China Tech Newsletter – Aug. 19, 2015

Alibaba Group and China North Industries Group (NORINCO Group) have established a 50-50 joint venture to develop products and services based on the BeiDou Navigation Satellite System, NORINCO Group announced yesterday.


Alibaba Health has signed a strategic cooperation agreement with Carestream Health, a dental and medical imaging system provider, to jointly develop an diagnostic imaging system for the former’s cloud-based hospital administration platform. (via Sina Tech)


Aliyun, the cloud computing business of Alibaba, will open a new data center in Singapore in September. Its headquarters for international operations will also be in Singapore.

Aliyun has had data centers in Beijing, Hangzhou, Qingdao, Shenzhen, Hong Kong and Silicon Valley.


Tencent and Alibaba have raised their stakes in film production company Huayi Brothers. Tencent is now the second largest shareholder in it and Alibaba the fourth.


Tencent has invested US$50 million in Kik, the Canadian chatting app that launched several months earlier than Tencent’s WeChat.


Changba, the popular karaoke app, has raised RMB447 million (about US$72m) in new funding from Shanghai Xinqing Cultural Investment (not an official translation) jointly established by Beijing Hualian Department Store Co. (Beijing Hualian) and a few other investors, Beijing Hualian announced on August 18.

Founded in 2012, Changba has 81 million registered users and 4 million daily active users.


Haier, the leading home appliance manufacturer, announced a joint venture with Lianluo, a mobile application developer and service provider, on August 18.

The JV will develop smart hardware products based on Haier’s smart home solution. Haier has a 36% stake in the JV.


Weibo reports 39% year-over-year revenue growth. Advertising and marketing revenues grew by 47%, accounting for 82% of the total revenue. User-facing paid services only increased 13%.

Daily active users were 93 million for June 2015, up 34% year over year.


JD.com has invested RMB100 million (about US$16) into the digital health company under Shanghai Pharma for a 12.5% stake. (via Xinhua)


58.com invests in online tutor marketplace Laoshihao (via Donews)


LeTV, the online video and smart device company, has announced a content distribution network (CND). And it’s for free. The company bets on advertising to make ends meet and will share ad profits with content providers.

Xunlei, the cloud accelerator developer with Xiaomi as the largest shareholder, released a CDN less than two months ago. It charged a monthly fee of RMB0.1/GB (for data) or RMB9999 (about US$1600)/GB (for broadband) at launch.


“Airbnb has forged a partnership with investment firms Sequoia China and China Broadband Capital, which contributed to a $1.5 billion investment this summer, to find a chief executive officer for its China operations and widen its foothold in the world’s most populous country.” — Bloomberg


Didi Kuaidi, China’s leading ride-hailing company, participated in the latest round of funding in GrabTaxi, a Southeast Asia-focused ride-hailing service. — TechCrunch


Zhaopin reports June quarter results.

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