China Tech Newsletter – Sept 19-22, 2015

MIMOBILE

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.


Gome, one of the leading consumer electronics retailers, is set to develop smart home devices by partnering with home appliance manufacturers and software companies. (via Securities Daily)


TAL Education Group announces to acquire FirstLeap, which provides English language learning services targeting 2- to 15- year-olds.


Collaboration and project management tool developer Teambition has raised Series B funding led by Northern Light Venture Capital.


TT Kuaiche, a platform for auto maintenance and repair services, announces Series B funding led by Sina and joined by existing investor Sequoia Capital.

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.


Shanghai Metals Market announces Series A funding led by Greenwoods Investment. (via Sina Tech)


China Media Capital (CMC) joined a US$65 million round of funding in US VR camera maker Jaunt.

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