China Tech Newsletter – Jan. 8, 2016

Lenovo will launch a smartphone with Google’s Project Tango built in this summer. — The Verge

Beijing Enlight Media (SZ:300251), in which Alibaba Group bought a stake in March 2015, announces to invest additional RMB68 million (roughly US$10M) into Caiyun Online (not official translation), the parent company of music streaming service Duomi. After this deal completes Enlight Media Group will hold 13.6% in Caiyun Online.

Duomi claims to have 25 million monthly active users and about 5 million daily active users. Caiyun Online was established in May 2010.

Chinese Hoverboard Booth Raided by U.S. Marshals at CES — Bloomberg


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