The version of Google Play for mainland China will reportedly launch this coming March.
The screenshots obtained by local media show that it will accept Alibaba’s Alipay, debit cards and credit cards. (via Lephone.com)
The app generated RMB130 million (USD20M) in revenue in 2015. The startup behind the app is preparing for an IPO on a domestic stock market. (via Sohu Health)
ZTE shipped 56 million smartphones in 2015, falling short of its 60 million target. Smartphone sales in China was 15 million, close to number of shipments in the U.S.. The company’s goal for 2016 is 70 million unit shipments.
LeEco, formerly LeTV, claims to have shipped 5 million smartphones since the launch of its first smartphone series in May 2015, aiming to ship 15 million units in 2016.
Baofeng Mojing, the virtual reality company of Baofeng Technology, announces RMB230 million (USD35M) in Series B round of funding led by CITIC Capital with participation from game developer Tianshenhudong, Baofeng’s investment arm Baofeng Xinyuan, and existing investors including film giant Huayi Brothers.
Huawei and Youku-Tudou, the video streaming service of Alibaba Group, jointly launched 4K Garden (not official translation), a 4K Ultra HD content production and distribution program, and 4K Joint Lab (via Sina Tech)
Game and mobile service developer Kunlun Group has acquired a 20% stake in Woobo Inc., a U.S.-based social robot developer, for USD800,000.
39 mobile virtual network providers had had a total of 20.3 million customers as of the end of 2015, according to the Ministry of Industry and Information Technology. (via C114)