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.