China Tech Newsletter – Sept. 27th, 2016

wechatmaidan

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 JD.com. 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 58.com, 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)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s