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Zhang Yimou's VR Entertainment Firm Sky Limit Secures RMB 9-digit Pre-A
DoNews, 6/21/18
Beijing-based entertainment company Danghong Qitian International Culture Development (Sky Limit Entertainment) recently announced completion of RMB 9-digit pre-Series A funding led by Shenzhen-based OCT Culture Group with participation by Mango Culture and Innovation Private Equity Fund. Read More
Nine Chinese Handsets Makers to Launch Download-free App Standard
IT Home, 3/15/18
Nine Chinese handset manufacturers, including Xiaomi, ZTE (0763.HK; 000063.SZ), Huawei, Gionee, Lenovo (0992.HK), Meizu, ZTE sub-brand Nubia, Oppo, and Vivo, will launch a "Kuai Yingyong" (literally "Fast Application") standard on March 20 which will replace regular apps in some scenarios. Read More
Baidu Launches Insurance Sales Channel
The Paper, 2/08/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) quietly launched a new insurance sales platform earlier this week. Read More
Former Baidu Research Director's AI Startup Aibee Lands RMB 165 Mln Angel Round
Sina Tech, 1/16/18
Beijing-based Aibee Intelligent Technology, the AI industry solutions firm founded by Lin Yuanqing, former director at Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Baidu Research Institute, recently announced completion of RMB 165 mln in angel funding led by Fosun Kinzon Capital with participation by VCs and individual investors including ZhenFund, China Growth Capital, China Renaissance K2 Ventures (K2VC), Lenovo Capital and Incubator Group, Sequoia Capital, Yonghua Capital and Horizon Robotics. Read More
Inspur, IBM to Form Server Production and Sales JV
Inspur Electronic Information, 9/11/17
Computer and communications hardware and software manufacturer Inspur Electronic Information Industry (000977.SZ) recently announced that it has signed an agreement with US technology firm IBM's China branch to form a joint venture covering the manufacture and sale of servers. Read More
AI Chipset Developer Cambricon Raises USD 100 Mln Series A
AI Era, 8/18/17
Beijing-based AI chipset developer Zhongke Hanwuji Technology (Cambricon) has announced the completion of USD 100 mln in Series A funding led by Guotou Venture Capital Investment Management. Read More
E-commerce Software and Services Provider ShopEx Wins RMB 700 Mln Series D
36Kr.com, 7/27/17
Shanghai-based e-commerce software and services provider ShopEx Network Technology recently secured RMB 700 mln in Series D funding led by Joy Capital. Read More
Update: China Shuts 12,000 Live Streaming Chatrooms over Content Violations
MOC, 6/29/17
China's Ministry of Culture (MOC) recently shut down 11,929 live broadcasting rooms on online live streaming platforms for content violations, and ordered 18,977 live broadcasting rooms to correct rules violations. Read More
Lenovo to Restructure China Operations
Leiphone, 5/15/17
Chinese consumer electronics manufacturer Lenovo's (0992.HK) Chinese operations will be reorganized into a personal computer and smart device group (PCSD) and a data center group (DCG) effective immediately, according to an announcement from Lenovo Chairman and CEO Yang Yuanqing in a microblog post. Read More
E-payment Company Lakala to IPO on Shenzhen's Growth Enterprise Board
Lakala Payment, 3/03/17
Legend Holdings recently announced that e-payment services company Lakala Payment, in which Legend Holdings controls a 31.38% stake, recently submitted an application with the China Securities Regulatory Commission (CSRC) to pursue an A-shares listing on the Shenzhen Stock Exchange's ChiNext growth enterprise board. Read More
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