China Tech Newsletter – Feb.2, 2016

QQ, Tencent’s flagship instant messaging service, has allowed chat group owners to charge members a joining fee. Also, group members can now buy and share emojis during a group chat.

Shanda Group has invested 12 companies in the virtual/augmented reality sector, including virtual reality theme park experience The Void, according to Robert Chiu, president of the company. (via NetEase)

Formerly one of the biggest gaming companies in China, Shanda is now a tech-focused investment company.

Alibaba Group has led a US$793.5 million funding round in Magic Leap, the Florida, US-based augmented reality company .

Xiaomi and Meizu smartphones are now available in the U.S.. — PC Mag

“China is planning a pilot programme to allow selected commercial banks to set up equity investment arms to take direct stakes in technology firms…” — Reuters


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