China Tech Newsletter – Dec. 22-23, 2015

LeVR COOL1 (image credit: LeTV)

LeTV launched today its long-touted virtual reality headset, LeVR COOL1, which is compatible with LeTV’s own smartphones.

LeTV unveiled yesterday its first curved smart TV models.

LeTV plans to begin selling smartphones in India next month. — The Times of India

Huawei’s annual smartphone shipments reached 100 million earlier this month. 30% were shipped overseas, down from 40% last year.

The company has recently opened some 50 retail stores in Chinese counties and their goal is to have stores in more than 1000 counties by 2016. (via National Business Daily and Yicai)

The Alipay account security insurance provided by Alibaba’s finance arm has accumulated 100 million customers since its launch in September 2014. The annual premium is only RMB0.88.

It is insured by Zhong An Online Property Insurance, the online-only insurer jointly established by Alibaba, Tencent and Chinese insurance giant Ping An, or Yong An Property Insurance Company Ltd.

iflytek, the leading Chinese speech recognition solution developer, launches AIUI, a voice-user interface.

The company, which had previously focused on business solutions, also unveiled at its annual launch event a series of consumer-facing services, a suite of voice dictation software and hardware products, and two online educational products based on speech recognition and optical character recognition technologies.

Earphone maker 1More announces 20 million unit shipment since its incorporation in 2013.

1More produces earphones for Xiaomi which has invested in it together with Shunwei Capital Partners, the venture capital firm co-founded by Xiaomi CEO Leijun. ASUS is the other major client of iMore.

Three of the four founding members were from Foxconn. The company has established iMore USA and plans to enter the US market in 2016. (via Sina Tech)

Tencent, which unveiled its virtual reality strategy last month, has launched a developer kit.


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