China Tech Newsletter – Feb.25, 2016

NetEase reports fourth quarter and full year 2015 results. Online gaming revenues increases 86% year over year for the full year of 2015 to US$2.7 billion.


Alibaba launches Universal Security, which offers a series of financial and mobile security solutions.


LeSports, the online sports content and service provider of LeEco (formerly LeTV), led a US$10 million Series B funding into online lottery operator 8Win.com (aka. Zhangyu Caipiao).


VIPShop reports 65% year-over-year growth in net revenue in the fourth quarter of 2015. Total net revenues increased 74% year over year for the full year of 2015 to US$6.21 billion.


Zhaopin reports results for the quarter ended December 2015.


FANG, formerly SouFun, reports fourth quarter and full year 2015 results.


Didi, the leading transportation network company, is raising at least US$1 billion in a new financing round, valuing it at more than US$20 billion. — Bloomberg


Top five Chinese banks waive charges for mobile money transfers. — SCMP

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