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Electronics Recycling Site Aihuishou Completes RMB 400 Mln Series D

iFeng Tech, 12/21/16

Shanghai-based Yueyi Information Technology, operator of electronic products recycling platform Aihuishou.com (literally "Love to Recycle"), has announced the completion of RMB 400 mln Series D funding in a round jointly led by Cathay Capital and Shenzhen Fortune Venture Capital, and with participation by a number of existing and new stakeholders, including Tiantu Capital, e-tailer JD.com (Nasdaq: JD), Morningside Ventures, Greenwoods Asset Management, and Shenzhen Qianhai Fund of Funds. Read More

Alipay Introduces Tiered Account System Based on Identity Verification Status

Ebrun.com, 6/29/16

Chinese third-party payment processor Alipay recently launched a tiered account management system that will assign different privileges and payment limits to different account classes based on the degree to which the account holder has verified their personal information. Read More

Ant Financial, Hospital Partner on Medical Treatment Installment Plan

iFeng.com, 5/19/16

Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), recently announced that its pay-by-credit service Ant Check Later (formerly Huabei) will partner with Fudan University-affiliated Huashan Hospital to provide medical installment plans. Read More