China Tech Newsletter – July 29, 2015


Video streaming service PPTV launches its first smart TV. It comes in three models with specs similar to the latest models by Xiaomi, LeTV and other major smart TV makers. They are priced from RMB1799 (about US$290).

With Suning, the leading electronics retail chain, as PPTV’s largest shareholder, PPTV smart TVs will be sold through Suning’s online and offline stores.

Alibaba Group announces to invest US$1 billion over the next three years into Aliyun, its cloud-computing business.

Didi Kuaidi announces to invest RMB500 million (about US$81m) into its commuter bus business which was launched earlier this month, planning to expand the service to 30 cities by the end of the year.

Qihoo 360 is reportedly entering internet-based finance sector that will launch an online financial products platform and a crowdfunding project for its hardware products, and is applying for a third-party payment license.

Cheche, which sells auto insurance online, announces Series A round of funding. (via Donews)


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