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Tencent, Geely Win Bid for 49% Stake in Bullet-train Wi-Fi Provider

Sina Tech, 6/07/18

Chinese internet conglomerate Tencent (0700.HK) and Zhejiang-based automobile manufacturer and distributor Geely Holding (0175.HK) recently announced that they have successfully completed a joint bid to acquire a 49% stake in bullet train Wi-Fi services provider Bullet Train Networks Technology, a subsidiary of China Railway Corporation. Read More

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

O2O Pharmacy App 'Dingdang' Announces New Retail Strategy

China.com.cn, 8/28/17

Beijing-based Dingdang Medicine Express Technology, operator of mobile pharmacy app Dingdang Medicine Express, recently announced a new medicine and healthcare retail strategy, which will see the company provide more smart services at its pharmacy. Read More

Online Car Rental Platform 'China Car Experts' Wins RMB 2.15 Bln Funding

PE Daily, 12/27/16

Chinese car and bus service provider Shou Qi Group's subsidiary Shouqi Car Rental, operator of online and mobile car rental platform China Car Experts, has announced the completion of Series A+ and Series B funding for a total of RMB 2.15 bln. Read More

China to Start Telecom VAT Trials in April

Tencent Tech, 3/06/14

According to draft legislation submitted by China's Ministry of Finance (MoF) to the National People's Congress (NPC) for deliberation yesterday, the MoF will implement telecom industry value-added tax (VAT) trials on April 1, switching telecom operators from a business tax to a value-added tax. Read More

Gehua, Beijing Telecom Launch Free Wi-Fi TV Services

Sarft.net, 11/15/13

China Telecom's (NYSE: CHA; 0728.HK) Beijing subsidiary and Beijing-based cable and broadband operator Gehua CATV Network (600037.SH) recently began a cooperation to offer TV programming via Wi-Fi at the Beijing South railway station. Read More

Government to Shut Down Kingsoft Ticket-Booking Browser Plug-in

Sina Tech, 1/18/13

According to a knowledgeable source, China's Ministry of Railways (MOR) has requested Chinese software developer and online entertainment provider Kingsoft (3888.HK) shut down its train ticket purchasing plug-in for the company's Cheetah browser. Read More

MIIT, Ministry of Finance Release 2012 M2M Subsidy Project List

CCTime, 11/08/12

China's Ministry of Industry and Information Technology (MIIT) and Ministry of Finance (MoF) have jointly released their 2012 list of M2M (Internet of Things) development subsidy projects. Read More

Apple Delays Release of iFlytek Voice Assistant in App Store

CCTIME, 7/06/12

Chinese software firm Anhui USTC iFlytek (002230.SZ) has announced that Apple has delayed the release of iFlytek's mobile voice assistant application "Xunfei Yu Dian" in the iTunes App Store. Read More

Alipay Denies Partnership with Ministry of Railways

Oriental Morning Post, 3/22/12

An industry source reported recently that Jack Ma, chairman and CEO of Hangzhou-based e-commerce company Alibaba Group, had recently led a delegation to visit the Ministry of Railways in preparation for a move by Alibaba's third-party payment processor Alipay into train ticketing. Read More