China Tech Newsletter – Dec. 17, 2015

image credit: Alipay
image credit: Alipay

Alipay, the mobile app of Alibaba’s finance arm, has enabled face recognition login on iOS and some Android phone models. It will hopefully be available to all Alipay users by the end of this year.

Lvmama, an online travel service provider, has got listed on China’s New OTC Market (or China’s New Third Board).

The company’s focuses are short-haul/self-guided travel and attraction tickets. It recorded RMB1.4 billion (roughly US$230mn) in total revenue in 2014, up 98% from previous year.

It’s mobile app has had approximately 500 million accumulated downloads and more than 70 million registered user accounts, according to the company. announces partnership with Harbin Bank on auto installment loans.

Wepiao, the company that operates the movie/event ticketing service on WeChat and Mobile QQ of Tencent, and Gewala, one of China’s leading movie/event ticketing services, announce to merge. Tencent is also an investor in Wepiao.

Roit Games, the developer of League of Legends, is now completely owned by Tencent.

Sohu CEO and Chairman Charles Zhang has made a non-bidding proposal to invest US$600 million in cash and convertible debt through a special-purpose entity formed by him and a PE firm.

Microsoft disclosed new details of the joint venture with state-owned China Electronics Technology Group. — The Wall Street Journal


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