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Golden Bull Posts H1 2019 Net Loss of USD 6.5 Mln

Golden Bull, 1/30/20

Golden Bull (Nasdaq: DNJR), which formerly operated an online peer-to-peer (P2P) lending platform in China that provided borrowers access to short-term loans, today announced its financial results for the six months ended June 30, 2019. Read More

AI-based Military and Police Training Systems Firm Tomee Lands RMB 30 Mln Pre-A

36Kr.com, 6/11/18

Shenzhen-based civilian and military AI solutions provider Taomi Technology (Tomee) recently announced completion of RMB 30 mln in pre-Series A funding from Xiamen-based Zhongjing Huanyu Equity Investment Fund. Read More

Alibaba Developing Connected-Car Facial Recognition Application

Tencent Tech, 6/05/18

Chinese internet conglomerate Alibaba Group (NYSE: BABA) is currently researching implementation applications for in-vehicle facial recognition for its AliOS operating system. Read More

Security-Focused Facial Recognition Solutions Provider Sensingtech Wins RMB 9-digit Series B

NetEase Tech, 6/01/18

Beijing-based facial recognition solutions provider Shenxing Technology (Sensingtech) recently announced the completion of RMB 9-digit Series B funding led by Cash Capital with participation from SDIC Capital, and Keytone Ventures, as well as Series A investors Matrix Partners China and Fosun Kinzon Capital. Read More

WeChat-based Identity Card Pilots in Guangzhou, to Expand Nationwide in January

Southern Metropolitan News, 12/25/17

Chinese internet conglomerate Tencent (0700.HK), in concert with more than ten Chinese government and commercial organizations including the Guangzhou Public Security Bureau's Nansha district office and China Construction Bank, recently formed a new "Weijing Yun Lianmeng" ("WeChat-Police Cloud Alliance") in Guangzhou to develop a national WeChat-based identity card system called "Wang Zheng" (literally "Network ID"). Read More

360 Enterprise Security, China Aerospace Ally on Big Data, Cloud Computing

ChinaNews, 12/08/17

China Aerospace Science & Industry Corporation subsidiary Hangtian Guangda Technology and enterprise internet security services firm 360 Enterprise Security Group, an affiliate of Qihoo 360 established in 2015, have formed a comprehensive strategic partnership to enhance their competitiveness in big data, cloud computing, smart city, internet+, online security, and civil-military integration. Read More

Tencent Partners with City of Wuhan to Launch Unmanned Police Station

Sohu, 11/07/17

Chinese internet and mobile services firm Tencent (0700.HK) and the Wuhan Public Security Traffic Management Bureau have partnered to develop China's first unmanned police station, which will be put into use not far into the future. Read More

Update: Alibaba Launches 'City Brain 1.0' Smart City System Management Platform

China Securities Journal, 10/11/17

Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) has announced the launch of version 1.0 of its "City Brain" project for smart city system management following a year of testing in Hangzhou. Read More

Sex Toy Shopping App 'Touch' Halts Operation of Sex Doll Rental Service

Lieyunwang, 9/18/17

B2C sex toy and lingerie m-commerce and SNS app "Touch" has halted operations of its recently launched shared sex doll rental service after being fined by authorities. Read More

58.com to Prohibit Sales of Bikes Belonging to Bicycle Sharing Apps

Sina.com, 12/15/16

Bikes made available through mobile bicycle sharing apps "ofo" and "Mobike" have been appearing for sale by third parties on used goods classifieds platforms, with asking prices reaching up to RMB 2,000 per bike. Read More