China Tech Newsletter – Mar. 8, 2016

Ant Financial Services Group, Alibaba Group’s finance affiliate, is raising up to RMB20 billion (US$3.1 bn) at a valuation of more than US$50 billion. — The Wall Street Journal


G-MEI Network Technology Co., Ltd., majority-owned by gaming company 37Wan, has agreed to acquire 10% in Archiact Interactive Ltd., Canada-based virtual reality game developer, for US$3.2 million.


BitAuto reports fourth quarter and full year 2015 results.

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