China Tech Newsletter – June 1, 2015

N1 e-scooter
N1 e-scooter

Electric scooter startup Niudian Technology (Niu.com) launches its first lithum-ion battery powered product N1.

The batteries come from Panasonic and the drive system was jointly developed with German engineering and electronics company Bosch, according to the company. N1 scooters will be manufactured by the company’s own factory located in a city in Eastern China.

The scooter has an accompanying app with features including GPS location, anti-theft alarm and remote monitoring, and the app shows repair shops near you.

N1 comes in two models that are priced at RMB4999 (about US$800) and RMB3999 (about US$650), respectively.

It is currently available in China and the company plans to export it to Europe next year.

The company has raised a total of US$50 million from top venture capital firms including GGV CapitalSequoia Capital and IDG Capital Partners.


Didi-Kuaidi launches Shunfengche which helps commuters find carpool partners with a ridematching system. Starting in Beijing, the service will be available in 25 more cities within a month. The company said it’d not charge drivers or passengers commissions or fees.

Last month the company released real-time ridesharing service Didi Kuaiche.


Smart home device developer Xcloud has raised Series A round of funding from JD.com and Lenovo Lefund. (via Lieyunwang)

The company has launched a smart WiFi router and a wireless video monitoring camera. A wide range of applications have been developed for the router which runs a OpenWRT-based operating system.


Social photos app In announced RMB300 million (about US$48m) in Series B round of funding led by Matrix Partners China and angel investor Lin Lijun, with participation from Qianhe Capital (our translation), China RenaissanceCash Capital and InCapital. (via Sina Tech)

Its direct competitor Nice, launched in October 2013, had raised a total of US$64 million in three rounds of financing as of the end of 2014, according to multiple media reports. Nice also has an English version.

In was launched in mid-2014. Both Nice and In claim they have over 30 million users.


Grocery delivery service Lifec.com has raised US$16 million Series A funding from Blue Lake Capital. (via Tencent Tech)

The service is co-founded by Liu Fang, former vice president at JD.com, and Zhang Limin, former vice president for logistics of JD.com. Its website was launched only two months ago in March.


Lvmama, which offers self-guided tours and related services, has raised RMB500 million (about US$81m) in Series E funding from budget hotel chain Jinjiang Hotels (via Sina Tech).

The company had raised more than RMB550 million (about US$90m) in total before this round, according to previous media reports.

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