China Tech Newsletter – June 24, 2015

Renren has led Series B round of funding for online lending site Anxindeli. Its existing investor ZhenFund also participated in this round.

Intel invests in AWCloud, an OpenStack-based public cloud vendor. (via

Online investment products distributor Licaifan announces Series B round of funding from Magic Stone Alternative, Zhong Capital and returning investor Lin Guangmao.

Wangdaizhijia, which provides information and services on online peer-to-peer lending, announces Series B funding from SAIF Partners.

Used car marketplace Che300 has raised Series A funding from Source Code Capital.

Piaoguanjia, a developer of ticketing solutions (software and hardware) for attractions, has raised Pre-A round of funding.

Zhimayou, an online travel service distributor and software solution provider, has raised Series A round of funding. (via National Business Daily)

Qualcomm, Huawei, SMIC and Imec will form a joint venture to develop advanced 14-nanometer chips. — The Wall Street Journal

Alibaba’s Tmall announces 11 more “country pavilions” that businesses from these countries can sell their products directly to Chinese consumers through Alibaba’s system. South Korea was the first to join the program that launched its “pavilion” last month.

The 11 are the U.S., the U.K., France, Spain, Switzerland, Australia, New Zealand, Singapore, Thailand, Malaysia and Turkey.

Juhuasuan, the group-buying platform of Alibaba, will introduce goods from more than 20 countries, according to Alibaba.

Internet data center services provider 21Vianet has established a data center in the U.S. by partnering with Server Farm Realty.


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