Xiaomi unveils its MVNO business “Mi Mobile”.
Xiaomi also launched today its new flagship phone, Mi 4c.
Weilidai, the first product by Tencent-backed online-only bank WeBank, has landed on the latest version of WeChat.
Launched first on Tencent’s Mobile QQ app earlier this year, Weilidai offers RMB500 (US$80) – RMB200,000 (US$32,000) personal loans.
Launched in July 2014, the startup claims to have set up more than 10,000 shops in some 120 cities.
Luxury lifestyle app YHouse announces Series B round of funding.
Youpu, which provides travel tips produced by professional travellers, has raised Series A funding led by GGV Capital, and joined by returning investor Matrix Partners China and a couple of other investors.
China Media Capital (CMC) joined a US$65 million round of funding in US VR camera maker Jaunt.