China Tech Newsletter – May 1- 4, 2015

TencentOS for Smart Watch
The TencentOS for Smartwatch (image credit: Digi.tech.qq.com)

Several photos of the TencentOS for smartwatch were unveiled. The custom version of Android Wear developed by Tencent, unsurprisingly, is pre-loaded with WeChat, Tencent’s flagship mobile app.

TencentOS (TOS), unveiled earlier in January, isn’t Tencent’s first effort on custom Android system. This time the Chinese social networking giant will make it available with the emerging categories of smart devices besides smartphones.


TAL Education Group (NYSE:XRS) launches Lewaijiao.com that connects English tutors with Chinese students in grades 3 – 8. Apart from one-on-one online courses, there’re also offline classes or activities that will take place at TAL’s training centers. The first tutors Lewaijiao has hired are from the Philippines.


Zhimi, English learning app developer, announces Pre-A round of funding led by Dragonrise Capital and joined by its exiting investor Shunwei Capital Partners. (via Jmdedu.com)

The company has developed two apps, a vocabulary builder for a variety of English tests and the other for improving English listening skills.


Eunke, mobile logistics solution developer, claims to have raised US$126 million in Series B round of funding. Founded in April 2014, the company raised angel investment from ZhenFund and US$3 million in Series A from IDG Capital Partners later in the year. (via Lieyunwang)

Eunke has developed two mobile apps for suppliers and drivers, respectively.

China’s logistics market is highly fragmented that there’re millions of small logistics companies and drivers.


Beijing Thunisoft Co., Ltd. (300271.SZ), formerly Tsinghua Unisplendour, announced to acquire Wanhu for RMB320 million (about US$52m) and the remaining 49% stake in Thunisoft Credit (Beijing) Software Co., Ltd. for RMB184 million (about US$30m).

Thunisoft Credit Software, formerly Hangyu Jinxin, supplies software solutions to local food safety authorities and administrations for industry and commerce. Founded in 2007, Hangyu Jinxin became majority-owned subsidiary of Thunisoft in 2012 and was renamed Thunisoft Credit Software in 2014. The company recorded total revenues of RMB68 million (about US$11m) with RMB7 million (about US$1m) in profit in 2014.

Wanhu, founded in 1998, develops websites and collaboration software for businesses and organizations. The company made RMB70 million (roughly US$11m) in total revenue and RMB3.7 million (about US$0.6m) in profit in 2014.


Beijing Orient National Communication Science & Technology Co., Ltd. (BONC), business analytics software solution provider, has acquired UK-headquartered Cotopaxi Ltd., which provides energy and carbon reduction solutions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s