China Tech Newsletter – May 14, 2015

Lenovo and Alibaba are reportedly creating a joint venture to make smart TVs.

The smart TV development team spun off from Lenovo will develop hardware for the joint venture and the smart TVs will be pre-loaded with Aliyun OS, the custom Android system developed by Alibaba, according to multiple media reports. Products by the JV will be sold through online distribution channels including Alibaba’s Tmall marketplace.

Alibaba Group has made a strategic investment in Shanghai YTO Express (Logistics) Co., Ltd. together with YF Capital, the venture capital firm co-founded by Alibaba’s Jack Ma. Financial terms were not disclosed.

YTO Express was founded in 2000 and now has a 20% share of China’s parcel delivery market, according to Alibaba Group.

63% of users of MIUI, the custom Android system pre-loaded on Xiaomi phones and available for free download, are in the 18 to 29 demographic and 27% are between 30 to 39. 9% are under 18 years of age.

About 40% are female, up from 30% in June 2014.

Xiaomi shipped a total of 87.3 million phones as of the end of 2014, so the majority of MIUI users, which reached 100 million in January this year, are gained through Xiaomi phone sales.

Hotel software solution developer Fangcang has raised RMB60 million (about US$10 million) in Series A funding. (via ChinaTravelNews)

Tencent has bought a 20% stake in US-based mobile game developer Pocket Gems for US$60 million. (via The Wall Street Journal)

Leave a Reply

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

You are commenting using your 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