China Tech Newsletter – Jan. 6, 2016

image credit: Tencent
YING (image credit: Tencent)

YING, a commercial drone co-developed by Tencent and drone maker ZEROTECH, was unveiled at CES 2016. It’s based on Qualcomm Snapdragon Flight platform.

Videos and photos captured by YING can be directly streamed or uploaded onto Tencent’s social networking platforms, WeChat (or Weixin) and QQ.

It is expected to be available globally in the first half of this year.

image credit: China Daily
image credit: China Daily

More than 30% exhibitors at CES 2016 are from China.

Alipay, DingTalk (or Ding Ding, the team collaboration app of Alibaba) and movie ticket booking app Gewala are adding Uber’s Ride Request button. (via Sina Tech)

The Uber API became available in China in September last year. Travel service, Raven Tech and Baidu were the first to integrate it.

Qufenqi, which provides installment payment plans to college students, has dismantled its variable interest entity (VIE) structure and plans to get listed on a local stock market, according to an internal email obtained by local media.

The company raised approximately US$200 million in Series E round of funding led by Ant Financial Services Group, Alibaba’s finance arm, last year. It has recently raised another massive round of funding that is now sitting on about RMB2.8 billion (about US$450M) cash, according to the email.

Launched in March 2014, Qufenqi claims to have had some 8 million users.

Mate 8, the latest flagship smartphone of Huawei, has shipped more than one million units within one month since launch, according to Yu Chengdong, president of Huawei consumer business group. (via Sina Tech)


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