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Tencent Leads USD 820 Mln Series C Funding of Humanoid Robot Maker UBTech

DoNews, 5/03/18

Shenzhen-based smart home robot developer UBTech Robotics recently announced completion of USD 820 mln in Series C funding and said that it is now valued at approximately USD 5 bln. Read More

China UnionPay, 20 Banks Launch Virtual Payment Card 'Cloud QuickPass'

Tencent Tech, 12/14/15

Chinese banking network China UnionPay recently announced that it will ally with over 20 merchant banks to launch a virtual payment card called Cloud QuickPass. Read More

Mobile Finance App TongBanJie Lands USD 8-Digit Funding

36Kr, 12/10/13

Tongbanjie Network Technology, developer of mobile finance app TongBanJie, has announced that the company received more than USD 10 mln in first-round funding from IDG Capital Partners (IDGVC) last month. Read More

Chinese Online Finance Platform Wins RMB 60 Mln Funding

Tencent Tech, 10/24/13

Microsoft's China startup incubator program, Microsoft Ventures Accelerator, has announced that Xianzhi Chuangke Technology, operator of online finance platform 91jinrong.com, has received RMB 60 mln in funding from China Broadband Capital and Matrix Partners, among other investors. Read More

Rumor: Alibaba in Talks to Acquire PPTV

Tencent Tech, 6/03/13

According to a number of Chinese-language tech blogs, e-commerce conglomerate Alibaba Group has entered into discussions to acquire Chinese P2P streaming video platform PPLive (PPTV) as the latter's negotiations with internet firm Sohu (Nasdaq: SOHU) have stalled. Read More

360Buy Obtains RMB 5 Bln in Credit for Supplier Financing

Ebrun, 11/28/12

Beijing-based B2C e-commerce firm 360Buy has officially disclosed details of its "Supply Chain Finance Service," announcing it has secured over RMB 5 bln in credit lines from Bank of China, China Construction Bank, Communications Bank of China, Industrial and Commercial Bank of China, China Merchants Bank, and Huaxia Bank. Read More

China's Online Banks Lack Support for Chrome, Firefox

IT Times, 8/06/12

Users of Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform have recently been complaining that users of the Mozilla Firefox or Google Chrome browsers are unable to log into the Industrial and Commercial Bank of China's (ICBC) online banking system, which requires Microsoft Internet Explorer (IE) - and IE 6, rather than the more recent IE 9. Read More

Alipay Spins Off Reward Points Platform

Sina Tech, 12/19/11

Online payment platform and Alibaba Group subsidiary Alipay has announced that it has relaunched its "Jifen Bao" (jf.alipay.com) reward points system as an independent platform. Read More

Alipay Suffers Mass Withdrawals, Service Outage

Beijing Business Today, 10/24/11

Chinese third-party payment processor Alipay has announced on its official microblog account that its platform was the target of large-scale fund withdrawals coordinated by protesting Taobao Mall SME merchants on the evening of October 21. Read More

China's Mobile Banking Penetration Reaches 52%

Communication Information News, 3/30/11

According to the "2011 China Mobile Banking Industry User Survey" recently issued in Beijing by Chinese mobile internet portal 3G.cn, as of February 2011, mobile banking reached a penetration rate of 52.2% among Chinese mobile internet users, compared to 36.8% in July 2010. Read More