China Tech Newsletter – May 9th, 2016

Dongjia, the online equity crowdfunding platform of online retailer, has raised a total of RMB1.1 billion (roughly US$170 million) from more than 60,000 investors since its launch a year ago. (via 21jingji) saw gross merchandize volume and revenue increased 55% and 47%, respectively, on a year-over-year basis in the first quarter of 2016.

Annual active customers increased by 73% to 169 million in the year ended March 31, 2016, from 97.8 million in the previous year.

YunOS, the mobile operating system of Alibaba, added some 17 million new users in the first quarter of 2016, according to Alibaba.

Partnering with more than a dozen Chinese smartphone makers, Alibaba aims to ship some 100 million YunOS smartphones this year.

Meizu, the smartphone maker in which Alibaba invested US$590 million last year, plans to ship some 15 million units running YunOS this year. (via

Baidu to Restrict Sponsored Search Results After China’s Probe — Bloomberg


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