China Tech Newsletter – Sept. 27th, 2016


WeChat launches Maidan (“Checkout”), a new payment solution for small businesses who were not previously able to integrate the former’s mobile payment capability through the official API.

Now any business only needs to register online to get a QR code for customers to scan and make payments.

Drone maker DJI releases Snail, a drone racing optimized propulsion system.

Toutiao, a leading news and content reader app, has added a shopping channel by partnering with online retailer Users will be able to make purchases without leaving the Toutiao app.

Toutiao claims to have had more than 130 million monthly active users.

Guazi, the used car marketplace backed by, has received a new investment from two new investors, Matrix Partners China and Blue Run Ventures, that brought the total amount of its Series A funding to US$250 million. (via Sina Tech)

Zuoyebang, the K-12 education app backed by search giant Baidu, has completed a US$60 million Series B round of financing led by GGV Capital and Xianghe Capital (not official translation), with participation from existing investors Sequoia Capital and Legend Capital. (via Jiemodui)


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