Jia Yueting, CEO of LeTV(or Leshi), announces that Leview Mobile HK Ltd. , LeTV’s smartphone business established in early 2015, has raised US$530 million in Series A round of funding. Financial terms were not disclosed.
Lufax, the peer-to-peer lender of Ping An, is planning for Hong Kong IPO. — The Wall Street Journal
Baidu, Hillhouse Capital Group and German insurer Allianz SE are establishing a joint venture for internet insurance.