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JD.com Records GMV of RMB 204 Bln Across 11-day Singles Day Sale
JD.com, 11/12/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More
Smart Customer Service System Developer Kavenir Lands RMB 8-digit Series A
iYiou.com, 9/27/18
Suzhou-based smart customer service system developer Yinengtong Information Technology (Kavenir) recently completed RMB 8-digit Series A funding. Read More
Machine Vision Startup Riseye Lands RMB 45 Mln Series A Funding
iYiou, 9/21/18
Shenzhen-based machine vision developer Jingrui Shijue Intelligent Technology (Riseye) recently announced the completion of RMB 45 mln in Series A funding led by Tianjin Bridge Fukai Equity Partnership with participation from Shenzhen Co-Win Venture Capital Investment. Read More
China's Leading Courier Firms Adopt Cainiao's Delivery Person Star Rating System
P5w.net, 7/05/18
Cainiao Network Technology, the smart logistics company co-established by Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) and several other firms, recently said that its delivery staff star-rating system has been adopted by five major Chinese express delivery firms including YTO Express (600233.SH), ZTO Express (NYSE: ZTO), Shentong Express, Best Express (NYSE: BSTI), and Tian Tian Express. Read More
Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses
Happigo, 6/22/18
TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. 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
Xiaomi Forms Independent Handset Camera Department
NetEase Tech, 5/14/18
Lei Jun, founder of Chinese Android device maker Xiaomi, recently sent an internal companywide email stating that as user performance requirements for mobile phone cameras continue to increase, Xiaomi will set up an independent camera department within its handset business division, to help raise Xiaomi's handset camera quality to world-class levels. Read More
Alipay to Provide RMB 1 Trln in Loan Support to Offline Micro Merchants over Next 3 Years
36Kr.com, 5/03/18
Chinese e-commerce giant Alibaba Group's (NYSE: BABA) affiliated third-party payment processor Alipay recently announced a new offline vendor support program, according to which the company will provide services for nearly 100 mln small-scale local merchants throughout China, including offering RMB 1 trln in loan support over the next three years. Read More
Rumor: Chinese Ministry Orders Take-down of All Online Poker Games by June 1
Eastday.com, 4/19/18
China's Ministry of Culture and Tourism is reportedly preparing to launch new regulations on online card games and has required all PC client and mobile app platforms to immediately cease offering downloads of poker games. Read More
Baidu Leads Investment in IoT Solutions Provider Sensoro
iYiou, 4/09/18
Beijing-based Internet of Things sensor maker Sensoro recently announced completion of new funding led by Baidu Ventures and Northern Light Venture Capital with participation by Germany's Robert Bosch Venture Capital (RBVC) and Hundun Capital. Read More
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