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China Issues 5G Commercial Operations Licenses
MIIT, 6/06/19
China's Ministry of Industry and Information Technology (MIIT) announced today that it has issued 5G mobile communications commercial operating licenses to four companies, including the parent companies of China Mobile (NYSE: CHL; 0941.HK), China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and China Telecom (NYSE: CHA; 0728.HK), as well as to national cable TV network operator China Broadcasting Network Corporation. Read More
SoftBank Invests RMB 220 Mln in Machine Vision Firm 'Malong'
36kr.com, 11/10/17
Shenzhen-based Malong Technology, developer of machine vision platform ProductAI, recently announced completion of RMB 220 mln in Series B funding from SoftBank China Venture Capital. Read More
China Bans Online Lending Services to Students
Finance Office of People's Government of Jiangxi Province, 6/16/17
China has decided to ban companies from offering online lending services to students, according to a notice issued by the China Banking Regulatory Commission (CBRC), Ministry of Education (MOE), and Ministry of Human Resources and Social Security (MOHRSS) published on the Jiangxi Provincial Government Finance Office website. Read More
Alipay Launches 'Love Insurance'
MyDrivers, 2/10/17
Chinese third-party payment processor Alipay launched a form of love insurance today, underwritten by Beijing-based Answern Property Insurance. Read More
JD.com Launches Paid Scheduled Delivery Service
Zol.com.cn, 11/28/16
Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) logistics service, JD Logistics, recently launched a new paid "Jing Zhunda" service for customers who need delivery to be made within a specific time window. Read More
Sina Weibo Expands Character Limit for All Users from 140 to 2,000
Tencent Tech, 11/14/16
Chinese microblogging platform Weibo (Nasdaq: WB), a subsidiary of Sina (Nasdaq: SINA), has expanded the 140 character limit for posts by regular users to 2,000 characters, according to various reports by regular Weibo users. Read More
Alibaba Bank to Begin Operations in May
TechWeb, 1/28/15
Zhejiang-based Ant Financial Group VP Yu Shengfa has said that planning is underway for the Zhejiang Internet Commerce Bank (Alibaba Bank). Read More
Rumor: China UnionPay to Launch Android NFC Payment Service
Leiphone, 11/25/14
China's cross-bank transaction processor China UnionPay is reportedly promoting a new "Android Pay" mobile payment service to Chinese Android-based smartphone manufacturers, according to industry insiders. Read More
Rumor: China Mobile, Alibaba Partner on Fetion Operation
Tencent Tech, 10/24/14
According to an industry source, China Mobile (NYSE: CHL; 0941.HK) and Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) are planning to establish a joint venture entity responsible for operation of China Mobile's Fetion mobile messaging platform. Read More
Qihoo 360 Targets 10% Mobile Search Query Share by Year-end
ChinaByte, 10/14/14
Qi Xiangdong, president of Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU), has announced that the company is looking to capture 10% of China's mobile search query share by the end of the year, and 30% within a two-year timeframe. Read More
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