China Tech Newsletter – Dec. 3, 2015

AutoNavi, Alibaba’s mapping company, announces cooperation with Chinese automakers Changan Automobile and Geely. AutoNavi’s in-dash navigation system will be loaded into some eight models of the two automakers.

20th Century Fox and Tencent’s QQ IM jointly launched a series of custom designed emoticons and other virtual items for The Martian, the 20th Century Fox movie that landed in China one week ago.

Online game developer Xinyou has got listed on China’s New OTC Market (or China’s New Third Board).

Founded in 2011, the company generated RMB46 million (roughly US$7mn) in total revenue in 2014, with RMB14 million (roughly US$2mn) in net profit.

46% of the revenues was from Vietnam and a few other overseas markets. 68% of the total were from the two flagship client games and 18% from mobile games.

Sensoro, a developer of Beacon hardware and software, announces US$10 million in Series A funding led by Nokia Growth Partners with participation from Mandra Capital and New World Development Co., Ltd.

iQiyi, the online video subsidiary of Baidu, announces 10 million paying subscribers, “doubling in number since June 15, 2015.”

Baidu is now the default search option in the Kindles and Kindle Fires for mainland China.

Baidu has established an education business unit which currently comprises, an edtech startup Baidu acquired in 2014, and Baidu Wenku, an online file sharing platform.

Baidu Music and Taihe Music Group announce to merge. Taihe represents more than 100 artists, some 120 songwriters and more than 600,000 songs, and owns the copyrights to some 1000 songs.

Qualcomm inks license deal with Xiaomi. — The Wall Street Journal


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