SEOUL, June 7 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Co. said Wednesday it will work with Chinese technology giant Baidu, Inc. to develop a navigation system for its vehicles that will be sold in the world’s biggest auto market. Hyundai and Baidu will jointly develop “Baidu MapAuto” and a voice recognition system [...]
SEOUL, April 30 (Korea Bizwire) – A new fashion smartphone app has become a huge success in China. Interpark, an online market operator in Korea, announced on April 29 that its fitUin fashion application broke through the 100,000 download mark in China just one month after its release. The app enables users to try on [...]
SEOUL, March 29 (Korea Bizwire) — South Korea’s No. 2 tech giant, LG Electronics, said Sunday it will take “strong” action against sales of counterfeit G3 smartphones in China by joining forces with Beijing authorities. LG said the move came as a number of smartphone retailers in China are selling the fake G3 smartphones at a [...]
SEOUL, Jan. 28 (Korea Bizwire) — Hyundai Motor Company is teaming up with Baidu, China’s largest Internet portal, to venture into one of the most promising fields in the global automotive market: the connected car business. The Seoul-based car manufacturer announced on January 27 that China’s top search engine would participate in efforts to sell cars [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kim Jong-kook, Korea’s singer and TV personality, was ranked No. 2 among most searched keywords on China’s Baidu search engine. Normally, the ranking was filled with idol star names from China and Korea, with no 30-something celebrities like him ever on the list. Kim gained fame after his appearance on [...]
IndoorAtlas Poised to Capture Chinese Market With Access to a Billion Potential Subscribers BEIJING, CHINA and MOUNTAIN VIEW, CA and OULU, FINLAND, Sep 2 (Korea Bizwire) - IndoorAtlas, the global leader in magnetic positioning technology for indoor location, today announced that it has agreed to a $10 million investment from Baidu (NASDAQ: BIDU), the world’s leading [...]
SEOUL, July 30 (Korea Bizwire) — When President Xi Jinping of China visited South Korea earlier this month, around 200 business delegates, including CEOs of major Chinese IT companies like Alibaba, Baidu, Huawei and China Telecom, accompanied him on the trip. All of the Chinese companies are reportedly, gearing up to push deeper into Korean market with [...]
![[China Report] Chinese Social Commerce Industry Undergoing a Wave of Consolidation](http://koreabizwire.com/wp/wp-content/uploads/2014/03/4965550763_4ef4648794_z.jpg "[China Report] Chinese Social Commerce Industry Undergoing a Wave of Consolidation")
SEOUL, Korea, Mar 28 (Korea Bizwire) – According to data released recently by the China International Electronic Commerce Center, the number of social commerce sites closed for business since the beginning of the first social commerce site in China has been 5,376 out of total 6,246 operators. The closure rate is as high as 86 [...]