China Tech Newsletter – Sept 16, 2015

AMAZFIT (image credit: Huami)
AMAZFIT (image credit: Huami)

Huami, Xiaomi’s wearable affiliate, launches AMAZFIT, a button-size device that can track activities and sleep, send alerts, make payments (through Alipay or Xiaomi’s payment service), among other things. It’s priced at RMB299 (US$48).


Digital payment solution provider Lakala launches a payment wristband.

MiFinance, the mobile financial product platform of Xiaomi, begins offering personal loans, starting at RMB100 (US$16). It uses its own user data-based credit rating system to evaluate requests, according to Xiaomi.

MiFinance rolled out a money market fund earlier in May and an Exchange-traded fund in June by partnering with third-party financial institutions.

Online travel service provider Tuniu will set up two factoring service companies. Some 8000 merchants on its online travel booking platform and other SMEs in the travel industry will be the two companies’ potential customers, Tuniu said.  (via Sina Tech)

Meal delivery app will begin delivering pharmacy items. Almost all Chinese meal delivery apps have added this category.


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