China Tech Newsletter – July 6, 2015

Alipay, the online payment service of Alibaba’s financial affiliate, disclosed some numbers about its offline presence:

  • Since it began offline expansion in 2013, supermarkets, convenience stores, restaurants, vending machines and hospitals that support Alipay have totalled 130,000. (3,7000 vending machines and 200 hospitals).
  • The majority of ride sharing apps, Didi, Kuaidi, Uber, Yongche and Shenzhou Zhuanche have integrated Alipay. The total number of vehicles with traditional taxi companies and aforementioned ride sharing services that support Alipay has reached 900,000.

Online video content and service provider Baofeng (SZ:300431) announces a joint venture established together with Alpha Animation and Culture (SH:002292), consumer electronics manufacturer 3Nod and Ririshun, the logistics arm of home appliance giant Hair.

The JV’s first product will be Baofeng TV, a smart TV.

Also, Baofeng has recently acquired a 50% stake in smart TV company Tongshuai Chuangzhijia (统帅创智家) for RMB250 million (US$40m).

Business WiFi solution developer 100MSH announces US$80 million in Series A round of funding from S.F.Express and Oriza Holdings.

100MSH’s solution is powering 140,000 stores in 160 cities, according to the company.

Chinese mobile virtual network operators (MVNO) have a total of 7.5 million customers, according to Zhang Feng, the spokesman of the Chinese Ministry of Industry and Information Technology. There have been 42 MVNOs since Chinese authorities began granting licenses for MVNO in 2013. (via Sina Tech)

Gaming company Ourplam (SZ:300315) will acquire 11% in Hong Kong-based mobile game publisher Animoca Brands (ASX: AB1) for A$3.1 million (US$2.3) in cash.


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