China Tech Newsletter – June 19, 2015

China now allows 100% foreign ownership of “online data or transaction (commercial transaction) processing services”, The Ministry of Industry and Information Technology (MIIT) announced today.

Earlier this year MIIT announced to allow full foreign ownership of e-commerce companies in the Shanghai Pilot Free Trade Zone.


40,000+ stores of 70+ supermarket and convenience store chains across China accept Alipay, the online payment service of Alibaba’s finance arm, according to the company.

Ride hailing app Didi Dache has also added Alipay. Previously it only accepted WeChat Payment, the mobile payment service of its shareholder Tencent. Didi Dache and Alibaba-backed Kuaidi Dache announced to merge earlier in February.


Keyboard app TouchPal claims to have 16 million daily active users in the U.S.

Established in 2008 the app now supports 97 languages and is preloaded in many Android phone brands, including Huawei, ZTE, Lenovo and HTC.


The official app by The Central Commission for Discipline Inspection (CCDI) has added a feature that enables the masses to report corruption anonymously by uploading photos or videos. The Wall Street Journal has written an article about it.


Legend Holdings, the parent company of Lenovo, may set IPO share price at HK$43 to raise about US$2 billion. — Bloomberg


Online travel service platform Qunar and Ping An Chengzi, the online financial services provider of insurer Ping An, have signed a strategic cooperation agreement that the latter will offer investment products and personal loans to Qunar users. (via Chinanews.com)


Startups that Announced Funding Rounds this Week (via Chinese media reports)

Education 

  • FancyEdu (education solutions developer)
  • HUIVO (software for kindergarten, Series B)
  • Xuebajun (exam practice)
  • Yiyou (a platform connecting painting teachers and students)
  • Zhuoshi (out-of-school learning)
  • Pingban (a group-buying platform for courses)
  • MSB365 (a platform connecting K-12 students and tutors)
  • SKWY (art education)

e-commerce

  • Farmlink (distributor of foods products for restaurants, Series B)
  • Yazuo (restaurant management software, Series C)
  • Banxiaoshi (grocery delivery)
  • Tamall (auto parts retailer, Series B)
  • Molbase (a marketplace for chemicals)
  • Meilele (online furniture store)
  • Inmix (eyewear)

Travel

  • Oumen (family vacation travel)
  • Zouzhe (domestic tourism)
  • Vinus Trip (social travel)
  • Xilehang (in-flight internet)
  • Tujia (short-term rental, Series D)

Logistics

  • Huitouche (a platform connecting suppliers and truck drivers)
  • Dada (crowdsourced delivery)

Social

Other

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