Tech China Post #76

Amazon and Walmart are learning from Alibaba and JD.com about off-line and online grocery retailing. From grab-and-go technology to robots-manned grocery stores, grocery retailing in China can be instructive for retail innovations in the U.S.(link)

China’s blockchain companies are racing to become the infrastructure blockchain protocol to enable federated digital identity solutions in China. One of the companies, Metaverse, is enabling individuals to create digital identities on the Metaverse blockchain and also use Metaverse oracle to be the intermediary to federate the digital identities securely across distributed ledgers. (link)

Y Combinator is entering China to launch a startup accelerator. Y Combinator is hiring Baidu’s COO as the CEO of Y Combinator China. (link)

Alibaba is launching new membership program that is very similar to Amazon Prime. For annual subscription of close to $130, members of Alibaba will also receive access to sister video streaming service called Youku Tudou, to Alibaba’s music streaming service Xiami, and to food delivery platform called Ele.me. (link)

Sequoia Capital China is raising a new fund close to $6B to invest in late-stage technology companies. Limited partners of the fund reportedly are state-owned venture capital fund and e-commerce giant JD.com. (link)