China Tech Newsletter – Oct 8, 2015

Alibaba Group publishes 2015 Annual Report.

Alibaba-backed Meituan and Tencent-backed Dianping, the two largest group-buying and local lifestyle services, announce to merge.

Uber registers in Shanghai Free-trade Zone with registration capital of RMB2.1 billion (US$330M), saying to invest RMB6.3 billion (US$990M) in its China operations.

Uber’s Chinese services now are hosted in China. (via Sina Tech)

Shanghai authorities have granted a license for online private car-hailing operations to Didi-Kuaidi, the leading ride-sharing service provider. It’s the very first in China. (via

Tianhong Assent Management, the money market fund manager in which Alibaba Group has a controlling stake, has launched an online money market fund marketplace targeting SMEs, together with Aisino Corporation, an information security company. (via Sina Tech)

Tianhong Assent Management developed and manages Yu’ebao, the hugely successful money market fund designed for Alipay users.


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