China Tech Newsletter – Oct 9, 2015

image credit: DJI
image credit: DJI

Drone maker DJI launches OSMO, a handheld stabilized 4K action camera.

Yunzao, a design-driven hardware startup, has raised Series A funding led by Shunwei Capital Partners, the venture capital firm co-founded by Xiaomi CEO Lei Jun, and joined by Foxconn, Qualcomm, ZhenFundRicebank and a few other investors. Shunwei and Ricebank also participated in its angel round.

Yunzao’s first product Yunbike is a smart electric folding bike launched in May this year. A second generation is expected to launch next week.

image credit: Yunzao
image credit: Yunzao

Chinese food chain Huangtaiji has raised Series B funding to transform its dining chain business into a food delivery and logistics platform. (announcement in Chinese)

Starting from a Chinese pancake chain three years ago, the company now provides a variety of standardized Chinese food and offers doorstep delivery. Its plan is to expand offerings and build a large delivery fleet.

It is rumored that, the food and grocery delivery app funded by Tencent, JD and Dianping, is working on a similar model.

iQiyi, Baidu’s online video subsidiary, has sued Sogou, the Tencent-backed search and mobile service company, whose mobile browser enables speeding up pre-roll video ads and downloading ineligible videos. (via Sina Tech)

iQiyi’s major revenue source is video advertising.

Aliyun, Alibaba’s cloud computing arm, is opening a second data center in the Silicon Valley. It’s Aliyun’s ninth data center. (via Aliyun)

Fosunny, an electronics and accessory manufacturer with Huawei and ZTE as major clients, has gone bankrupt. The major cause is profit margin decline on mobile phones. (via National Business News) launches German Mall featuring made-in-Germany goods. It had previously rolled out French, Korean, Japanese, Australian and U.S. Malls.

Hainan Airlines has reportedly invested in Uber China at approximately US$8 billion valuation. (via


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