our co-hosts decided to bundle them together for an episode, reflecting what's buzzing within the tech community in China right now. Rui and Ying-Ying begin by focusing on the Pinduoduo story. This past week, the company lost millions of dollars to hackers who redeemed coupons for about $15 for about $0.06. At one point, it was rumored that the platform lost over $3 billion in just a few hours, and users wondered if the company would go bankrupt. Pinduoduo has denied these rumors and insists that actual losses will be less than $1.5 million. However, what exactly happened? How did Pinduoduo decide to handle the issue, and what were the ramifications of these actions? How extensive was the damage to both the company and its stock price? Next, our co-hosts shift their attention to a scandal that has rocked Chinese tech this week: the unearthing of over $150 million in losses due to internal corruption at leading drone maker DJI. Incredibly, the “chain of corruption” was unearthed by accident while the company was upgrading its management process late last year. One by one, Rui and Ying-Ying list and review the methods by which employees colluded and completed their dirty deeds. They share about how DJI handled the situation: very publicly, by sending out a letter to its 14,000 staff around the world. Why did they take this approach? Listen to find out: How unusual-- or not-- are these two stories in the landscape of China tech? How are businesses getting scammed by China's “black-gray” industry, in which people are committing fraud at a massive scale? How was it that DJI, a decacorn known for its world-class quality, with anti-corruption systems in place, was able to be brought to its knees by a group of criminal employees? Are there more scandals these days… or is there simply more transparency around events when they do get reported or disclosed? What are some of the other high profile cases that have come up recently? As an investor or entrepreneur in China, what do you need to know about these risks? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com.

In episode 35 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about competitors to the reigning Chinese social media champion, WeChat. Specifically, they focus on three apps that all decided to launch on Tuesday, January 15, 2019, two weeks before Chinese New Year: Bytedance's Duoshan, Wang Xin's self-proclaimed “anti-WeChat” Toilet, and Bullet Messenger 2.0. Following their releases, WeChat promptly blocked links to all three. Our co-hosts ask: Does WeChat have a reason to be scared? Why was it so defensive? Is there truly a chance for any of these companies to topple Allen Zhang's miraculous creation? And if so, how would that come about? Rui and Ying-Ying begin by giving their perspective on WeChat's two main weaknesses. The first is its decreasing representation of young users, specifically, teenagers — a challenge that many other social networks that have been around for a while, including Facebook, also face. The second is the emergence of WeChat Moments as a battleground for user time. This development is a function of the intermingling of personal and professional relationships within one app, and the ensuing messy social graph that WeChat has accumulated. Our co-hosts go on to explain that all three of the apps that were launched this week tried to capitalize on one of the opportunities WeChat leaves open. They describe each product in more detail, delving into them in descending probability of success. Rui and Ying-Ying's top pick is Bytedance's Duoshan. They discuss: In what ways has the product stayed true to its short-video roots? How accurate is the Toutiao insider description of the app as a combination of “Snapchat's framework” plus “Instagram and Messenger's GIF function” and “Apple Watch's heartbeat”? Does it truly solve an organic user problem? As for Toilet, which proudly calls itself “the social network dark web,” just how reminiscent is it of the bygone Secret app in the U.S.? What is the opportunity that its founder sees in anonymous social networking, which, in fact, already exists in China, including in QQ itself? In third place is celebrity-investor-backed Bullet Messenger's 2.0 version. It has renamed itself Chat Treasure (聊天宝 liáotiān bǎo) and rebranded with a new logo, an image of a smiling gold ingot. The ingot serves as an apt reflection of the app's new positioning as a portal for poorer users who seek to make some money or find great deals. Rui and Ying-Ying argue that its main competitive advantage is its marketing and aggressive, gamified user acquisition tactics. Listen to find out: What do Rui and Ying-Ying conclude about each of these new entrants, and why? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com. Finally, TechBuzz listeners in the Bay Area may sign up for Silicon Dragon's Silicon Valley event, taking place this week on January 24. You can find more information and sign up here: https://silicondragonvalley2019.eventbrite.com. Please use code SDValley2019Buzz for 50 percent off!

In episode 34 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the latest version of WeChat, which first came out on iOS the third week of December 2018, and on Android a few days later. It has been over four years since WeChat released an update this large, and since then, it's added on over half a billion monthly active users. The latest updates included several widely expected features, namely, enhanced sharing of both video and content, which overlap with Bytedance's core strengths — definitely not a coincidence. What's the latest behind what is still arguably the most influential internet product of the past decade? And what has been the impact of WeChat's founder on its product development? Rui and Ying-Ying share that WeChat was created by Zhang Xiaolong, or Allen Zhang, who joined Tencent via the internet giant's acquisition of Foxmail. He was originally tasked with heading up the Tencent R&D center and leading the QQ Mail team. As the now legendary — and publicly confirmed — story goes, Allen had a flash of insight, inspired by the traction the Canadian Kik Messenger had amassed in just 15 days. He sent a late-night email to Tencent CEO Pony Ma about the opportunity and the potential threat to existing Tencent products from this kind of mobile-based instant messaging. Pony agreed, and entrusted Allen to execute the release of Tencent's own version. Just a few months later, Allen's team released the WeChat version 1.0. Our co-hosts explain that, though hard to imagine today, WeChat had an extremely rocky start and experienced several shaky periods during its growth. Looking back, it was by no means a sure-bet product from the beginning. Rui and Ying-Ying take listeners on a journey through the app's turbulent history, through its various version iterations, and up to the present day. Throughout, they explain the impact of Allen Zhang's ethos: Our co-hosts argue that he is an artist and a philosopher at heart who cares more about the user experience than about business metrics. How have these values shaped WeChat's most recently stated primary missions: to be a great tool for the users it serves, and to constantly evolve and change in order to do so? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com. Finally, TechBuzz listeners in the Bay Area may sign up for Silicon Dragon's Silicon Valley event, taking place soon on January 24. You can find more information and sign up here: https://silicondragonvalley2019.eventbrite.com. Please use code SDValley2019Buzz for 50 percent off!

In episode 33 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Tencent Music (TME), which finally completed its $1.2 billion IPO after a two-month delay due to market volatility. The company rose 9 percent on its first day, but has traded below the initial offering price ever since. This episode covers the business model of TME, its market potential, and our co-hosts' thoughts on its future outlook. Though often compared to Spotify, to what extent are these two companies truly similar? Rui and Ying-Ying begin today's story by reviewing Tencent Music's corporate history. The entity is comprised of four apps: QQ Music, Kugou Music, Kuwo Music, and WeSing, which today account for a combined 70 percent of China's music market. However, once upon a time these were disparate products that sometimes competed; in fact, they only came together together through an entity known as China Music Corporation (CMC), which was formed in 2012 by Xie Guomin. CMC acquired Kuwo in 2013 and Kugou a few months later; Tencent turned its minority stake in the entity into a majority position when it injected the QQ Music and WeSing assets for over 60 percent ownership at a valuation of $2.7 billion. At this point, the company was renamed to Tencent Music Entertainment. From here, Rui and Ying-Ying contrast the strategies of China- and US-based music player apps. They delve into the reasons for these divergent paths, including China's unique business environment, its domestic user behavior and cash-giving habits, the impact of new categories such as mobile livestreaming… and even Chinese people's deep love for karaoke. Notably, the legally-trained and opportunistic Xie Guomin was first spurred to found CMC to capitalize on the government's changing policies around copyright and intellectual property. Listen to find out: How has this “race to own copyrights” affected the industry and its major players? How do Alibaba and Baidu fit into the picture-- or not? Why is it that paying for music is a behavior TME still needs to cultivate in its users? What does all of this mean in today's competitive landscape, and what does betting for or against TME really entail? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, we would like to welcome our new listeners over at our partner, dealstreetasia.com. Our co-hosts will be on a two-week break for the holidays but we look forward to releasing a new episode the second week of January. Happy Holidays!!

In episode 32 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Luckin Coffee, the hybrid online-offline coffee chain unicorn startup that's turning heads in China with its rapid expansion and innovative business model. In fact, immediately after we completed recording of this episode, news broke that the year-old company has raised another $200 million in fresh funding, upping its valuation to $2.2 billion. Throughout, the dominant Western media narrative has remained that of direct comparisons to Starbucks, describing Luckin as the “Starbucks challenger.” But, just how accurate is this juxtaposition? Additionally, how has now-celebrity CEO Qian Zhiya, or Jenny, been able to attract tremendous amounts of venture capital and to instill strong investor confidence as a first-time founder? Rui and Ying-Ying begin today's story with Jenny's background. At 43-years-old, she was previously best known as one of the hidden weapons of China's leading transportation companies, the operations-heavy Ucar, where she rose from an administrative role to become COO and EVP of the rental division in 2014. At Ucar, Jenny oversaw the rapid growth in mobile-enabled on-demand services from the ridesharing business-- valuable expertise for envisioning and executing on Luckin's marriage of offline storefront expansion and an on-demand experience on the smartphone. The companies' ties do not end there: Jenny started Luckin with a loan from Ucar CEO Lu Zhengyao, and many of Luckin's investors had also invested in Ucar. Rui and Ying-Ying continue by comparing Luckin to Starbucks, and then explaining why that comparison doesn't make much sense. Complete with vivid stories and analysis, our co-hosts' thesis is that Luckin's rise is a prime example of how brands are increasingly using offline presence to acquire online customers, and that the company's technology and digital-first F&B business model innovations can be exported and applied to other businesses and in other locales. Listen to find out: which startups, both in China and here in the U.S., can we more accurately consider to be the chain's “cousins”? What role does data play in optimizing aspects such as delivery, inventory management, personalized deals, and expansion? It's too early to tell if Luckin will succeed, but what factors may tip the odds in one direction or another? How is this Chinese company using technology to successfully reimagine F&B-- faster than Starbucks ever has-- beginning with one of the oldest and seemingly simplest markets, grabbing a cup of coffee? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, we would like to give a shoutout to our new listeners over at our partner, dealstreetasia.com.

In episode 31 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Xiaohongshu, also known as RED, which had received a $300 million investment from Alibaba. Though the money was injected in June, the two companies have recently announced an additional cooperation that links them at the product level– an integration with Alibaba's Taobao. What is the significance of these developments, and what is the story of Xiaohongshu? Listeners also hear from Elijah Whaley, CMO of the Chinese influencer marketing platform ParkLU, which counts RED as a client.Rui and Ying-Ying share that Xiaohongshu's tagline is “world's best lifestyle at your fingertips,” and people often refer to the site as “Instagram and Pinterest sprinkled with a dose of Taobao.” The site's founders, Charlwin Mao and Miranda Qu, are only 33 this year. They first met a decade ago in a US mall, though Xiaohongshu did not exist until Charlwin attended a Tencent-sponsored entrepreneurship camp in his first summer of business school. From the beginning, the co-founders set their sights on the cross-border market, with Xiaohongshu positioned as a community, complete with useful guides and reviews as well as real posts. The initial slogan was “find good things abroad.” This then became “discover good things in the world” and later “good life in the world,” before today's inclusive “taking notes of my life.”Rui and Ying-Ying delve into the product features and positioning that distinguish Xiaohongshu. Even though it is a content platform, the app makes money not from ads, but via traditional ecommerce; as of 2017, it sold 50 percent third-party goods and 50 percent self-operated. Though counterintuitive, their strategy has worked: the company is now at 120 million users and 30 million MAU, with a rumored close to $1 billion in revenue last year and double that this year. How has the platform evolved? What differentiates Xiaohongshu's users from the rest of China ecommerce? What about distinctions in the type of content its users publish? Why is this a smart alliance for Alibaba, and how does the app reflect consumption trends in China?As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our listeners over at partner dealstreetasia.com.Finally, San Francisco Bay Area-based listeners who would like free tickets to view Hao Wu's film on live streaming and its impact in China, People's Republic of Desire, should email yingying@pandaily.com by Friday, December 7. Here is the event link: https://www.roxie.com/ai1ec_event/peoples-republic-of-desire-2/.

In episode 30 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Renren Inc., the closest Chinese analogue to Facebook. The former near-monopoly on the Chinese social networking space, which had formerly raised $800 million in its 2011 IPO, recently announced that it would sell all of its renren.com social networking assets to Beijing Infinities Technology, a holding company, for a mere $20 million in cash and $40 million worth of stock. This episode explores: what happened? Rui and Ying-Ying follow the winding history of Renren, starting with the background of its founder, Joe Chen; through its acquisition of Wang Xing's Xiaonei social network; through its NYSE listing-- which, by the way, Rui's investment banking firm at the time played a small role in. Though the public offering was successful, even hailed as a “prelude to Facebook's IPO,” things started going downhill from there. By 2016, total revenues had dropped by half to $63 million, and the company was consistently reporting losses of active users. This decline has been so stark, in fact, that when CEO Joe Chen announced in a post on Renren.com that the company had been sold, the post only had about 800 views after 12 hours. What are the reasons for this outcome? What roles have poor strategic decisions, the founder's vision (or lack of vision) and ethics, and Renren's insistence on continually bandwagoning onto the latest hot trend played? How is it that by 2017, 75 percent of Renren Group's revenues were coming from used car sales and financing; and that in contrast, Renren.com business made up just 9 percent of the Group's revenues in Q2 of this year? Listen to the newest episode of TechBuzz China and join Rui and Ying-Ying in analyzing the rise and fall of one of China's most iconic internet brands. Throughout, our co-hosts also lean into an unspoken question that is perhaps on many of our listeners' minds as well: What lessons can Facebook and other U.S.-based social platforms learn from this incredible story? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In episode 29 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about China's version of “Black Friday,” the biggest ecommerce shopping festival of the year which Alibaba invented out of thin air in 2008 and now falls yearly on November 11. Rui and Ying-Ying delve into the history behind the “Double 11 Shopping Festival,” as Chinese media title it. How did it get started? Why does it have such mindshare in the world of China internet? How did it go this year? After reviewing the evidence, our co-hosts conclude that despite the large sales figures floating around, this single holiday is not an accurate reflection of the state of the ecommerce sector in China. Rui and Ying-Ying share that the original iteration of Singles Day was launched in 2008 by Daniel Zhang of Alibaba, who has since been promoted to CEO. His intent was to promote Tmall, Alibaba's business to consumer (B2C) platform that was then known as Taobao Merchants. Since the selected date, November 11, was already known to some Chinese millennials as Singles Day, the tagline: “Have nothing to do on Singles Day? Why not buy something to gift away?” stuck easily. In that first year, with only 27 brands participating, sales reached $7 million. In the 10 years since, the shopping holiday's single day Gross Merchandise Volume (GMV) has grown over 4,000 times. On 11/11 this past week, the holiday generated $25 billion for Alibaba alone; in comparison, Amazon's Prime Day 2018 was estimated to bring in a mere $4 billion. Additionally, though most headlines focus exclusively on Alibaba, most other major ecommerce platforms-- including JD, Pinduoduo, VIPShop, NetEast, and more-- now participate as well, boosting numbers even more. Listen to the newest episode of TechBuzz China and join Rui and Ying-Ying in exploring: What is the real story behind the numbers? Is GMV a reliable indicator of actual revenue, and why or why not? What types of practices does Alibaba engage in that contribute to inflating-- or even engineering-- these figures? Is there a strong case to be made for the fact that the bigger headline should be the massive marketing campaigns, logistics, and infrastructure that had to go into this event to make it all happen? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In Ep. 28 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the Chinese AI company that recently toppled Uber to become the highest-valued startup in the world: Bytedance. Having just closed on $3 billion led by Softbank, the company is currently valued at $75 billion. Though our co-hosts have mentioned Bytedance across several previous episodes, including a focus on the company's war with Tencent in Episode 9, today is the first to delve into its founding story, and to give a snapshot of its key strengths and weaknesses. Bytedance's parent company was founded in 2012 with the buzzy mandate to “combine the power of AI with the growth of mobile internet to revolution the way people consume and receive information.” Six years later, the company's two main apps, news-oriented Toutiao and video-based Tik Tok, have over 260 million and over 500 million monthly active users respectively. In fact, Tik Tok, which is just a bit over two years old, was the most downloaded app in the world in the first quarter of 2018. Bytedance's success has affected key metrics of other leading Chinese internet companies. Notably, Tencent has seen its percentage of total internet user usage time drop between June 2017 and June 2018-- with nearly all of that 7 percent decline seemingly directed into Bytedance's family of apps. Indeed, Bytedance's lack of affiliation with either Tencent or Alibaba stands out. This lack of affiliation is due at least in part to Bytedance founder and CEO Zhang Yiming, a 35-year-old, even-keeled, through-and-through geek who has always been fiercely independent and ambitious. It's a well-known anecdote that in 2016, when asked by one of his executives about rumors that Tencent was going to acquire Bytedance, Zhang Yiming replied: “I didn't found Bytedance to become a Tencent executive.” Listen to the newest episode of TechBuzz China and join Rui and Ying-Ying in exploring: What about the hiring process, company culture, and work style of Toutiao make it unique, especially as compared with other Chinese companies? How does the fact that Toutiao is at least partly a content business affect how it does business in China and what its ultimate existential risks are? Is deeming Bytedance China's “Buzzfeed with Brains” an accurate description? Having already made plays for markets in Japan, India, Brazil, North America and Southeast Asia, what's next in the company's efforts to internationalize? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In Ep. 27 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma discuss the latest scandal to come out of Chinese internet -- fake reviews on one of China's leading travel websites, Mafengwo. Mafengwo had $1.5 billion in sales last year, 63k transactions, and over 100 million monthly active users.  It's already backed by some of the best investors in the business, including Temasek, Hillhouse, General Atlantic and Capital Today, and in August, it was leaked that it was in the middle of raising $300mm at a valuation up to $2.5Bn.It all started when analytics firm Shenzhen Hurui and a Wechat official account known for their exposés of the tech industry published a blog that claimed 85%  -- 18mm out of 21 mm -- of Mafengwo's user reviews were faked or plagiarized from other sites. Outrageously, some of them were so poorly plagiarized that they still retained the origin website's URL, or in other cases, scripts indicating that the review was translated using an online translator. Mafengwo immediately denied the accusations and even filed a lawsuit claiming defamation. Our co-host this week is Eva Woo, a former business journalist at SCMP, Bloomberg, and Caixin. Together with Eva, Rui and Ying-Ying unravel the tangle of accusations leveled against Mafengwo and explain why the company has taken such a strong stance against them -- hint: its very business model depends on it.  We also briefly go into why the purported victims from which Mafengwo was alleged to have plagiarized from -- Dianping, Ctrip, et al. -- have made any complaints. Another hint: the entire industry could be guilty of such behavior based on questionable incentives, and plus, there exists an entire shadow paid-poster economy that is thriving with the growing reliance on user-generated content as key building blocks for driving traffic. Listen to the newest episode of TechBuzz China and join Rui, Ying-Ying and Eva in exploring: How did this exposé come about and why are users so outraged?  What can we learn from the Mafengwo incident and should we be more wary of the numbers coming out of other Chinese companies? What are the responsibilities of investors in such instances, or do they have reasons to be complicit in accommodating such bad behavior?  As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.  

In Ep. 26 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma discuss Koubei, rounding up the second installment of a two-part deep-dive into the local services space in China. An Alibaba subsidiary, Koubei recently merged with ele.me, another Alibaba-owned (via acquisition) entity which was covered in Ep. 25 last week. Listeners will also hear from Ed Sander of ChinaTalk, a China trip leader and prolific writer on the topic of e-commerce and China. Rui and Ying-Ying tell the story of Koubei. Though the brand was started in 2004 by an early Alibaba employee, it was left for dead in 2011 before being revived in 2015-- for the explicit purpose of going after the local services market. The O2O market had reached only 4.4% penetration at the time, but already presented massive opportunity. When reborn, Koubei began with the F&B (food and beverage) restaurant business, but it always had grander ambitions-- in fact, its very first press release said that it was eventually going to go into healthcare, supermarkets, and vending machines. Here, the story begins to overlap with Meituan's F&B ambitions: both aspire to digitize every aspect of the restaurant dine-in experience, including using AI to shake up the entire spectrum of operations and customer experience, and introducing “smart restaurants.” However, the crux of the battle between Alibaba and Meitun extends beyond F&B. For both internet giants, the emergence of Local Services and New Retail as a key business unit has been obvious. Listen to the newest episode of TechBuzz China and join our co-hosts and guest commentator in exploring: What can we predict following Meituan's assertions that it expects to be “the most aggressive investor in the offline retail space”? How do concepts such as robots, consumer privacy, and cashierless stores fit into the picture? In what ways is China arguably leading the world in innovations in this market? How are the divergent approaches of Alibaba and rival Tencent (part-owner of Meituan) to staking out ownership leading to different results in China's latest tech battlefront? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.  

In Ep. 25 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Alibaba's recent moves to firm up its strategy around local services, putting pressure on Meituan-Dianping to defend itself. This war of “O2O,” or online to offline, is shaping up to be intense, with the latest battle round being the recent merger between food delivery rival ele.me (which Alibaba had acquired for $9.5 billion in April of this year) and Alibaba's New Retail subsidiary, Koubei. This episode of TechBuzz is the first in a series of deep dives on the local services space in China. Rui and Ying-Ying begin with some background on Meituan's “unstoppable roll” on its way to becoming the “Amazon of services” for China: the gargantuan super app is currently dominating several verticals including food delivery, movie ticket sales, bike sharing, and travel. However, its dominance is being challenged by Alibaba, and in the food delivery space this shows up in the form of the e-commerce giant's support for and acquisition of ele.me. Rui and Ying-Ying tell the origin story of ele.me. The startup's founder, former CEO, and now-Chairman Zhang Xuhao was a first year graduate student at Shanghai Jiatong University when he started the company with five friends in 2008, back when entrepreneurship was considered rebellious and unconventional. The venture was self-funded for a few years before landing angel investment from GSR's Allen Zhu, one of the best investors in China. Though ele.me grew quickly, it was still fairly small when it got its first big break-- Dianping's investment of $80 million which allowed the startup to embark on an accelerated expansion plan. It went from 300 employees at the end of 2013 to 5000 at the end of 2014. By August 2015, with traffic from shareholder Dianping and additional investment from Tencent, ele.me was feeling like it was on top of the world. The story, however, doesn't end there. Listen to the newest episode of TechBuzz China and join our co-hosts in exploring the rise of ele.me, its sale to Alibaba, and what's happened since. What is in store for the company-- and more importantly, for the future of local services in China? What is New Retail, and why is it bleeding into local services? How do they reinforce each other, or do they? Why is there always a war in Chinese internet, and who is going to win this one? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In Ep. 24 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about China Renaissance Group, a tech-focused investment bank founded and led by one of the country's most famed rainmakers, Bao Fan. While the episode covers the firm's recent Hong Kong IPO, as well as some of its top deals, its culture, and several of its business lines, the episode really focuses more on Bao Fan himself-- after all, his career in many ways is the China tech industry. It is often said that everyone who's anyone in China tech is connected to Bao Fan or has done business with him. How has this man, who describes himself as a “bald Shanghainese dude who loves F1 and MMA,” applied massive amounts of ambition and aggression to succeed? Rui and Ying-Ying share that Bao, who stands at a memorable 5'1 and a half inches, was born into a diplomatic family in Shanghai and sent off to boarding school early. He attended high school in the US, college in China, and grad school in Norway; and worked in banking in London, New York, and Hong Kong. Globally minded but deeply Chinese at heart, Bao started China Renaissance in 2004 and named it after the nationalistic idea that China was on the cusp of a rebirth, and the vision that it was going to produce its own great investment bank. Fourteen years later, that conviction has turned Bao into a billionaire banker. Listen to the newest episode of TechBuzz China and join our co-hosts in exploring the man and the firm behind the series of stunning mergers between China's top internet companies starting a few years back: Didi and Kuaidi; 58 and Ganji; Meituan and Dianping, to name a few. As of today, the newly listed China Renaissance has advised 700 transactions worth over $100 billion and has over 600 employees. What's next? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In Ep. 22 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about electric carmaker NIO, which went public on September 12 on the NYSE. This episode covers how NIO got started, its purported business model, and how it differs from its competition. Listeners will also hear from Elliott Zaagman, a writer covering Chinese tech as well as an organizational development consultant for Chinese tech firms. Rui and Ying-Ying start their story with Li Bin, or William Bin Li, who is NIO's celebrity Founder, Chairman, and CEO. Li Bin, only 43 years old this year, is known as the “godfather of the transport sector” in China: not only did he have his first IPO in 2010 for a car-related internet company named BitAuto, but he has also invested in at least 32 companies in the transportation sector, including 5 unicorns. Indeed, Li Bin is widely recognized for being a master at both making and raising money. However, Li Bin and NIO's path in the electric vehicle (EV) industry has not been without its challenges, particularly because of the domestic sector's past experience with unreliable players such as Yueting Jia, the founder of LeEco and Faraday Future. In fact, one recent Chinese article cheekily called NIO and its fellow EVs “the cars that came out of PowerPoints”-- a partial reference to the fact that NIO raised about $2.5B in four rounds before going public, but is still losing money rapidly, to the tune of half a billion dollars in the first half of this year. Listen to the newest episode of TechBuzz China and join our co-hosts in a exploration that seeks to answer the key question: is Li Bin going to be able to deliver on the hardware he promises? Just how comparable is NIO to Tesla? What about to Xpeng Motors, founded by celebrity entrepreneur He Xiaopeng, the other high-flying EV unicorn in China with an internet DNA? What is NIO's actual business model, when it does not actually made its own cars, or even its own batteries (yes, you read that right)? Is it accurate to consider NIO a luxury brand, and if so, is that the right strategy in China? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

In Ep. 21 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the new messaging app, Bullet Messenger, which took the Chinese internet by storm and reached five million registered users in just eleven days. The key question is: is this a true challenger to WeChat? Or is it more of a short-lived, false alarm without real long-term potential? Listeners will also hear expert analysis from Matthew Brennan, a speaker and writer focused on Chinese mobile internet who can be found at @mbrennanchina and on the podcast China Tech Talk. Rui and Ying-Ying start by delving into a crucial quality about Bullet which has been overlooked in English language coverage: the incredible power and reach of its angel investor and best spokesperson, Luo Yonghao. Luo is a former English teacher who gained a cult following thanks to his entertaining sayings and charisma in the classroom. He took his cultural capital and went into smartphones, creating the brand Smartisan, which released its first phone in May 2014. Smartisan formerly employed a senior product manager named Hao Xijie, founder of the company that created Bullet Messenger. Though Hao has made clear that his intention is to disrupt business messaging, media has not been deterred from hailing him as a “WeChat challenger.” Rui and Ying-Ying dig into some of Bullet's features, including its quick voice-to-text function, the ability to reply in threads, and easier management of group chats. However, even with these interesting functions, the big challenge of the app is its lack of contacts-- how is the app going to create overcome the network effects dominance of WeChat? It also has challenges with privacy and with inappropriate content. Even so, the company has already taken on $22 million in funding at a nearly $90 million valuation from Banyan Capital and Chengwei Capital, even before going through the full list of interested investors, which had included Tencent. Listen to the newest episode of TechBuzz China and join our co-hosts in debating: does Bullet have a real chance at disrupting WeChat, or at least take away some of the current use cases of WeChat, the biggest success of Chinese internet in the past decade? Or… is WeChat completely and utterly Bullet-proof? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

In Ep. 20 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma look into the alleged causes behind the recent 22% hike in rent prices in Beijing, a rise which has sparked outrage in citizens. In addition to blaming real estate startups, some headlines have also proclaimed that the influx of venture capital and private equity into the tech sector is at the root of the problem. In the episode, Rui and Ying-Ying take an analytical approach to breaking down the factors affecting the rental market-- or rather, largely the middle range of the rental market-- in Beijing. They start by giving an overview of the market, including citing average rental and purchase prices as a percentage of take-home pay… and the numbers aren't pretty. Unaffordable housing is destabilizing everywhere, but especially in China, where overpopulation is still a nationwide challenge and home ownership is particularly prized. Our co-hosts then focus on the impact of government policies on creating opportunities that were promptly capitalized on by real estate brokerages, which spun out consumer-focused products that fit the millennial and digital native lifestyle. Listen to the newest episode of TechBuzz China and join our co-hosts in delving into the business model of long-term rental platforms such as Ziroom and Danke, which cover about 120,000 apartments in Beijing, or about 2 percent of the market. What has been their impact on both the tech sector and the residential rental market in Beijing? Decide for yourself: are these startups really the culprits behind the spike in rents? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page (https://www.facebook.com/techbuzzchina/), and don't forget to tweet at us at @techbuzzchina to win some swag!

So far in 2018, Tencent's stock price has continued to tumble from analysts' price targets. Today, it sits at $430B, a far cry from its $570B market cap in January, and having done far worse than the market. Some commentators blame the decline on Tencent's Q2 results, which showed a 2 percent drop in earnings and was the company's first fall in profit in nearly 13 years. What is really going on here? What is the real cause, and what does it all mean for what is arguably still China's leading internet company? In this episode of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma take another close look at Tencent. TechBuzz first covered Tencent in Episode 5, and again in Episode 9. Fittingly, those episodes focused on public perception of Tencent's ability to innovate, as well as the robustness of Tencent's overall strategy - including against the likes of rising behemoth Toutiao. This week's Ep. 19 takes a more holistic view of the internal and external factors that may have contributed to Tencent's poor results. Listeners will also hear expert commentary by Lee Gao, Portfolio Manager at GCA, who helps run the firm's Emerging Markets Sustainable Growth Fund. Rui and Ying-Ying delve into many facets of the Tencent story, including: What was the significance of COO Mark Ren taking over the company's stalwart gaming sector, which accounts for over 50 percent of Tencent's revenues? What has been the greater impact of Tencent's protocol of having multiple internal teams work on the same product, with the best one declared winner? How has this type of strategy, and its accompanying lack of deep data integration, affected Tencent's domestic market share on metrics such as total mobile usage time, as well as its ability to collaborate deeply with partners such as Starbucks? What about the impact of other problems such unfavorable government policies, as well as Tencent's challenges getting games approved to be distributed in China? Listen to the newest episode of TechBuzz China and join our co-hosts on a journey down the rabbit hole, as they hunt for the real cause of Tencent's recent price decline. As they synthesize the rampant recent speculation by Chinese media into a mere 20-minute episode, listeners are left to ask themselves: can Tencent do it? Can they bring the lost $140B back? As always, you can find these stories and more at https://pandaily.com/. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

On August 1, The Intercept broke a story that Google was planning to enter China with a censored search engine. Within hours, the same news was all over Chinese tech media. In this episode of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma tell the story of Google in China - or rather, its 2010 departure and oft-rumored return. Though Chinese tech media love speculating, how likely is this to truly happen? What role does the U.S. government play? What factors need to be in place for Google's return to occur, and is this even what the company's real leadership wants? The story of search in China is not complete without also discussing Baidu, which dominates with over 70 percent of the domestic market. In fact, on the day Google left China in 2014, Baidu's stock went up 12% on the news. However, has Baidu truly maximized its opportunities? Is there truth to the complaint that Baidu's search results are heavily skewed towards commercial results, versus user needs? What has been the impact of scams, such as the May 2016 case of an unscrupulous hospital that was promoted on Baidu and resulted in the death of a college student? How do these industry-wide challenges within the China search industry impact attitudes towards Google, and contribute to the excitement around its potential return? Listen to the newest episode of TechBuzz China and delve into the nuances behind Google's real status in China at the level of public opinion. What can we learn from reactions such as that of Baidu's CEO Robin Li, whose viral post on WeChat stated “the entire world is practicing Copy from China. These are realities that every global company that wants to enter China must face and ponder deeply.” When it comes down to it, will Google find success in the China internet market of 2018? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

In this episode of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma tell the story of Pinduoduo. Starting with the company's founding in 2015, they trace the growth of the fastest app in the history of Chinese internet to list on a major exchange. What does the company's IPO prospectus reveal about the intentions and vision of its founder, Colin Huang? In what ways is the app a combination of “Costco and Disneyland”-- or not? The episode concludes by revisiting the insights of Mark Pols, currently Corporate Development at Facebook and previosusly an investor with GGV Capital, whose comments were originally played in Episode 2, in which Pinduoduo was briefly covered. Few in the West realize that Pinduoduo started as two parallel entities: Pinduoduo, which was a marketplace, and Pinhaohuo, which sold fruit and other perishable items via direct sales. The former was intended to be a side project created with the purposes of testing which items would be best for group-buying, but ended up generating 99.8% of the company's revenues by 2017. Indeed, in the last twelve months, Pinduoduo has sold $41.8 billion worth of goods across 7.5 billion orders, with 344 million active buyers-- more users than JD's 302 million, but behind Alibaba's 552 million. However, how valuable are these juxtapositions, given that Pinduoduo is but a “3-year-old child” in comparison? Listen to the newest episode of TechBuzz China and learn about what Pinduoduo actually does, how it works, and how it's gained success. Decide for yourself: how will the backlash and lawsuits around counterfeit goods affect Pinduoduo's long-term success? Just how sticky and sustainable are the app's viral user acquisition efforts? And more importantly, what can the rest of the world learn from this incredible domestic growth story? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

This episode of TechBuzz China is our second of two focused on bike-sharing in China. In it, co-hosts Ying-Ying Lu and Rui Ma tell the story of the rest of China's bike-sharing industry beyond Ofo, focusing on major players Mobike and Hellobike. They cover Mobike's founders, fundraisings, current reach, and distinctive approach to its bike-sharing business, as well as fast-growing latecomer Hellobike's entrance to the scene. Guest speaker Karl Ulrich, the Vice Dean of Entrepreneurship and Innovation at the Wharton School, weighs in for the second week in a row, giving macro-level predictions about the global impact of new solutions for personal transportation. With 29 percent of all internet users in China now making use of bike-sharing services, what is the real impact of these services on metrics such as number of trips taken via subway, bus, and car? How have investors Alibaba and Tencent-backed Meituan staked strategic positions in this race, and how do their positions affect the battle outcomes? Who is Mobike founder Hu Weiwei, and which of the two contrasting versions of Mobike's origin story is real? How has Hellobike's focus on second and third tier cities, as well as dogged pursuit of expense management, affected its growth and staying power? Listen to the newest episode of TechBuzz China and delve into one of the biggest trends in China internet in recent years. Decide for yourself: to what extent has bike-sharing has affected China tech, the lives of everyday Chinese citizens, and the future of personal transportation worldwide? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

The Internet age has brought with it the “New Four Great Inventions” of China: high speed trains, scan-and-pay mobile payments, bike-sharing, and ecommerce. This week's episode is the first in a two-part story on bike-sharing-- told against a backdrop of Ofo, one of the two major Chinese players, pulling out of international markets. What happened? And most importantly, what is happening now? Listen to this week's episode of TechBuzz China by co-hosts Ying-Ying Lu and Rui Ma, for a history lesson on Ofo! Guest speaker Karl Ulrich, the Vice Dean of Entrepreneurship and Innovation at the Wharton School, weighs in as well.TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.Our co-hosts Ying-Ying Lu and Rui Ma break down the origin story of Ofo. Started by five Peking University graduates in bubbly 2014, the team was getting 4000 orders per day on the PKU campus alone, two months after launch. After being spotted by GSR Ventures investor Robin Luo, the rest is history. Today, ofo is at 32 million rides a day in over 200 cities. However, challenges continue to abound: repair costs, oversupply, and figuring out a viable business model in a heavy capex business.Listen to the newest episode of TechBuzz China and decide for yourself-- should bike-sharing, which has fundamentally changed how hundreds of millions of people move, remain as one of the four New Great Inventions?As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

Xiaomi's recent IPO in Hong Kong was the world's biggest tech IPO since Alibaba's in 2014, but will it soar in the stock market and become the Apple of China? Listen to the first ever debate on TechBuzz China by co-hosts Ying-Ying Lu and Rui ma and take your position as a bear or a bull on the new stock. TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.Our co-hosts Ying-Ying Lu and Rui Ma take opposite positions on the future of Xiaomi, an eight-year old company founded by billionaire entrepreneur Lei Jun. They battle it out on whether Xiaomi is an Internet company with hundreds of companies within its ecosystem and lots of potential, or simply a smartphone maker whose limitations are set by Lei's promise of making no more than 5% profit on all hardwares. Interested in investing in the company lead by the Steve Jobs of China? Listen to the newest episode of TechBuzz China to find out what really goes on inside the “Apple of China”.As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

On June 18, JD.com concluded its annual shopping festival with a transaction volume of around US$24.5 billion. On the same day, the e-commerce platform also announced an investment from Google of $550 million. What does this new alliance mean? Listen to latest episode from TechBuzz China to find out!TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.This week on TechBuzz China, Ying-Ying and Rui gives a thorough breakdown of China's second largest e-commerce platform, from its history and recent ventures abroad, to the couple behind the behemoth with celebrity statuses akin to Amal and George Clooney.Why did Google choose to work with JD.com who is in Team Tencent instead of Alibaba? What are the strengths and weaknesses of the two e-commerce platforms?As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, and don't forget to follow us on Twitter at @techbuzzchina and to like our Facebook page!

As a TechBuzz China listener, you must be at least a little bit crypto-curious. This week on TechBuzz China, we talk in-depth about Bitmain, the most valuable company in the cryptocurrency space that happens to be from China. TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.This week, TechBuzz China's very own Ying-Ying Lu and Rui Ma, along with guest co-host Joyce Yang, talk all about cryptocurrency - more specifically, the biggest crypto company in the world, Bitmain. With profits of 3 to 4 billion dollars last year, how did Bitmain manage to hold 70-80% of the market share of bitcoin mining hardware? What are their future challenges and how will the Chinese government play a role?Our special guest co-host this week is Joyce Yang, the creator of Global Coin Research, a content platform that bridges the East and the West in this new global crypto world. In this episode, we also hear from Tim Swanson, the founder of Post Oak Labs who has heard over 500 blockchain-related pitches, and Jimmy Song, long time Bitcoin developer turned Venture Partner at Blockchain Capital.As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @techbuzzchina and to like our Facebook page!

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China by Pandaily是其旗下向硅谷介绍中国创新的英文播客。What do you call an unicorn worth more than $100 billion? A centacorn, of course! This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma discuss a newly minted centacorn - Ant Financial. TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.Alibaba Group, the owner-turned-affiliate-turned-shareholder of Ant Financial, was valued at $140 billion when it went public in 2014. Now, Alibaba's spinoff payment platform Ant Financial was valued at more than $150 billion in their pre-IPO round in June 2018. What does Ant Financial do that makes it such a highly valued company? What is the convoluted relationship between Ant Financial, Alibaba, and Jack Ma? Is the valuation a sign that Ant Financial will become a bigger company than its parent, Alibaba Group? To answer these questions and more, Rui and Ying-Ying also invited Wayne Shiong, a notable fintech VC in China, to share his thoughts. Don't miss out on their valuable insights and listen to this week's episode! As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @techbuzzchina and to like our Facebook page!

This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping.TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.Meituan-Dianping has dipped its toes in almost EVERY aspect of any Chinese's life-- including food delivery, payments, ride-hailing, movie tickets sales, and travel booking. The fifth-largest unicorn is the result of a $15 billion merger between the Groupon-clone Meituan and the Yelp-predecessor Dianping, and was last valued at $30 billion, possibly soon to double in valuation if the rumored upcoming IPO holds true.How did Wang Xing create one great venture after another, from the Facebook copycat Xiaonei (now RenRen) to the Twitter clone Fanfo, yet Meituan being his only real success?Why did the the review app Dianping, created a whole year before Yelp, merge with Meituan? And why is Wang Xing now leading Meituan to compete in all these industries? Listen to this week's episode to find out!As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @techbuzzchina and to like our Facebook page!

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China by Pandaily是其旗下向硅谷介绍中国创新的英文播客。TechBuzz China by Pandaily is a weekly technology podcast that is all about China's innovations. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They share and discuss the most important tech news from China every week with commentaries from investors, industry experts and entrepreneurs.This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma explain the fight between Bytedance and Tencent as sparked by the war in short-video apps. They trace it back to the humble beginnings of short-video apps and talk about the major players such as Xiaokaxiu, Musical.ly, and Kuaishou who had their 15 mins of fame along the way.Currently, the space is dominated by Tencent-backed Kuaishou and Bytedance's Douyin, while the other two members of BAT, Alibaba and Baidu, both announced that they will be releasing their own short-video apps as well. Who will come out on top in the vie for Chinese netizens' attentions? Listen to hear what Ying-Ying and Rui have to say!As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow Pandaily on Twitter at @thepandaily, as well as TechBuzz at @TechBuzzChina!

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China by Pandaily是其旗下向硅谷介绍中国创新的英文播客。TechBuzz China by Pandaily is a weekly technology podcast that is all about China's innovations. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They share and discuss the most important tech news from China every week with commentaries from investors, industry experts and entrepreneurs.This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma look at the resignation of Baidu COO and tech genius Lu Qi and how the move brought tidal waves of speculations, commentary, and reactions to the Chinese tech world.What is Lu Qi's story and where is he going next?What did Lu Qi do to have Baidu stocks rise by 58% during his tenure?Why did his departure strike a strong cord, while previous departures of top Silicon Valley execs such as Huge Barra from Xiaomi and Andrew Ng from Baidu resonated less with the Chinese tech world? Rui and Ying-Ying answer these questions and more on this week's episode! As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @thepandaily and to like our Facebook page!

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China by Pandaily是其旗下向硅谷介绍中国创新的英文播客。TechBuzz China by Pandaily is a weekly technology podcast that is all about China's innovations. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They share and discuss the most important tech news from China every week with commentaries from investors, industry experts and entrepreneurs.This week on TechBuzz China by Pandaily, our hosts Ying-Ying Lu and Rui Ma look at the Chinese live streaming industry, the true darling of the Chinese Internet age unbeknownst to the West. They trace back the origins of this industry, whose market cap grew by almost 250 times in half a decade, explaining the psychology of the ordinary Chinese involved, and break down companies such as HUYA, Inke, and M17 who are the forerunners in this arena. How did it all start? Why are people so hooked? What's the business model, and is that sustainable? Find out these answers and more by tuning in to the latest episode of your favorite weekly China tech podcast.As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @thepandaily and to like our Facebook page!

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China by Pandaily是其旗下向硅谷介绍中国创新的英文播客。TechBuzz China by Pandaily is a weekly technology podcast that is all about China's innovations. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They share and discuss the most important tech news from China every week with commentaries from investors, industry experts and entrepreneurs.This week on TechBuzz China by Pandaily, our hosts Ying-Ying Lu and Rui Ma talks all about the happenings of the auto industry in China. There is a good news and bad news, which one do you want to hear first? The bad news that made waves all across China was the alleged rape and murder of a female passenger by a DiDi Hitch driver. Rui and Ying-Ying talks about how the design of the Hitch product is partially responsible for the tragedy and the steps DiDi-Chuxing has taken to address this issue. The good news is that China has loosened up its policies towards foreign new-energy vehicle carmakers and Tesla was the first to set up their wholly-owned venture in China. Ying-Ying and Rui share their insight on the EV market in China and even make predictions on how everything will play out in the largest EV market in the world. As always, you can find these stories and the latest development of the DiDi story at pandaily.com. Let us know what you think of the show, don't forget to follow us on twitter at @thepandaily and like our Facebook page!