China On Track to Phase Out Paper Money China was the first country to introduce paper money in 740 B.C. and now it is believed that China may be the first country to phase it out completely. According to the article on Motherboard (NSFW), "Pretty much every shop, restaurant and bar accepts WeChat and/or Alipay these [...]
Apple Faces Falling Sales in China The world's most valuable tech company had an average fiscal quarter with declining iPhone sales and slowing demand, despite becoming the first US company to reach a market cap of $800 billion this week. Apple is facing fierce competition in China from OPPO, Vivo, Huawei, Xiaomi - domestic brands that [...]
Overwatch Passes 30 Million Players Blizzard Entertainment announced this week that Overwatch, its team-based shooter, has passed 30 million players since its launch a year ago. They recently announced hitting the 25 million mark in January. There is no clear delineation on what percentage of these players are on PC or Xbox One or PlayStation 4. [...]
Tencent Bringing Rocket League to China Tencent has announced that they are bringing Psyonix's Rocket League to China. We have anticipated that it would be a great game for China's console market due to its emphasis on fun and racing, rather than any bloody violence. The console version also has built-in filters where players can choose [...]
Alibaba's Sports Business Raises Over $1 Billion RMB in Series A Funding Alibaba Sports has confirmed that they have raised RMB 1.2 billion (approximately $17 million USD) at a valuation of RMB 7 billion ($100 million USD). The funding round is being led by Yunfeng Capital and will also include Taiping Guofa Dingsheng Capital and Qianheng [...]
