China Tech Newsletter – April 22, 2015

image credit: Alipay
Alipay City Services (image credit: Alipay)

Alibaba launched its answer to WeChat’s City Services (our translation).

Earlier this year WeChat unveiled an additional channel that enables users to see real-time traffic camera feeds and air quality data, file taxes, book doctor appointments, pay traffic fines, buy long-distance bus tickets, among others.

Similar capabilities now are available on Alipay Wallet, the mobile app under Ant Financial Services Group (Alibaba’s finance arm), Mobile Taobao app and Weibo, in which Alibaba has a stake. Users in 12 Chinese cities including Shanghai, Guangzhou and Shenzhen are the first to enjoy Alibaba’s services. Alibaba plans to expand the number of cities to 50 by year end.

Alipay Wallet has had 270 million active users, its parent company disclosed today.


JD’s finance arm launches an installment plan for apartment rentals by partnering with real estate company Lianjia which owns a rental property business.


Mobp2p.com has secured Series A round of funding from Sequoia Capital and Blue Lake Capital. Mobp2p provides short-term loans of up to RMB5,000 (about US$800) through its mobile apps. (via eeo.com.cn)


 

Yumi Technology, app recommendation service developer, announced RMB40 million (about US$6.5m) in Series A funding led by Shenzhen Capital Group and joined by existing investor Ceyuan Ventures.

The company has launched an iOS app and is developing one for Android. Its core members are from app distributor 91 Wireless, 91’s former parent NetDragon and Baidu, which has acquired 91, Yu (via Donews)

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