China Tech Newsletter – June 25, 2015

China’s 4G users had reached 200 million as of May, an increase of 103 million since the end of 2014, The Ministry of Industry and Information Technology announced today. (China Mobile claimed to have had 170 million 4G subscribers as of May.)

3G users were 456 million, a 29 million decrease from five months ago.

The total active smart mobile devices in China grew 9% year-over-year to 1.03 billion in the first quarter of 2015, according to the latest report released by Umeng, the mobile analytics and service provider of Alibaba Group.

The fastest-growing app categories include personal finance, tourism, mobile shopping, communication and utility.

As of May, Samsung’s share in China’s Android device market decreased by 5% year-over-year to 18.6%, while Xiaomi’s increased to 17.3% up from 10% a year ago.

Tingyun, an application performance management vendor, gets listed on The New Third Board, the new OTC board debut in early 2013.

Established in 2007, Tingyun has had more than 2000 enterprise clients. Using a freemium model, the company generated RMB57 million (about US$9.2m) in revenue, with RMB5.6 million (about US$90,000) in profit, in 2014.

MyBank, the online only bank of Alibaba’s finance arm, officially opens today. — Reuters

The latest financing round Didi Kuaidi is raising will likely surpass US$2 billion, with participation from several existing investors including Alibaba and Tencent, Sina Tech reported. It was previously reported that the company planned to raise US$1.5 billion.

Hillhouse Capital Group, one of Didi Kuaidi’s investors, was reportedly leading a US$1 billion funding round in Uber.

Xiaomi and Xunlei jointly launched Xingyu, a content delivery network, with a monthly fee of RMB0.1/GB (for data) or RMB9999 (about US$1600)/GB (for broadband).

China has drafted a cyber security law. — Xinhua


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