China Tech Newsletter – May 29, 2015


The leading heavy equipment manufacturer SANY unveils a waterproof dustproof shakeproof 4G phone, SANY V8.  It’s now available on the WeChat shop of SANY.

The three available models are priced from RMB1499 to RMB1699 (US$240 -US$270).

SANY V8 is an improvement over a previous model which was developed in 2013, as reported by Caijing.

Baidu Union, the AdSense-like advertising program of Baidu, expects to give publishers a total of RMB12 billion (about US$1.9bn) in revenue share this year, a 67% increase from previous year, the company said today at the 2015 Baidu Union Summit.

Baidu also announced a US$1 billion fund, by partnering with Sequoia CapitalGobi Partners and a few Chinese tech companies, and a RMB500 million (about US$81m) loan program to back publishers.

Smartphone startup OnePlus launches H2 OS, a new custom Android system for domestic users. The company released Oxygen OS last month for international users. Before the in-house developed custom Android ROMs, CyanogenMod was pre-loaded in the international version of OnePlus’ first flagship phone and Color OS, the one by OnePlus’ partner company OPPO, in the version for domestic users.

Most of the newly emerged Chinese smartphone makers, including Xiaomi, Smartisan, Meizu, Huawei and LeTV, develop custom Android systems. Xiaomi’s MIUI system has been generating considerable revenues through advertising and paid apps/in-app items in the pre-installed app store and game center.

Private tutor platform announces RMB69.5 million (about US$11m) in Series A round of funding from Plum Blossom Angel Fund (our translation), Newsion Venture Capital, angel investor Wu Shichun, Changba CEO Chen Hua and’s chairman Pang Dongsheng.

There has been a dozen or so private tutor services in China and several of them have recently raised new funding, such as Qingqing Tutors (Series B round from TAL Education Group, Sequoia CapitalIDG Capital Partners and TBP), Gensheixue (Series A from Banyan Capital) .

Ctrip said that yesterday’s breakdown was caused by an internal error instead of hackers. Its website and mobile app had been fully restored late last night, according to the latest statement by the company.

eLong, whose site went down yesterday afternoon, hasn’t updated its statement  published that says its a hack. eLong’s service was restored shortly after the outage began.


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