China Tech Newsletter – Aug. 25, 2015

Smartisan's Second Flagship Smartphone
Smartisan’s Second Flagship Smartphone

Android phone maker Smartisan launches its second flagship phone Jianguo (“nut”).

Unlike its first product that aimed at high-end users and was high-priced, the two models of the second generation are offered at low prices, RMB899 (about US$150) for the 16G model and RMB999 (about US$160) for the 32G one.

Launched in May 2014, Smartisan’s first model T1 had shipped more than 120,000 units as of 2014.

WeChat launches software solutions for eight categories of smart hardware devices, healthcare, wearable, toy, digital payment, air conditioner, smart TV, router, and other smart home appliances.

Developers are able to develop applications on top of WeChat’s public account system, through which users can control their hardware products.

Alibaba launches an “intelligent audio solution” for connected devices. Apart from software, Alibaba also provides content through partnership with major Chinese music streaming and podcast services such as Xiami (Alibaba’s music streaming service).

Xiaofei, a WiFi & Bluetooth mini speaker developed by Philips that launched today, is the first product to adopt this solution.

MyBank, the online-only bank under Alibaba’s finance arm, launches Liuliang Dai (“Traffic Loan”) which offers small loans between RMB2000 (US$300) to RMB1 million (US$160,000) to small and medium-sized web services in China.

MyBank depends on CNZZ, the leading internet statistics analysis service provider Alibaba Group acquired in 2011, to evaluate potential borrowers. More than 5 million Chinese websites have adopted CNZZ services.

Online travel search service Qunar reports 120% revenue growth in the second quarter. Mobile revenues, accounting for 68% of the total, have more than tripled year-on-year.

59% of the total revenues were from flight booking and related services, and 29% from accommodation reservations.


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