China Tech Newsletter – June 17, 2015

JD.com launches a Russian website. It partners with Russian online retailer Ulmart, payment service Qiwi and search engine Yandex, as reported by Reuters.

An English version of JD online store was launched in 2012.


JD.com has acquired digital publishing service Mzread. Financial terms were not disclosed.

JD’s own digital book platform has had some 300,000 titles, according to the company.


Smartisan, the Android phone brand established in 2012, is now valued at RMB2.6 billion (about US$420m) following a recent RMB30 million (about US$4.8) investment from Xunyou (SZ: 300467).

The company was valued at roughly US$70 million in the Series A fundraising round in 2013. Its first smartphone Smartisan T1 was launched in May 2014 and had shipped some 120,000 units in the following seven months, according to the company.


Ride hailing company Didi Kuaidi has added on-demand chauffeur service onto Didi app and is hiring freelance drivers.

Also, the company has expanded its helicopter ride service to Chengdu. (via Sina Tech) The service launched first in Beijing and Tianjin last month.


Cainiao (or China Smart Logistics), Alibaba’s logistics arm, launches three fresh food distribution centers in Shanghai, Beijing and Guangzhou, planning to enable 24-hour fresh groceries delivery service in 18 Chinese cities by year end.


Qihoo 360 is going private.

The management thought their stock was undervalued, according to an internal email by CEO Zhou Hongyi. (via Sina Tech)


Chinese actress Yang Ying (a.k.a. Angelababy) has created a venture capital fund, AB Capital. The first startups backed by the fund are Ymatou, an online retailer of imported goods, and nutritional product provider HeyJuice. (via Sina Tech)

Star VC, established last year by three Chinese celebrities (including Yang Ying’s husband Huang Xiaoming), was one of the first venture capital funds by celebrities targeting tech sector.

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