Saturday, May 14, 2011

Alipay Shifted to Jack Ma’s Private Company To Speed Up Getting Government License


According to a SEC filing, Alipay, the payment business of Alibaba Group was restructured so that it is now controlled by a separate company, owned mostly by Alibaba Group Chief Executive Officer Jack Ma.  Yahoo said the shift was necessary to expedite getting a license for Alipay.

Last year, Chinese government started to formally regulate its online payment industry.  Last December, the Chinese central bank, People’s Bank of China, announced the details for third party payment licences.  And following the announcement, the first batches of online payment companies started to apply for the licences.  They included Alibaba’s Alipay, Tencent’s Tenpay and government back China Unionpay, etc.

To get a license from the People’s Bank of China to operate its payment business, Alipay was restructured as a Chinese domestic company to speed up the process.  And the company is mostly owned by Alibaba Group Chief Executive Officer Jack Ma.

The news cause Yahoo to dropped 7.3% yesterday, as Yahoo owned about 40% of Alibaba Group.  The shift of Alipay to Jack Ma’s private company sound like a dilution of value for Yahoo’s investors.

However, many Chinese internet companies are structured as domestic companies to get the necessary licenses. But, their profits are transfered to off-shore vehicles for listing in overseas market.  If you look carefully into company structure of Sina, Sohu, etc, you would find there is a local company doing all the work and controlled by its founder or CEO.  But its profit is transferred to an offshore vehicle, which is listed in the U.S.

In my view, if Jack Ma’s private company will be transferring all its profit back to Alibaba Group, and therefore to Yahoo, there is nothing for investors to worry about.  But, if this is not the case, I think investors should consider firing the management of Yahoo, as they allow a valuable asset to shift out of the company right before their eyes.

And accroding to Shao Yibo, former founder of EachNet(acquired by Ebay for US$ 150 million in 2003 ), such move could
be a compromise among Yahoo, Softbank and Alibaba for getting Alipay a license. All three parts involved would make
further arrangements to make sure no one’s cake gets ravend.

SoftBank, the second biggest stakeholder of Alibaba, said that the three parts are still negotiating.

A Credit Suisse report remarks that, the Alipay restructure is a particular event, which will not reflect badly on Tencent or Tenpay, a Tencent online payment solution similar to Alipay. Credit Suisse believes that it’s the most conservative way to transform Alipay to a completely domestic company.

Related posts:

  1. Alibaba's Plan for Yahoo's Share
  2. Chinese Central Bank Announce Details for Third Party Payment Licence
  3. Rumor, Jack Ma Wants to Buy Ctrip


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Did You Know About Amazon’s Hidden Empire [Interesting Facts]

Although, all the latest buzz on the web is mostly around Google, Facebook, Groupon and the new age apps that have gained quick popularity but one of the oldest players of the web, Amazon is a giant that not many would have noticed. Amazon’s businesses are spread across retailing, devices, content, analytics, hosting and many more. Here’s an interesting slide deck on Amazon’s Hidden Empire.


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Cloud Girl – Microsoft Windows Azure Manga Promotion

Microsoft Japan is teasing its online comic series “Cloud Girl”, which promotes Windows Azure cloud service.

The first episode of this “Cloud Girl” with subtitle “Mado to Kumo to Aoi-sora”(windows, clouds and azure sky) is said to be released late this May 2011, on a prologue.

The heroine, Claudia Madobe (@Claudia_Azure “madobe” means window-side in Japanese) was born on November 20, 1985, the date when Windows 1.0 was released, having a Japanese father and French-American mother.

Claudia, who is visiting Japan and her cousin Nanami Madobe(@windows7_nanami), will solve several problems at a computer parts shop in Akihabara, where Nanami works for.

A sub-character Nanami Madobe has been serving as a Windows 7 promotion character since 2009, but she was not an “official” Microsoft character before.

Microsoft Taiwan’s Silverlight promotion with a girl character Hikaru Aizawa made Japanese jaw dropped last autumn, as it was so Japanese-ish than Japanese.

This time Microsoft Japan (recently renamed from Microsoft K.K.) presses the manga-girl promotion for Japanese enterprise decision makers in orthodox Japanese way.


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Code Boxing With Kinect And Tython, Muscle Programming Language

A Japanese blogger id:gongoZ [J] released “Muscle Programming Language/Framework: Tython” on May 14.

This Tython, released as an open source project, with Kinect enables you to program by body movements.

In short, you can program by boxing in front of Kinect. See a video demo here,

id:gongoZ could code to put out “Hello, World” only within 4 minutes. The source “code” of this “Hello, World” is,

left jab;left jab;left jab;left jab;right straight;right straight;right straight;
right straight;left jab;right uppercuts;left jab;left jab;left jab;left jab;
left jab;right straight;right straight;left jab;right straight;right straight;right uppercuts;
left jab;left jab;left jab;left jab;left jab;right straight;left jab;
left jab;right straight;right straight;right uppercuts;left jab;left jab;left jab;
left jab;left jab;left jab;right straight;right straight;left jab;right straight;
right uppercuts;left jab;left jab;left jab;left jab;left jab;right straight;
left jab;left jab;left jab;left jab;right uppercuts;left jab;left jab;
left jab;left jab;right straight;left jab;right straight;left jab;left jab;
left jab;right uppercuts;left jab;left jab;left jab;left jab;right straight;
right straight;right straight;right straight;right straight;right uppercuts;left jab;left jab;
left jab;left jab;right straight;left jab;left jab;right straight;right straight;
right uppercuts;left jab;left jab;left jab;left jab;left jab;right straight;
left jab;left jab;left jab;left jab;right uppercuts;left jab;left jab;
left jab;left jab;left jab;right straight;left jab;left jab;right straight;
right straight;right uppercuts;left jab;left jab;left jab;left jab;left jab;
right straight;left jab;left jab;right straight;right straight;right uppercuts;left jab;
left jab;left jab;left jab;left jab;right straight;right straight;left jab;
right straight;left jab;right uppercuts;left jab;left jab;left jab;left jab;
right straight;right straight;left jab;right straight;right straight;right straight;right uppercuts;
right straight;left hook; left jab;left jab;right straight;left hook;left jab;
left jab;right straight;left hook; left jab;left jab;right straight;left hook;
left jab;left jab;right straight;left hook;left jab;left jab;right straight;
left hook; left jab;left jab;right straight;left hook; left jab;left jab;
right straight;left hook; left jab;left jab;right straight;left hook; left jab;
left jab;right straight;left hook; left jab;left jab;right straight;left hook;
left jab;left jab;right straight;left hook; left jab;left jab;right straight;
left hook; left jab;left jab;

As the method does not support backspace input, he said it took 90 minutes to make this success version.

Here is the diagram to show how Tython detects your movement, converts to programs, compiles then executes.

How he managed to assign different blows to different input is explained copiously with diagrams and code.

With this Tython, programming is to have much more healthy aspects.

See Also:

Kinect Dragonball – Blast Your Kamehameha!

Kinect Driven “Ghost in the Shell” Cyberspace


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PowerPlug Contest Upgrades to iPad2 [Announcing the Theme For May Month]

After completing two super awesome PowerPlug contests, we have decided to bring the concept of themes. That is, startups who fall under the monthly theme can only be considered eligible for the monthly contest.

This week’s theme is “Consumer Internet” – that is, companies that are building consumer services over Internet are eligible for the contest.

What is PowerPlug Contest?

India’s first ever contest where we recognize early stage technology startups on a regular basis (the contest is supported by Sequoia Capital India). As an applicant, you would be up against the best startups in the country – and the people running them. You would have to come out all guns blazing to win this – and we are sure you would. The PowerPlug is a story you want to tell about yourself to the

Powerplug: April Winner [ET]

world and you should make sure the story is compelling to win you the coveted prize.

Tangible Goodies Associated with PowerPlug Contest?

As a startup, you get a lot of credibility/bragging rights + media coverage and an iPad2 (32GB/WiFi) as well (thanks to our partner Sequoia Capital India). And this is apart from all the VC calls and customer interest.

Yeah, we have upgraded the contest to give you a brand new iPad2.

Last Date to Apply : May 22nd, 2011.

How Do I Apply? : Use this link to apply for PowerPlug Contest: [May Month]. The form is also embedded towards end of this post.powerplug_march

Quick Update From PowerPlug Winners

The winner, Onze Technologies was profiled in media/newspaper (ET) and March month winner, VisualWebsiteOptimizer was profiled in ET + ToI as well*.

We strive to bring a lot of visibility to PowerPlug finalists (media channels have already approached most of the finalists) and importantly, open up investment + customer channels for them.

PowerPlug Contest Rules

  • The contest is applicable for Indian Entrepreneurs.
  • An entrepreneur can apply for this contest only once in a quarter. Your entry is valid for 3 months.
  • The startup should be at least 6 months old and revenue making. If not revenue making, the startup should have pivoted the business model/product at least once.
  • The contest is open to Indian entrepreneurs across different industries/verticals (except for monthly themes).
  • In general, preference will be given to product startups as we believe that IP creation is the biggest value and core differentiator.
  • Final decision lies with Pluggd.in Team.
  • The contest format will be revisited every quarter (and will be modified based on response from the entrepreneurial community).
  • The decision to fund (or not) rests squarely with Sequoia Capital and this contest serves no guarantee what so ever.

» Follow PowerPlug Contest on Twitter and PowerPlug’s Facebook Page for further updates.

* – If you are a media company, we’d sincerely appreciate if you could just give PowerPlug Contest a mention when you profile the winners/finalists. There is no harm, unless you think so.

Apply To Be A PowerPlug [May 2011]

The application form for PowerPlug Contest. Last date to apply is May 22nd.
  • Your Name*
  • Company Website*
  • Email*
    Your Email Address. Ensure that you check this email id frequently.
  • Company Founding Date*
  • Product Name*
  • Industry Category
  • Revenues Status?*
    • Pre Revenue?
    • Post Revenue
  • Product Description*
    Tell us why do you think this is a great product.
  • What (and Whose) Problem Are you Solving?*
    Be precise about the problem statement you are solving Do mention the target segment as well as your business USP.
  • Core Technology
    Share what's the core technology used by the company (LAMP/MS Stack?)
  • Working Prototype/Video/Demo Link
    Share link to working prorotype or demo of your product.
  • The Team*
    Please share details of the founding team/key team members.
]


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A Look At Unique Characteristics Of Group Buying Sites [Why Is It Different?]

What makes Group Buying Business a unique business? Deals or discount coupons have been in existence for quite some time but the concept got phenomenal success when companies like Groupon married social with deals.

The combination of social and deals is relatively new and has many unique qualities.  Here are few of them.
 
1) Sales driven business
Most consumer internet business tends to be product driven. Primary driver for traffic and consumer adoption for most internet business is the product. Marketing and Sales takes a secondary role. But group buying business is not a product driven business. The product itself is very simple that just provides a listing of deals and has few viral elements built into it. The main business driver is sales. Groupon has been successful because of sales ability to source great deals with local businesses and build excellent relationships.

2) Low switching cost
I often use example of Facebook and Google to explain switching cost. Switching cost of Facebook is very high. It is very difficult for someone to create a similar social network and compete with Facebook. Even if someone creates a much better product than Facebook, it will be very hard to make people switch to it because all their friends and contacts would be on Facebook and it would take a long time to make them all switch to new product. A social networking product without having friends using it is useless. Therefore, switching cost of Facebook is very high. On the other hand, switching cost of Google is low. If someone comes up with a better search algorithm than Google then I won’t think twice before switching to new search site. Same is the case with group buying businesses. Switching cost is low because I don’t care which group buying site I use as long as I get a good deal.

3) Low entry barrier
I believe group buying space will be highly competitive with low margins for all players. The reason I say that is because barrier to entry is very low. Technology behind business is simple and easy to reproduce. Business is local in nature, as you have to create sales relationship in each geography that you want to operate in. Even if you create great sales relationship in an area, it cannot be replicated in other areas. You have to work from scratch to create new relationships in different geographies as you expand business. Therefore, barrier to entry is low and it is easy for new players to get in the business by focusing on specific geographies.

4) Good for businesses where customer acquisition cost is high
Group buying sites are very good for businesses where cost of acquiring a customer is very high. It provides an alternate channel to reach out to a large customer base and make them an attractive offer.

5) Good for perishable inventory business
A business has perishable inventory if the produce has to be used within certain timeline. Think about hotels or a spa. If there is an empty room in a hotel or a free slot in spa, it’s a wasted resource. It can’t be used at any other times. Variable cost of serving an additional customer is very low in such situations and the revenue generated by serving the additional customer almost directly contributes into profit margin. Group buying business is excellent for such business because they can manage the yield by putting an attractive offers to fill-up slots during dry periods.

It is yet to be seen how group buying landscape evolves but these unique qualities of the business makes it a very interesting space to observe over next few years. What are your thoughts?

[Guest article written by Rajat Garg/Reproduced from his blog]


Recommended Read: Business Model 101: What’s the deal with the Group Buying sites in India?


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Startup Roots Kicks Off Speaker Series With Joi In Singapore

Startup Roots is a 10 week programme that matches top students with top startups. First started in Silicon Valley, it hit Singapore in 2011. A signature of Startup Roots is a great speaker series, which we organize for our student Fellows and open to the public. Come this 23rd of May, Startup Roots Singapore officially kicks off their speaker series with Neoteny Labs, Joichi “Joi” Ito.

“For Startup Roots, a startup is a small technology company comprised of the smartest minds on the planet. The goal of any good startup is to transform lives using technology. This can manifest in many ways, but primarily this means through innovative hardware, web platforms or mobile applications.

Startup Roots will provide a select group of high-potential startups with an intern for the summer. Interns will be pre-screened by the Startups Roots staff and subsequently by the startup themselves. Startups will receive hand-picked, elite interns from top-flight universities and get the opportunity to introduce them to their company.”

Read an interview with Startup Roots Singapore founder, Derrick Ko on e27, and according to Neoteny’s James, startups in the programme are: buuuk (interview), Smartloans (more), 2359media (more), PlayMoolah, Docubuzz, Artyii, NoiseStreet, Zopim (more), Anideo, ViKi (more), Chalkboard (more), Chumby Industries, WikInvest, Insync, Foound, Brandtology (more) and Pivotal Labs (interview).

Upon the first successful placement, Startup Roots is only asking for a one-time donation of SGD 250 (USD 200).


Event Details

When: Monday 23rd May 2011
Time: 7pm-10pm
Where: hackerspace.sg, 70A Bussorah Street, Singapore

Register here.


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St Games – Making Video Games A Social Activity For All

While some may find it strange to see grandpas and grandmas waving Wii joysticks around with exuberated excitement in the middle of a crowded shopping mall, this is no surprise at St Games, a video games care located at the Cathay.

St Games founders Lee Ming Wei, Gan Chia Huey Gary and Lee Teck Hou believe that video gaming is a fun and wholesome experience that can be enjoyed by people from all walks of life. Since St. Games was first set up in February 2009 at Novena Square 2, it has built a loyal base of gamers who come to hang out with friends, relax and unwind after a hard day’s work or to spend time with their grandchildren. The business got popular with so many that the team decided to shift to larger premises at The Cathay in January 2011, which saw tremendous reception from both old and new customers alike.

From ideation to execution

The trio met while they were serving their military service ten years ago. Coincidentally, all of them landed at the Nanyang Technological University and kept in touch by meeting regularly on campus. During which, they realized that their ambitions to start a business were similar and began participating in business plan competitions together. The result was to put their ideas into action upon graduation.

The concept for St. Games was shaped through some trial and error. “Our initial idea that didn’t work out was an online video games rental website, where subscribers would pay a monthly fee to rent video games,” recalls Gary. Fortunately, they were also successfully managing events by using video games and providing video game entertainment for company functions, such as family days and Dinner and Dance.

As they amassed more gaming equipment, it soon became clear that it would be a waste to not fully utilize them. So they started a video games café to generate additional revenue and keep things going. Gary explains, “We came up with the idea of a video games café when inspired by board games cafes. We figured that since we loved playing social video games such as Guitar Hero, Nintendo Wii and soccer games with our friends, why not adopt a similar approach and start a video games café so that more people could enjoy playing these games together?”

And that marked the birth of St. Games.

An inclusive space of all to have fun and play games

Stepping into the space is every gamer’s dream come true. The spanking new outlet at the Cathay boasts a wide range of gaming equipment, the latest and most popular games and content. Much thought has been placed into making the space as conducive as possible for long hours of joystick waving, body swinging and butt kicking good times.

Making full use of the given floor space to ensure that it is suitable for social gaming is a crucial aspect that the founders looked into. “We carefully calculated the exact space needed for enjoying certain games. For example, the precise space needed for a whole band with guitars, drums and singers and giving adequate space needed to comfortably play Kinect games. This ensures that customers get to fully enjoy their gaming experience, in their own rooms, without having to move too much furniture around or squeeze too much,“ Gary explains.

Long, comfortable sofas with soft cushions span across the areas in front of the gaming consoles. With an emphasis to make the space cosy, inviting and fun with larger open spaces, St. Games is a home away from home for customers who want to relax and unwind while enjoying a game with friends and family.

The space has evolved to become a melting pot of people who come in all shapes and sizes to have a good time. While most of their customers are tertiary students, St Games sees a lot of young working professionals who enjoy the same kinds of games and the occasional grandpa and grandma playing Wii and shooting games with their grandchildren. Gary jokingly tells us that the place even transforms into a part-time childcare center at times, when parents deposit their young children here so that they can go shopping.

On top of their steady stream of customers, companies also regularly engage St. Games to hold team-bonding events. Company staffs enjoy a specially tailored competition with additional game-masters. These events are easily the most entertaining to witness, as it is not often that employees gets to see their senior management mimicking the most demanding of actions while playing Kinect games. Typical moves include sprinting on the spot, throwing javelins, or even grooving on Dance Central to the latest RnB hits.

The competitive element adds to the excitement and thrill of social gaming. Although everyone is fighting to be the winner, the St. Games team also encourages groups to cheer each other on during the course of the competition.

Challenges in running the space

The biggest challenge so far has definitely been funding the space. As a retail business, 3 months of down payment is normally required to secure a physical location. A lot of money is tied up in the landlord’s care and it became the limiting factor in their development. However, the team patiently started small and progressed steadily till they had the resources to expand. “Looking back, it was definitely helpful as we gained a lot of experience in operations and marketing for St. Games,” says Gary.

The difficult part also lies in managing the huge amounts of gaming equipment needed to ensure a merry good time for all. A lot of effort goes into maintaining the equipment and wear and tear is a major concern. Issues such as scratched discs, broken consoles and controllers, faulty equipment are a daily problem, but the team makes sure that problems like these are promptly looked after by being prepared and keeping extra sets around and providing backups when required.

Keeping the games and downloaded content constantly updated is a struggle as well, as it takes hours to download and the sheer volume of new games to go through is a hassle. Fortunately, the company has a policy of introducing new downloaded content and renewing games on a bi-weekly basis, so that there are always new songs to sing on Rock Band or new games to play on Kinect.

Manpower training is an important aspect that St. Games looks after too. “We try to ensure staff who are friendly, courteous, possess good knowledge of the games, and most importantly go the extra mile to ensure that customers get the best experience here. So far we have had letters of commendation sent to our email by customers for the excellent service provided, so I think we are doing a decent job on that. However, the standards are difficult to maintain especially during peak hours, so that is a challenge as well,” he elaborates.

Where work and play come together

The most enjoyable parts of running the business are getting to play the games after opening hours and meeting new customers. Gary reveals, “Many of our current staff are past customers at St. Games @ Square 2, who got to know us while they were customers. They became interested in joining us as St Games staff, so we do get to know quite a lot of interesting people in the process. Sometimes we get to join in the game with our customers as well. For example, for games such as Rock Band, or a two versus two on FIFA soccer, we sometimes help to fill in the last slot. It’s always enjoyable to have fun while working and at the same time ensure that customers stay happy too!”

Plans for the future

Gary tells us that St. Games will continue to expand into other locations and will evolve their product offering as well to provide customers more entertainment options. Their hope is for customers to be able to treat St. Games as their personal living room, equipped with all sorts of entertainment options but yet none of the hassle of maintaining or buying the equipment.

A word to aspiring entrepreneurs

“The main advice we have is to just take the plunge. You will never know till you go ahead and try, as they say in soccer, no shot no goal!”
However, Gary cautions that while it is important to never give up, it takes more guts to admit failure and move on when a venture is unsuccessful. What is most crucial is to have determination in keeping your dream in your mind and keep trying out new ideas and new ventures.

If you’re looking to find something interesting to do with your friends, you can head down to St. Games at The Cathay for a guaranteed good time of fun and games.

St. Games can also be found on Twitter and Facebook.

Looking to build a home away from home, where you can combine your passion with your business the way the folks at St.Games has created a space for their own gaming needs as well as one where they can share that passion with others? The Ultimate Start-Up Space offers you that chance; winners of the competition gets a 1400sq ft space rent-free for one year, $20,000 start up capital and an Executive Education Program from INSEAD – total prizes worth more than $170,000. Follow articles related to the competition here.

Contact Information for St Games

St. Games @ The Cathay
2 Handy Road
#04-18
Singapore 229233

Operating Hours:
12pm to 10pm
(Sunday to Thurs)

12pm to 2am
(Fri, Sat, Public Holidays and Eve of Public Holidays)
Contact Information:
Tel: (+65) 6397 2285
Email: enquiries@StGamesCafe.com


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Research New Markets Using Google Global Market Finder

If you have ever advertised for your company, you should take note – especially if you use Google’s advertising tool, AdWords. As part of a package aimed at helping companies reach overseas customers, Google’s Global Advertiser is a step-by-step guide to help companies research new markets and after, localize their websites and ads (using Google AdWords) into a target country’s language. The first step in this package is the Google Global Market Finder – a tool to help companies assess business opportunities around the world extrapolating from Google Search data, Google AdWords keyword bid and competition using Google Translate’s keyword translation technology; it allows you to view search volumes and Google AdWords costs for your keywords in any market worldwide.

From the press release:

“Global Market Finder helps businesses answer the question: who are my potential customers overseas? Businesses enter keywords that describe their product or service and select the region they’d like to explore. The Global Market Finder automatically translates those keywords into any one of 56 languages used in the selected region. It then ranks each location by opportunity based on factors like local search volume, suggested bid price, and competition for each translated keyword.”

Screenshot of Google Global Market Finder search results:

Click for enlarged version.

How “opportunity” is determined in the Google Global Market Finder is based on an “Opportunity Score”. From the FAQ:

How does Global Market Finder determine Opportunity Score?

Opportunity Score is a dynamic metric based on local monthly search volume, suggested bid, and competition between different locations in your target market. If two locations have the same search volume, then the location with the lower suggested bid receives a higher Opportunity Score. Similarly, if two locations have the same suggested bid, then the location with the higher search volume gets a higher Opportunity Score.

Aliza Knox, Google’s Managing Director of Online Sales in Asia-Pacific says, “There are 1.9 billion consumers online worldwide and tens of millions of businesses looking for products and services on the web and the Global Market Finder and Google Ads for Global Advertisers help advertisers, including the 154,000 SMEs in Singapore and 600,000 SMEs in Malaysia, convert these consumers and businesses into customers and grow their business globally.”


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Silicon Dragon: Renren & Kaixin001 CEOs to Face Off


If it’s the entrepreneur who really matters more than the money or the model behind a startup’s success or failure, then the match between the two founders of competing Facebook sites in China ‒ Renren and Kaixin001 ‒ is going to be an interesting one to watch on Wall Street. Kaixin001 is expected to list in the U.S. soon, following the lead last week of Renren.

Quiet and unassuming where Renren CEO and founder Joe Chen can be dynamic and colorful, the bio of Cheng Binghao is a study in contrasts with that of his key rival. Cheng is a homegrown, first-time Chinese entrepreneur and geeky website developer while Chen, now a billionaire from the IPO, is a savvy returnee and startup master.

How each fare could point to the future of China tech startups on Wall Street. The model of CEO returnee has proven to be successful one, with western-educated and trained Robin Li of Chinese search engine Baidu as its best representative. Now Cheng, as his Kaixin001 is poised to go public, is at the start of a new and different parade of entrepreneurs who take their cues from Chinese culture and upbringing rather than from the West.

The contrasting resources in building these two competing Chinese Facebook sites showcases a shift from the first wave of China’s returnee entrepreneurs to today’s more localized homegrown generation.

Keep reading post at Forbes, click
http://blogs.forbes.com/rebeccafannin/2011/05/11/front-row-seat-as-founders-of-renren-and-kaixin001-face-off/

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US Startup – Minus Makes File Sharing Simple

With cloud computing increasingly becoming more common, so is file sharing.

As the name suggests, Minus aims to strip away all the unnecessary things away from file sharing to make it an extremely simple and quick experience that people just get straight away.

I interviewed the young co-founder of Minus, John Xie to get insight into the story and idea behind the start-up.

John’s Background

The Shanghai-born entrepreneur, now based in Boston, is only 21 years old and is currently waiting for graduation for his degree in Entrepreneurship from Babson College.

John says “he has been an entrepreneur for all his entire teenage life”. Just last year, he was named as a Finalist of Business Week’s ‘America’s Best Young Entrepreneurs – Top 25 Under 25’, for founding Cirtex, a web hosting business at just 13 years old.  Cirtex now has more than 10,000 customers and employees 25 people and has about US$2 million in revenue this year.

Adding Min.us

In between skipping classes and managing Cirtex, John has managed to create another cool start-up called Minus, a cloud based file sharing service. It started when John met his business partner, Carl Hu at an entrepreneur meet-up in September 2010. Carl was a Director of Technology at Progress and formerly worked at Microsoft.The pair hit it off and knew they wanted to work together. After bouncing ideas, they set out on the path of creating ‘the simplest possible sharing service’. The first prototype of just photo-sharing was launched in October in 2010.

After being discovered by a small community on Reddit, Hacker News and TechCrunch, Minus quickly created buzz and it “took of sooner than expected.” People then started asking how to get involved or invest.

Until only a few months ago, Minus was bootstrapped but after feeling the pressure they took a private angel investment of US$200k

Minus is a simple, social way of sharing stuff

Minus makes sharing pictures, documents, music, videos and files simple, instant, and free. Minus lets you drag files from your desktop and folders directly to your browser to start sharing or via our desktop and mobile apps. The web version is live as well as the Android mobile app and Android Honeycomb tablet app with the iOS and Windows Phone 7 version in the works. The aim was to create the best experience and workflow that allows users to start using it within minutes. It is built on Amazon’s cloud servers and works extremely quickly.

Unlike Dropbox, which is file syncing service that allows you to save a file on the cloud and access it anywhere online, Minus is more lightweight in the sense it doesn’t back up files or allow file uploads more than 50Mb. With Minus, you don’t have to install any software of even sign-up and it’s more social. You can follow what other people are sharing or keep your sharing private.

How it works

It’s surprisingly simple! When I looked at it, I was expecting to see more steps or things to fill in.

To use it, you simply drag and drop a file from your computer and it turns it into different types of URL short-links. One type is for viewing the file and the second one allows you to edit the file. You can also download files as a zip file.

The closest thing to Minus was a service called Drop.io, which was later acquired by Facebook then shut down.

Who’s using it?

Officially launched in November 2010, Minus has over 300,000 active users and served over a billion page views and over a million uploads. John says “People come back because it’s so easy to share.”

Currently, early tech adopters are using it but it includes teachers, professors, students and musicians sharing all types of files to make their life easier. John says the “goal is to make it so anyone can use Minus, even people who have never shared”. To keep iterating, John believes it is important to be humble and listen to user feedback.

One user said “Excellent design! Minimalistic, Simple, Easy to use and attractive. Congratulations … I hope they continue making improvements and not spoil it!”

A global vision

Although the business model is not yet clear and they are not charging users, Minus wants to “revolutionize how people share across platform”.

Since John is ethnically Chinese and hears of the buzz around Chinese start-ups, he eventually wants to capture more Chinese users and target the growing market.

By focusing on simple and quick, Minus definitely offers everyone a way to share.

 

 

 

Related posts:

  1. Hong Kong Start-up, PandaForm Makes Online Forms Easy
  2. Travel In China Web (1)- Web2.0 is For Content Sharing, Not Service Sharing
  3. Shanda e-book unit file for IPO in the U.S.


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Japanese Virtual Diva Hatsune Miku First US Tour In July

[Update] Although first on hologram system, Hatsune Miku already had a regular screen concert in San Francisco. (hat tip to @miyagawa)

Hatsune Miku live in L.A.

Japanese virtual singing instrument application Vocaloid character Hatsune Miku will hold a concert at “ANIME EXPO 2011” in Los Angeles on July 2. This is the first time that she holds concert oversea.

Recently, Toyota USA featured Hatsune Miku for its Corolla promotion.

Therefore ANIME EXPO and TOYOYA jointly hold the concert of Hatsune Miku.  Sega produces 3DCG and Crypton Future Media takes charge of the entire supervision.

She already held three concerts in Japan (The first live was in 2009).  Huge transparent screen of 2m×6m was fixed in the stage and her 3DCG was reflected over it. All other members of her band are real human.

Her latest stage in the last year,

The concert in Los Angeles will be held with the improved version of this concert.

Hatsune Miku topped Japanese music chart the first time as non-human in 2010.

See also:

Hatsune Miku Live in Los Angeles

Asiajin articles on Hatsune Miku

http://en.wikipedia.org/wiki/Hatsune_Miku

(C)SEGA
(C)Crypton Future Media, Inc.


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SF New Tech Calls For Entries To Present At Japan Night

Brandon Hill, the CEO/founder of San Francisco-based web consultancy btrax, gave us an invitation to potential presenters and attendees at a must-join tech start-up demo event that will take place next month.

As of this writing, four start-ups of KayacChatworkJ-Grab, and Conyac have passed the first screening.   Entries to present are acceptable until May 20.

Here’s some of what we have covered the previous event. (including Ustream video)

Who’s Brandon Hill:

Born in Hokkaido, Japan.  He has a Japanese mother and a American father.  Prior to founding web consultancy btrax in San Francisco in 2004, he was attending San Francisco State University where he started his carrier as a designer and programmer.

SF New Tech:

It is literally a tech start-up’s demo and presentation event that takes place monthly at a nightclub in San Francisco.   The event celebrated its 5th anniversary last month.   Some events in a year feature start-ups from outside the US., which are titled like Belgian Night and Japan Night.   btrax is deeply involved with organizing Japan Night.


In light of the Japan’s worst disaster, web tech startups are giving the nation of Japan some hope for normalcy and economic recovery with their efforts to go global. In fact, the entry point for web tech globalization seems to be San Francisco.  In a local SF article, San Francisco was named as the second-fastest growing city in high-tech employment, with 65 percent growth over a five-year period.  The whole region which includes San Jose, Oakland and San Francisco supports over $48 Billion in payroll.

Last year we wrote about a first of a kind tech event featuring Japanese start-up web tech companies called SF Japan Night. This year, the organizer, btrax, Inc. a multicultural Web agency, is going to hold the event again this year.

Last year’s SF Japan Night event was the capstone of a week of Japanese tech events and was a huge success. Over 500 people attended the week long event with over 300 people just showing up for SF Japan Night alone. One of the presenters, myGengo received seed funding after the event from the Dave McClure’s incubator program 500 Startups.


This year’s event hopes to be even better with many start-up companies from Japan showing great interest including a company including Kayac. Kayac Inc. is a Japanese digital agency with a strength on developing games and apps and plans to go public within the next year.

In partnership with SF New Tech, btrax hopes to continue the theme of helping Japanese web start-ups go global. Brandon K. Hill, president/CEO of btrax, said “We are again excited to help organize this event and with the great interest in sponsorships we hope to defer the web start-up expenses.”  In fact, Mr. Hill told us that the event just received a sponsorship from NTT Investment Partners deferring a portion of the event’s costs.

This is one of the better platforms for Japanese web start-ups to begin their global journey. btrax works on coaching the start-ups in various aspects of the event, from developing a presentation style to coaching on how to answer business model questions that the SF Tech community audience typically asks. This gives Japanese start-ups an opportunity to interact with the SF Tech scene which is debated to be the hottest tech venues in the world. The btrax team helps the applying companies by providing a free feedback report on their services and if selected the presenting companies will get a more comprehensive feedback from the event’s audience.

Mr. Hill is also planning to hold “International Startup Night” in 2011, and a couple popular companies from SF Japan Night could get a chance to present and compete with other global start-up from around the world.

If you are willing to sponsor please contact them at sfjapannight@btrax.com and if you are willing to apply for demonstration please do so from here.


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