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	<title>Greater China Business Club - Rensselaer in China</title>
	<atom:link href="http://gcbc.union.rpi.edu/?feed=rss2" rel="self" type="application/rss+xml" />
	<link>http://gcbc.union.rpi.edu</link>
	<description>Synergizing RPI alumni and friends who put China in their “changing–the-world” map.</description>
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		<title>Baidu Integrates PC &amp; Mobile Advertising Systems</title>
		<link>http://technode.com/2013/05/17/baidu-integrates-pc-mobile-advertising-systems/</link>
		<comments>http://technode.com/2013/05/17/baidu-integrates-pc-mobile-advertising-systems/#comments</comments>
		<pubDate>Fri, 17 May 2013 09:20:25 +0000</pubDate>
		<dc:creator>Chelsea Dong</dc:creator>
				<category><![CDATA[Advertising]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10544</guid>
		<description><![CDATA[Baidu will release the integrated advertising system for both&#160;PC and mobile search marketing this weekend so that customers only need to manage one account. Customers can put their ads on different screens as they wish.&#160;Bidding prices can be set different on the two platforms and customers can change the budget ratios between the two. Baidu [...]
Related posts:<ol><li><a href="http://technode.com/2012/11/24/how-smallbig-is-chinese-mobile-advertising-market/" rel="bookmark" title="How small/big is Chinese mobile advertising market?">How small/big is Chinese mobile advertising market?</a></li>
<li><a href="http://technode.com/2013/01/31/baidu-announced-phoenix-nest-for-mobile/" rel="bookmark" title="Baidu Released Phoenix Nest for Mobile">Baidu Released Phoenix Nest for Mobile</a></li>
<li><a href="http://technode.com/2012/12/21/taobao-union-to-open-advertising-services-to-all-online-advertisers/" rel="bookmark" title="Taobao Union to Open Advertising Services to All Online Advertisers">Taobao Union to Open Advertising Services to All Online Advertisers</a></li>
</ol> <a href="http://technode.com/2013/05/17/baidu-integrates-pc-mobile-advertising-systems/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-10547" alt="Baidu" src="http://gcbc.union.rpi.edu/wp-content/uploads/2013/05/baidu-integrates-pc-mobile-advertising-systems.jpg" width="149" height="142" />Baidu will release the integrated advertising system for both PC and mobile search marketing this weekend so that customers only need to manage one account.</p>
<p>Customers can put their ads on different screens as they wish. Bidding prices can be set different on the two platforms and customers can change the budget ratios between the two. Baidu also rolled out a package of tool for mobile search marketing, including tools for setting up mobile sites, online consulting, and app marketing, etc.</p>
<p>According to Baidu, with regard to search behavior, users do searches on PC mostly at working hours. And mobile search traffic would soar on weekends, which makes a good complement for the PC advertising.</p>
<p>Related posts:
How small/big is Chinese mobile advertising market?
Baidu Released Phoenix Nest for Mobile
Taobao Union to Open Advertising Services to All Online Advertisers
</p>]]></content:encoded>
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		<title>One Third of Sina Weibo’s Ad Revenue Generated from Mobile in Q1 2013</title>
		<link>http://technode.com/2013/05/17/one-third-of-sina-weibo-ad-revenue-from-mobile-in-q1-2013/</link>
		<comments>http://technode.com/2013/05/17/one-third-of-sina-weibo-ad-revenue-from-mobile-in-q1-2013/#comments</comments>
		<pubDate>Fri, 17 May 2013 08:39:34 +0000</pubDate>
		<dc:creator>Tracey Xiang</dc:creator>
				<category><![CDATA[Weibo]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10537</guid>
		<description><![CDATA[As of Q1 2013 76.5% of Sina Weibo users logged in through mobile devices and 34% of ad revenue was from mobile, up from 25% quarter-over-quarter, disclosed Sina management on&#160;the earnings conference call today. Sina Weibo recorded $18.8 million in advertising and $11.1 in value-added services; of the latter&#160;$2 million is from membership subscriptions and [...]
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<li><a href="http://technode.com/2012/08/17/sina-weibo-reached-368millions-users-and-10m-ads-revenue/" rel="bookmark" title="Sina Weibo Reached 368millions Users And $10m Ads Revenue in Q2">Sina Weibo Reached 368millions Users And $10m Ads Revenue in Q2</a></li>
<li><a href="http://technode.com/2013/05/03/yy-music-reports-more-than-doubled-revenue-in-q1-2013/" rel="bookmark" title="YY Music Reports More than Doubled Revenue in Q1 2013, Will Sell Mobile Virtual Items In Second Half">YY Music Reports More than Doubled Revenue in Q1 2013, Will Sell Mobile Virtual Items In Second Half</a></li>
</ol> <a href="http://technode.com/2013/05/17/one-third-of-sina-weibo-ad-revenue-from-mobile-in-q1-2013/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p><img class="alignright  wp-image-10542" alt="[Z0SX`MH6J`C9676FC2C@36" src="http://technode.com/wp-content/uploads/2013/05/Z0SXMH6JC9676FC2C@36-300x298.jpg" width="210" height="209" />As of Q1 2013 76.5% of Sina Weibo users logged in through mobile devices and 34% of ad revenue was from mobile, up from 25% quarter-over-quarter, disclosed Sina management on the earnings conference call today. Sina Weibo recorded $18.8 million in advertising and $11.1 in value-added services; of the latter $2 million is from membership subscriptions and the rest from web games (or browser game), which is a 180% increase.</p>
<p>Fensitong, or promoted feed ad program, now has over one thousand customers that have deposited money. Currently most customers that place budget on Weibo are still brand advertisers who has been doing marketing with Sina&#8217;s properties, but Sina wants to popularize it among SMEs, according to Charles Chao, chairman and CEO of Sina Corp. Several agencies in Zhejiang and Jiangsu provinces are managing those customers for Sina.</p>
<p>As offering games is a proven way to monetize a large user base in China, Charles Chao said they&#8217;d continue to work on it.</p>
<p>When it comes to its partnership with Alibaba, Charles Chao hopes &#8220;over the longer term it will create opportunities in social commerce and mobile commerce which both companies believe are of great potential&#8221;, but currently what we have seen on Weibo is targeted ads from Taobao and Tmall. Alibaba has been doing targeted advertising on third-party sites with Alimama program. The ads shown are based on user behaviors such as searches on Alibaba&#8217;s properties. What makes those shown on Sina Weibo different is Weibo user behaviors&#8217; may be also taken into account thus Alibaba can push more targeted ads. To Sina, what would be added is just more CPC/CPS-based revenues.</p>
<p>Earlier this month it launched the mobile-only-for-now Page that anything, a location, a topic or a good, can set up a webpage for other users to follow &#8212; it sounds like what Douban, an interest-oriented social site, has been doing. It is expected to have users consume more content and spend more time on Weibo by following Pages they like. It&#8217;s also possible that it can be used by advertisers to do content marketing.</p>
<p>Daily active users increased about 8% to 49.8 million. Sina Corp. reported $121.3 million non-GAAP revenue with $94.3 from online advertising and $15.9 million from mobile value-added services.</p>
<p>Related posts:
Weibo Generated $66mn in 2012 for Sina, Other Businesses in Decline
Sina Weibo Reached 368millions Users And $10m Ads Revenue in Q2
YY Music Reports More than Doubled Revenue in Q1 2013, Will Sell Mobile Virtual Items In Second Half
</p>]]></content:encoded>
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		<title>More Chinese Startups Are Moving to Second-tier Cities</title>
		<link>http://technode.com/2013/05/16/more-chinese-startups-are-moving-to-second-tier-cities/</link>
		<comments>http://technode.com/2013/05/16/more-chinese-startups-are-moving-to-second-tier-cities/#comments</comments>
		<pubDate>Thu, 16 May 2013 15:01:21 +0000</pubDate>
		<dc:creator>Tracey Xiang</dc:creator>
				<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10533</guid>
		<description><![CDATA[Chuangtouquan&#160;(ctquan), a startup investing network, released a report that shows second-tier Chinese cities are hosting more startups in terms of percentage. In 2011, 84% of Chinese startups were located in first-tier cities including Beijing, shanghai and Guangzhou. The rate decreased to 77% in 2012. Second-tier cities including Chengdu, Hangzhou, Nanjing and Wuhan became the new [...]
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<li><a href="http://technode.com/2012/05/12/technode-produces-tech-tour-in-5-cities-with-zynga-rovio-domob-and-more-startups/" rel="bookmark" title="TechNode Produces Tech Tour in 5 Cities with Zynga, Rovio, Domob and More Startups">TechNode Produces Tech Tour in 5 Cities with Zynga, Rovio, Domob and More Startups</a></li>
<li><a href="http://technode.com/2013/01/13/chinese-startups-in-2012/" rel="bookmark" title="Chinese Startups in 2012">Chinese Startups in 2012</a></li>
</ol> <a href="http://technode.com/2013/05/16/more-chinese-startups-are-moving-to-second-tier-cities/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-10534" alt="CMJ3M}7VEV)SS[TQS`U~2_K" src="http://gcbc.union.rpi.edu/wp-content/uploads/2013/05/more-chinese-startups-are-moving-to-second-tier-cities.jpg" width="300" height="276" /></p>
<p>Chuangtouquan (ctquan), a startup investing network, released a report that shows second-tier Chinese cities are hosting more startups in terms of percentage. In 2011, 84% of Chinese startups were located in first-tier cities including Beijing, shanghai and Guangzhou. The rate decreased to 77% in 2012. Second-tier cities including Chengdu, Hangzhou, Nanjing and Wuhan became the new startup scenes.</p>
<p>It&#8217;s driven by no more than cost and talent, according to the report.</p>
<p><strong>1 Costs.</strong> The average office space rental rate in the first-tier is 3.5 to 4 times of that in the second-tier and is increasing at 30% to 40%.</p>
<p>67% of engineers who earn 10,000 yuan or more a monthly salary are in first-tier cities. The monthly salary range for an engineer in second-tier cities is 2000 to 5000 yuan.</p>
<p><strong>2 No shortage of talents.</strong> Some second-tier cities such as Nanjing, Wuhan, Xi&#8217;an and Chengdu are full of colleges that can meet the talent needs.</p>
<p><strong>3</strong> Governments of some second-tier cities, like what some big cities began doing ealier, have set up funds to support entrepreneurship.</p>
<p>Earlier this year, Quwan, a social shopping site, moved its headquarter from Beijing to Chengdu. In an interview on it, Zhou Pin, founder of Quwan, says the major reason is his team cannot see a better life in Beijing; for instance, some of them cannot afford an apartment, &#8220;I want them to have a better life so that they can do a better job&#8221;. Also he wants his team to &#8220;settle down&#8221; in the next three to five years developing products and services. (in Chinese)</p>
<p>Some employees didn&#8217;t want to move. But what to his surprise is all the senior managers and most mid-level managers agreed to move. It turns out that young people would like to stay in Beijing where they think is full of opportunities and future returns will be high. But those middle aged managers know that only a small percentage of people in big companies like Baidu and Tencent can afford a home in cities like Beijing.</p>
<p>Average office rental rate is 1/3 or even 1/6 of that in Beijing. Average apartment price is 1/3. Local senior engineers earn 80% of the monthly salary of their Beijing-based peers&#8217;, but average local employees earn much lower a salary. Now Quwan is headquartered at Chengdu tech park, which is established by the local government, who offers them free office space for a three-year period.</p>
<p>But, Zhou Pin said, marketing and business development divisions must still be in Beijing.  Fu Sheng, CEO of Kingsoft ijinshan, doesn&#8217;t think a Beijing-based Internet company should leave at all. He thinks that Internet technologies are changing too fast that you&#8217;d be easily lag behind if you leave an environment that everyone is exciting about and talking about tech, and pushed forward by it.</p>
<p>image credit: spencerinsurance.com</p>
<p>Related posts:
Doing Mobile Business in China? Do Not Only Rely on Tier-1 Cities
TechNode Produces Tech Tour in 5 Cities with Zynga, Rovio, Domob and More Startups
Chinese Startups in 2012
</p>]]></content:encoded>
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		<title>Meitu Kiss Phone Released. Will Meitu Be Another Xiaomi?</title>
		<link>http://technode.com/2013/05/16/meitu-kiss-phone-released/</link>
		<comments>http://technode.com/2013/05/16/meitu-kiss-phone-released/#comments</comments>
		<pubDate>Thu, 16 May 2013 11:08:45 +0000</pubDate>
		<dc:creator>Tracey Xiang</dc:creator>
				<category><![CDATA[Mobile]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10524</guid>
		<description><![CDATA[&#160; We once introduced how the photography-focused Meitu Kiss phone came into being and it is backed by Cai Wensheng, a legendary figure in China&#8217;s tech industry. Today it is officially released, together with MeituAir, the built-in cross-platform photo management software. With customized Android 4.2,&#160;quad-core&#160;MT6589&#160;processor, 4.5-inch 1280 x 720 display and 8 mega-pixel front &#38; [...]
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<li><a href="http://technode.com/2013/04/24/legendary-angel-investor-cai-wensheng-took-over-helm-of-meitu-for-the-phone-release/" rel="bookmark" title="Legendary Angel Investor Cai Wensheng Took over Helm of Meitu,Who Are Building A Smartphone">Legendary Angel Investor Cai Wensheng Took over Helm of Meitu,Who Are Building A Smartphone</a></li>
<li><a href="http://technode.com/2013/05/16/rumors-aliyun-set-top-box-xiaomi-laptop-camera-360-phone/" rel="bookmark" title="Rumors: Aliyun Set-top Box, Xiaomi Laptop, Camera 360 Phone">Rumors: Aliyun Set-top Box, Xiaomi Laptop, Camera 360 Phone</a></li>
</ol> <a href="http://technode.com/2013/05/16/meitu-kiss-phone-released/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p>]]></content:encoded>
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		<title>Mobile QQ Users Are Angry With the New Version’s Becoming A WeChat Knockoff</title>
		<link>http://technode.com/2013/05/16/mobile-qq-users-are-angry-with-the-new-versions-becoming-a-wechat-knockoff/</link>
		<comments>http://technode.com/2013/05/16/mobile-qq-users-are-angry-with-the-new-versions-becoming-a-wechat-knockoff/#comments</comments>
		<pubDate>Thu, 16 May 2013 10:44:24 +0000</pubDate>
		<dc:creator>Charlie Sheng</dc:creator>
				<category><![CDATA[Mobile App]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10525</guid>
		<description><![CDATA[Shortly afterMobile QQ 4.0 for iPhone&#160;released&#160;on May 9th, tens of thousands of users flooded its&#160;App Store page with low ratings and negative reviews. &#160;Some even said it was the &#8220;the worst version ever&#8221;. Most of them are not happy with removing the function of showing users&#8217; status like &#8220;online&#8221;,&#8221;busy&#8221; and not showing whether a user [...]
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<li><a href="http://technode.com/2013/03/25/china-mobile-to-revamp-fetion-to-fight-back-against-wechat/" rel="bookmark" title="China Mobile to Revamp Fetion to Fight Back against WeChat">China Mobile to Revamp Fetion to Fight Back against WeChat</a></li>
</ol> <a href="http://technode.com/2013/05/16/mobile-qq-users-are-angry-with-the-new-versions-becoming-a-wechat-knockoff/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p>Shortly afterMobile QQ 4.0 for iPhone released on May 9<sup>th</sup>, tens of thousands of users flooded its App Store page with low ratings and negative reviews.  Some even said it was the “the worst version ever”. Most of them are not happy with removing the function of showing users’ status like “online”,”busy” and not showing whether a user logs in through mobile device or PC.</p>
<p>Somehow the new version looks like QQ’s little brother Wexin. or WeChat. The status info is never displayed in Wexin, and the newly added social idea of “QQ FriendsCircle” is also pretty much same as the “Moments” in Weixin. Actually it is known that management of the company did intentionally want the two chatting tools be closer in function.</p>
<p><img class="aligncenter size-medium wp-image-10532" alt="7ZK1LR@7MFYHJQB[]1VARW9" src="http://gcbc.union.rpi.edu/wp-content/uploads/2013/05/mobile-qq-users-are-angry-with-the-new-versions-becoming-a-wechat-knockoff.jpg" width="300" height="256" /></p>
<p>]]></content:encoded>
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		<title>Rumors: Aliyun Set-top Box, Xiaomi Laptop, Camera 360 Phone</title>
		<link>http://technode.com/2013/05/16/rumors-aliyun-set-top-box-xiaomi-laptop-camera-360-phone/</link>
		<comments>http://technode.com/2013/05/16/rumors-aliyun-set-top-box-xiaomi-laptop-camera-360-phone/#comments</comments>
		<pubDate>Thu, 16 May 2013 03:07:22 +0000</pubDate>
		<dc:creator>Chelsea Dong</dc:creator>
				<category><![CDATA[Gadget]]></category>
		<category><![CDATA[Rumors]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10521</guid>
		<description><![CDATA[Rumors about hardware are flying. What&#8217;s for sure is 2013 will turn out to be a year of hardware to China&#8217;s tech industry. &#160; Aliyun Set-top Box It is reported that Aliyun plans to launch a set-top box. Different from what LeTV and PPTV do &#8212; partnering with license holders for content, Aliyun set-up box [...]
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</ol> <a href="http://technode.com/2013/05/16/rumors-aliyun-set-top-box-xiaomi-laptop-camera-360-phone/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p>Rumors about hardware are flying. What&#8217;s for sure is 2013 will turn out to be a year of hardware to China&#8217;s tech industry.</p>
<p>]]></content:encoded>
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		<title>Baidu Finds Usage of Standalone Mobile Browser Decelerate</title>
		<link>http://technode.com/2013/05/15/baidu-finds-standalone-mobile-browser-decelerate/</link>
		<comments>http://technode.com/2013/05/15/baidu-finds-standalone-mobile-browser-decelerate/#comments</comments>
		<pubDate>Wed, 15 May 2013 13:57:35 +0000</pubDate>
		<dc:creator>Chelsea Dong</dc:creator>
				<category><![CDATA[Mobile]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10518</guid>
		<description><![CDATA[Baidu Releases its findings on mobile usage as of Q1 2013. Below are some highlights: The gap between time spent on mobile devices and that on PC deepended to 29% as of March 2013. Users spend more time on mainstream native apps while the rest apps have difficulty gaining traction. Reasons for the latter include [...]
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</ol> <a href="http://technode.com/2013/05/15/baidu-finds-standalone-mobile-browser-decelerate/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<img class="alignright size-full wp-image-10519" alt="Baidu Mobile Browser" src="http://technode.com/wp-content/uploads/2013/05/JN8S_2OPU02BYT39A4I.jpg" width="252" height="246" />
Baidu Releases its findings on mobile usage as of Q1 2013.</p>
<p>Below are some highlights:</p>

The gap between time spent on mobile devices and that on PC deepended to 29% as of March 2013.
Users spend more time on mainstream native apps while the rest apps have difficulty gaining traction. Reasons for the latter include 1) users don’t visit app stores often; 2) users seldom use some apps or even forget them. 60% of apps wouldn&#8217;t be opened in the week after being downloaded, and one third of them wouldn&#8217;t be used in a month.

<p style="display: inline !important;">The total time spent on native apps increased by 7% and some categories saw much higher growth rate; for instance, video/audio apps increased by 31%, online shopping & payments 34%, search 20%, and maps & navigation 16%.</p>

The average time spent on mobile browsers increased only by 2%, much lower than the 7%. Not only do users click open them less frequently, but also standalone mobile browsers are less frequently fired up with link clicks in third-party apps &#8212; for mainstream apps including Weibo, WeChat and search apps have had built-in browsers.

<p>Related posts:
Mobile Internet Accelerating With Increasing Apps Usage, says Umeng
Rumor, Baidu To Acquire UC, Chinese No.1 Mobile Browser
Baidu Released its Browser, a Disappointing Browser but a Promising Prototype of Cloud OS
</p>]]></content:encoded>
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		<title>TouchChinese Believes in Teaching One-to-one even in Internet Era</title>
		<link>http://technode.com/2013/05/15/touchchinese-believes-in-teaching-one-to-one-even-in-internet-era/</link>
		<comments>http://technode.com/2013/05/15/touchchinese-believes-in-teaching-one-to-one-even-in-internet-era/#comments</comments>
		<pubDate>Wed, 15 May 2013 12:00:10 +0000</pubDate>
		<dc:creator>Tracey Xiang</dc:creator>
				<category><![CDATA[Education]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10514</guid>
		<description><![CDATA[TouchChinese, a China-based online Chinese learning service,&#160;believes in two things most Chinese always do when it comes to education: good teachers and teaching one-to-one.&#160;Agree on it or not, TouchChinese offers online Chinese language lessons with that in mind. Learning with TouchChinese is easy. A teacher will be assigned for a student after the latter signs [...]
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</ol> <a href="http://technode.com/2013/05/15/touchchinese-believes-in-teaching-one-to-one-even-in-internet-era/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p>
<img class="alignright" alt="TouchChinese" src="http://technode.com/wp-content/uploads/2013/05/SGFA2BGMP10Y6LE338SIM.jpg" width="243" height="120" />TouchChinese, a China-based online Chinese learning service, believes in two things most Chinese always do when it comes to education: good teachers and teaching one-to-one. Agree on it or not, TouchChinese offers online Chinese language lessons with that in mind.</p>
<p>Learning with TouchChinese is easy. A teacher will be assigned for a student after the latter signs up to a program. The student can schedule lessons at his/her convenience so long as the teacher is awake and free. One-on-one live lessons will be conducted through video messaging software like Skype.</p>
<p>TouchChina said they&#8217;d focus on one-to-one teaching so far. With tools like Skype, teaching one to one is easy no matter how geographically far a teacher and a student are. One of the reasons,<br />
 however, that online education is regarded as disruptive is that one live or recorded course would benefit numerous people. Also, since it&#8217;s one-time cost, such a course cannot be very expensive if it&#8217;s consumed by a considerable number of people. Considering time limits and costs, one-to-one education may still be a luxury to many people around the world. Hope $15 or less charged by TouchChina for a lesson isn&#8217;t expensive to everyone who wants to learn Mandarin.</p>
<p>Only those who have received professional training in “Teaching Chinese as a Foreign Language”  have the chance to become TouchChinese teachers. When asked about whether it&#8217;s hard to acquire a large number of teachers with such a strict requirement, TouchChina said that actually the market is oversupplied with professional Mandarin teachers. TouchChina teachers are from across China with most working on a part-time basis.</p>
<p>TouchChinese started as a part-time project in 2009 and the team went on full-time in 2011. In 2012, the team moved into Media Dream Works, the incubator ran by Zhejiang Daily Media shortly after it had been established in Hangzhou where TouchChinese is based.</p>
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		<title>Local Portal Platform 19Lou Announced RMB60 million Series A Funding</title>
		<link>http://technode.com/2013/05/15/local-portal-platform-19lou-announced-rmb-60-million-series-a-funding/</link>
		<comments>http://technode.com/2013/05/15/local-portal-platform-19lou-announced-rmb-60-million-series-a-funding/#comments</comments>
		<pubDate>Wed, 15 May 2013 05:06:38 +0000</pubDate>
		<dc:creator>Tracey Xiang</dc:creator>
				<category><![CDATA[Investment]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10511</guid>
		<description><![CDATA[19Lou.com, a platform running local portal sites for Chinese cities, announced RMB60 million (US$9.7 million) in series A funding from two Hangzhou-based early-stage venture capital funds under NewMargin Ventures&#160;(announcement in Chinese).&#160;An angel round was &#160;raised in 2008. Founded in 2006 by several local newspaper reporters in Hangzhou and only serving&#160;Hangzhou citizens then, 19Lou now covers [...]
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</ol> <a href="http://technode.com/2013/05/15/local-portal-platform-19lou-announced-rmb-60-million-series-a-funding/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p><img class="alignright size-full wp-image-10512" alt="19lou" src="http://technode.com/wp-content/uploads/2013/05/@LT94IBFG5CQJ9J47U.jpg" width="126" height="125" />19Lou.com, a platform running local portal sites for Chinese cities, announced RMB60 million (US$9.7 million) in series A funding from two Hangzhou-based early-stage venture capital funds under NewMargin Ventures (announcement in Chinese). An angel round was  raised in 2008.</p>
<p>Founded in 2006 by several local newspaper reporters in Hangzhou and only serving Hangzhou citizens then, 19Lou now covers twenty cities in Zhejiang province and a dozen outside it, including first-tier cities such as Shanghai, Chongqing and Wuhan. A total of more than 30 million users are on all those sites.</p>
<p>Local portals sites are everywhere. Some cities have more than one sites dedicated to them. But 19Lou stands out as one of the most popular and has become a brand speaking for itself. It has created some innovative services and a well-functioning business model.</p>
<p>Huatan is a sub-channel crowdsourcing local news. Citizens are allowed to submit news entries and they can subscribe to topics with entries contributed by others. Another sub-channel Haodian, or stores worth visiting, is a platform for local businesses set up their online presence and for citizens to share pictures and comments about those stores and services.</p>
<p>19Lou charges local businesses for setting up a mini-site there and other forms of campaigns. Its revenue sources also include online advertising and offline activities such as small trade shows. It doesn&#8217;t charge users for any services provided.</p>
<p>The new funding will be used for improving online-to-offline services, said Lin Yu, founder and CEO of 19Lou.</p>
<p>]]></content:encoded>
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		<title>Local Portal Platform 19Lou Announced RMB60 million Series A Funding</title>
		<link>http://technode.com/2013/05/15/local-portal-platform-19lou-announced-rmb-60-million-series-a-funding/</link>
		<comments>http://technode.com/2013/05/15/local-portal-platform-19lou-announced-rmb-60-million-series-a-funding/#comments</comments>
		<pubDate>Wed, 15 May 2013 05:06:38 +0000</pubDate>
		<dc:creator>Tracey Xiang</dc:creator>
				<category><![CDATA[Investment]]></category>

		<guid isPermaLink="false">http://technode.com/?p=10511</guid>
		<description><![CDATA[19Lou.com, a platform running more than thirty local portal sites, announced RMB60 million (US$9.7 million) in series A funding from two Hangzhou-based early-stage venture capital funds under NewMargin Ventures&#160;(announcement in Chinese).&#160;It received angel investment in 2008. Founded in 2006 by several local newspaper reporters in Hangzhou and only serving&#160;Hangzhou citizens then, 19Lou now covers twenty [...]
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<li><a href="http://technode.com/2012/04/24/local-life-service-platform-ddmap-raising-new-round-led-by-fh/" rel="bookmark" title="Local Life Service Platform DDMap Raising New Round Led by F&#38;H">Local Life Service Platform DDMap Raising New Round Led by F&#38;H</a></li>
<li><a href="http://technode.com/2011/08/30/innovation-works%E2%80%99-start-up-doodle-mobile-raises-us10-million-in-series-a-funding/" rel="bookmark" title="&#60;!--:en--&#62;Innovation Works&#8217; Start-up, Doodle Mobile Raises US$10 million in Series A Funding&#60;!--:--&#62;"><!--:en-->Innovation Works&#8217; Start-up, Doodle Mobile Raises US$10 million in Series A Funding<!--:--></a></li>
</ol> <a href="http://technode.com/2013/05/15/local-portal-platform-19lou-announced-rmb-60-million-series-a-funding/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<p><img class="alignright size-full wp-image-10512" alt="19lou" src="http://gcbc.union.rpi.edu/wp-content/uploads/2013/05/local-portal-platform-19lou-announced-rmb60-million-series-a-funding.jpg" width="126" height="125" />19Lou.com, a platform running more than thirty local portal sites, announced RMB60 million (US$9.7 million) in series A funding from two Hangzhou-based early-stage venture capital funds under NewMargin Ventures (announcement in Chinese). It received angel investment in 2008.</p>
<p>Founded in 2006 by several local newspaper reporters in Hangzhou and only serving Hangzhou citizens then, 19Lou now covers twenty cities in Zhejiang province and a dozen outside it, including first-tier cities such as Shanghai, Chongqing and Wuhan. A total of more than 30 million users are on all those sites.</p>
<p>Local portals sites are everywhere. Some cities have more than one sites dedicated to them. But 19Lou stands out as one of the most popular and has become a brand speaking for itself. It has created some innovative services and a well-functioning business model.</p>
<p>Huatan is a sub-channel crowdsourcing local news. Citizens are allowed to submit news entries and they can subscribe to topics with entries contributed by others. Another sub-channel Haodian, or stores worth visiting, is a platform for local businesses set up their online presence and for citizens to share pictures and comments about those stores and services.</p>
<p>19Lou charges local businesses for setting up a mini-site there and other forms of campaigns. Its revenue sources also include online advertising and offline activities such as small trade shows. It doesn&#8217;t charge users for any services provided.</p>
<p>The new funding will be used for improving online-to-offline services, said Lin Yu, founder and CEO of 19Lou.</p>
<p>]]></content:encoded>
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