China Tech Newsletter – April 10, 2015

PPTV, the online video streaming service in which Chinese retail giant Suning has a controlling stake, is reportedly developing smartphones. A few leaked pictures are circulating the web.

Ride-sharing app 51 Yongche announced Series C round of funding led by Chinese search giant Baidu.

(Note: Inflating funding figures or user metrics are believed to be popular in today’s China.)

A dozen of famous Chinese entrepreneurs initiated an environmental protection fund named Taohuayuan. Jack Ma, chairman of Alibaba Group, and Pony Ma, CEO of Tencent, service as co-chairs.

About China Tech Newsletter

China Tech Newsletter compiles hand-curated business news from the China tech market.


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