China Tech Newsletter – Jan. 25, 2016

Huawei’s Android app store, which is preloaded in all Huawei smart devices, had 17.5 billion downloads in 2015, with daily downloads peaking at 140 million.

The company paid out a total of RMB1.5 billion (USD230M) to third-party app developers and partners.

Huawei saw the ARPU for mobile games generated from its high-end flagship phones was 16 times that from low-end models costing RMB1000 (USD150) or lower.

Airbnb saw 700% increase in China last year. — Financial Times

Matrix Partners China, an early-stage venture capital firm, invested in 99 tech startups in the past year, bringing the total number to 300.

LeSports, the sports content and service provider under LeEco (formerly LeTV), has acquired 56% in SodaSoccer, a soccer data service, for RMB39.2 million (USD6M).

Bill Gates’ Corbis Images Sold to Visual China Group — Variety


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