China Tech Newsletter – Jan. 20, 2016

LeEco, formerly LeTV, makes India debut with three smartphone models.

LeTV smart TV shipments have reached 5 million. The first-gen model was launched in May 2013.

The company also announced today to invest some RMB7 billion (USD1B) into professionally-generated video content.

Fenqile, which provides installment payment plans to college students, announces an issuance of RMB200 million (USD30M) of asset-backed securities.

TAL Education Group invests in New York-based adaptive learning company Knewton.

Hong Kong-based FinTech startup WeLab announces US$160 million in Series B funding.

Alibaba’s Aliyun launches a series of big data services. — China Daily


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