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, ZhenFund, Ricebank 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.
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 Ele.me, 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)
JD.com launches German Mall featuring made-in-Germany goods. It had previously rolled out French, Korean, Japanese, Australian and U.S. Malls.