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Four New Inventions
''Four new inventions'' () is a slogan that is propagandized by the Chinese state media, named after the Four Great Inventions in ancient China. In the year 2017, Chinese state media started to claim that mainland China invented high-speed rail, mobile payment, e-commerce, and bike-sharing. However, none of those "four new inventions" were actually invented in mainland China. High-speed rail High-speed rail is a type of rail transport that operates significantly faster than traditional rail traffic, using an integrated system of specialized rolling stock and dedicated tracks. "High-speed" is defined by the European Union as at least 250 km/h on new tracks, and 200 km/h on older tracks. The first high-speed train in the world was the Tōkaidō Shinkansen in Japan, whose service started in 1964, with the maximum speed 210 km/h. In mainland China, "high-speed" is defined as at least 250 km/h by design, with the minimum speed 200 km/h during initial service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Media
State media or government media are media outlets that are under financial and/or editorial control of the state or government, directly or indirectly. There are different types of state and government media. State-controlled or state-run media are under editorial control or influence by the state or government. Definition There is no undisputed definition of state media or government media. The most common definition of state media or government media refers to any media organization that is either directly or indirectly owned or operated by the state. Across 97 countries, the pattern of media ownership was found to be predominantly owned by either the government or by prominent families connected with government entities. It is often associated with authoritarian governments that use state media to control, influence, and limit information. State or government media can range from media outlets that are completely under state control to editorially independent public service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NetMarket
NetMarket is an online marketplace owned by Trilegiant that sells various goods ranging from electronics to jewelry. It was founded in 1994 by Dan Kohn and Roger Lee, both former London School of Economics students, and by Guy H. T. Haskin and Eiji Hirai from Swarthmore College. ''The New York Times'' has credited the company with performing the first secure retail transaction on the Internet. History NetMarket was initially conceived by Dan Kohn while he was studying at the London School of Economics after finishing an honors degree in economics from Swarthmore College. He recruited classmate and Yale graduate Roger Lee to become president of the company. The company's management team was rounded out by Guy H. T. Haskin and Eiji Hirai, both from Swarthmore and both hired for their technical skills. The firm's initial headquarters was a house in Nashua, New Hampshire. It started out selling goods such as CDs and books for various offline stores using non-digital payments. On A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobike
Mobike ( zh, s=摩拜单车, p=mó bài dān chē), also known as Meituanbike, founded by Beijing Mobike Technology Co., Ltd. ( zh, s=北京摩拜科技有限公司), is a fully station-less bicycle-sharing system headquartered in Beijing, China. It is, by the number of bicycles, the world's largest shared (for hire) bicycle operator, making Shanghai the world's largest bike-share city in December 2016. In April 2018, it was acquired by a Chinese web company Meituan-Dianping for US$2.7 billion. History In 2015, Mobike was established by a former journalist Hu Weiwei. Co-founder Wang Xiaofeng, the general manager for the Shanghai office of Uber also known by his English name Davis Wang, became Mobike's CEO. Not being able to purchase bikes from suppliers to the preferred specifications, the company built its own bikes which were rolled out from April 2016. In December 2016, the company made Shanghai the world's largest bike-share city. In June 2017, Mobike raised $600 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ofo (company)
Ofo (), stylised as ofo, was a Beijing-based Bicycle-sharing system, bicycle sharing company founded in 2014. It used a Bicycle-sharing system#Dockless bikes, dockless system with a smartphone app to unlock and locate nearby bicycles, charging an hourly rate for use. In 2017, it had deployed over 10 million bicycles in 250 cities and 20 countries. The company was valued at up to US$2 billion and had over 62.7 million monthly active users. In 2018, Ofo announced massive reduction in operations, including withdrawing from most US cities and from several entire countries. By 2020, facing a large amount of unpayable debt, the company was no longer operating bike rentals. History 2014–2016: Founding in China The company was founded in 2014 by five members of the Peking University cycling club as a project that initially focused on bicycle tourism before deciding on bicycle sharing. It was named "Ofo" due to the word's resemblance to a cyclist on a bicycle. Ofo was launched ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WeChat Pay
WeChat Pay () is a mobile payment and digital wallet service by WeChat based in China that allows users to make mobile payments and online transactions. As of March 2016, WeChat Pay had over 300 million users. WeChat Pay's main competitor in China and the market leader in online payments is Alibaba Group's Alipay. Alibaba company founder Jack Ma considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer. The success prompted Alibaba to launch its own version of virtual red envelopes in its competing Laiwang service. Other competitors, Baidu Wallet and Sina Weibo, also launched similar features. WeChat Pay statistics - WeChat Pay reached 900 million users in 2021. Service Users who have provided bank account information may use the app to pay bills, order goods and services, transfer money to other users, and pay in stores if the stores ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alipay
Alipay () is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based. Alipay overtook PayPal as the world's largest mobile (digital) payment platform in 2013. As of June 2020, Alipay serves over 1.3 billion users and 80 million merchants. According to the statistics of the fourth quarter of 2018, Alipay has a 55.32% share of the third-party payment market in mainland China, and it continues to grow. History The service was first launched in 2003, by Taobao. The People's Bank of China, China's central bank, issued licensing regulations in June 2010 for third-party payment providers. It also issued separate guidelines for foreign-funded payment institutions. Because of this, Alipay, which accounted for half of China's non-bank online payment market, was restructured as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing country, developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jack Ma
Jack Ma Yun (; born 10 September 1964) is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. In addition, he co-founded Yunfeng Capital, a Chinese private equity firm. As of November 2022, with a net worth of $25.3 billion, Ma is the fourth-wealthiest person in China (after Zhong Shanshan, Ma Huateng and Zhang Yiming), as well as the 36th wealthiest person in the world, ranked by ''Bloomberg Billionaires Index''. Born in Hangzhou, Zhejiang, Ma graduated from Hangzhou Normal University. He became an English lecturer and international trade lecturer at Hangzhou Dianzi University after graduation. Taking an interest in the internet, he founded his first company in 1994, later founding a second company after learning more about the internet. From 1998 to 1999, he headed an information company founded by the government, later leaving it to found the Alibaba Group with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taobao
Taobao () is a Chinese online shopping platform. It is headquartered in Hangzhou and is owned by Alibaba. According to Alexa rank, it is the eighth most-visited website globally in 2021. Taobao.com was registered on April 21, 2003 by Alibaba Cloud Computing (Beijing) Co., Ltd. Taobao Marketplace facilitates consumer-to-consumer retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and abroad, which is made payable by online accounts. Its stores usually offer an express delivery service. Sellers are able to post goods for sale either through a fixed price or an auction. Auctions make up a small percentage of transactions, whereas the majority of the products are new merchandise sold at fixed prices. Taobao users usually read feedback and compare items from multiple shops. Taobao's popular payment platform is Alibaba's Alipay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazon China
Amazon China (Chinese: 亚马逊中国), formerly known as Joyo.com (Chinese: 卓越网), is an online shopping website. Joyo.com was founded in early 2000 by the Chinese entrepreneur Lei Jun in Beijing, China. The company primarily sold books and other media goods, shipping to customers nationwide. Joyo.com was renamed to “Amazon China” when sold to Amazon Inc in 2004 for US$75 Million. Amazon China closed its domestic business in China in June 2019, offering only products from sellers located overseas. History Original Joyo.com was founded by Lei Jun, Chinese entrepreneur and owner of Kingsoft, in May 2000. Kingsoft decided to make Joyo.com into an online bookstore in 1999. Joyo.com was originally a site offering programs for downloading onto desktop computers. It later became an online bookstore and was the second online retailer of books in China after DangDang. They continued to expand their inventory and was in 2003 considered to be one of the largest online retaile ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
