Tencent also participated in Longzhu’s Series A round together with SoftBank in 2014. After the latest funding round Tencent will own 20% in Longzhu and U9TIME will hold 21%.(via Sina Tech)
Yunnex supports, apart from bank cards, Alipay and WeChat Payment. It has also integrated WeChat’s mobile shop system that businesses can sell goods through Yunnex system.
Zhihu.com, a Quora-like Q&A site, has reportedly raised some US$50 million in Series C round of funding led by Tencent, with participation from existing investors including Innovation Works and SAIF Partners.
The site had had some 17 million registered users and approximately 100 million monthly visitors as of March 2015. (via Jiemodui.com)
ZTE Cloud, the cloud services brand of the telecom equipment and systems giant launched today, is targeted at SMEs. (via Sina Tech)