The Low Down - Momentum Works

We provide the low down on all the happenings in Tech & VC.

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China

Angry CEO & his Ezbuy

“We can’t decide whether the big players are bullying us, but we can do our best to improve ourselves in order not to be bullied” On Friday, He Jian, Founder & CEO of Ezbuy, posted (on WeChat) an open letter… Continue Reading →

Why Jack Ma is missing from the dinner of Chinese internet billionaires

There is a photo circulating on the internet about some of the most prominent names of Chinese mobile internet industry gathering at the same dinner table. Many of you asked us three questions: Is this photo real? Who exactly are… Continue Reading →

What we discussed during “Chinese gold rush in Indonesia”

Thanks to all of you, investors, entrepreneurs and corporate decision makers, who showed up at our sharing session “Chinese gold rush in Indonesia” last Wednesday (29 Nov). It was a cosy night. We had some very interesting discussions with people… Continue Reading →

Banks enabled, not stifled, the rise of Alipay – Part 2

In part one of this article, we wrote about the background of mobile payment platforms in China. In this second part, we talk about how these platforms work and the benefit to their providers. So, how (and why) do these… Continue Reading →

Why no English media reported THAT Blue incident

A few days ago, we published a blog post on how Bluegogo, the bike sharing company once valued at US$150m, went into free fall after a bizarre incident. Since then, we received a lot of enquiries from our readers. Many… Continue Reading →

Banks enabled, not stifled, the rise of Alipay – Part 1

The state-owned banking network in China has long been criticised for blocking innovation; however, without their support, third-party payment platforms such as Alipay would not have been able to flourish like they are now. Unfortunately, many commentators have overlooked this… Continue Reading →

Chinese Loan Apps in Indonesia

If you read our earlier articles about the Indonesian payday loan market (Part 1 and Part 2 are linked here for your convenience) you will already know about the rush of Chinese lenders backed by proven business models that are… Continue Reading →

Real reason for Alibaba’s US$2.9 billion investment in offline retailer

Alibaba Group today announced that it is making a US$2.87 billion investment into Sun & Art Group, a retail group in China that operates Auchan and  RT-Mart. In total Sun & Art controls 446 hypermarkets across 29 provinces in China…. Continue Reading →

The bizarre event that ruined a US$150m company

So the rumours that have been spreading for months have finally authenticated: Bluegogo, once China’s 3rd biggest shared bicycles operator, folded. There are many news reports about this incident, although none of them caught the bizarre event in June that… Continue Reading →

The failure that defined Alipay’s success

In case you have been living under a rock (or a pile of paperwork) these last few years, here’s an introduction of Alipay (支付宝) and related Alibaba services , courtesy of the Alibaba Group. We caught up with few fintech… Continue Reading →

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