China Tech Newsletter – Nov. 4, 2015

GHOSTDRONE 2.0 (image credit: Ehang)
GHOSTDRONE 2.0 (image credit: Ehang)

Drone maker Ehang launches its second-gen product GHOSTDRONE 2.0, which has an accompanying virtual reality headset.


UK-based luxury smartphone maker Vertu has been sold to Chinese investors, as first reported by Financial Times.

Engadget found out that the Hong Kong-based buyer of Vertu has been developing a secure smartphone operating system called GOS.


American users will be able to use ride-sharing service Lyft in China through Didi early next year the soonest, John Zimmer CEO said yesterday in an interview with MorningPost in Beijing. (via MorningPost)


Alibaba’s Ant Financial Services Group is buying a stake in Tebon Securities. The deal is waiting for approval from authorities.

Sina Finance reports that Ant Financial is seeking a controlling stake in Tebon. (via Sina Finance)


Game developer OurPalm (SZ:300315) has invested RMB51 million (about US$8.2M) for a 15% stake in book copyright licensing agency Dashenquan.

Founded in March 2015, Dashenquan represents several best-selling Chinese fiction writers, licensing their works to game developers, film or TV program producers, and online/mobile reading services.


LY.com, the online travel company in which Tencent has a stake, announces a joint venture with H.I.S., one of the leading travel agencies in Japan. (via Sina Tech)

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