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MIIT: 5G Models Comprise 54% of China's Q1 2020 Network Access License Applications
CAICT, 4/27/20
In Q1 2020, as China's mobile phone market continued to transition from 4G to 5G, 5G handset models comprised almost 54% of total new handset product network access license applications submitted during the quarter, according to a newly issued report from the China Academy of Information and Communications Technology (CAICT)'s CTTL Terminal Labs under the Ministry of Industry and Information Technology (MIIT). Read More
JD.com's 7Fresh Opens First "Seven Fun" Lifestyle Space + Convenience Store
JD.com, 12/24/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD)'s 7Fresh fresh food supermarket chain launched the first of its Seven Fun lifestyle spaces today in Beijing. Read More
5G Handsets Comprise 8% of China's Q3 2019 Network Access License Applications
CAICT, 10/29/19
In Q3 2019, as China's mobile phone market continued to transition from 4G to 5G, 5G handset models comprised over 8% of total new handset product network access license applications submitted during the quarter, according to a newly issued report from the China Academy of Information and Communications Technology (CAICT)'s CTTL Terminal Labs under the Ministry of Industry and Information Technology (MIIT). Read More
China Unicom, China Telecom to Co-Build Shared Nationwide 5G Access Network
China Unicom, 9/09/19
China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom (NYSE: CHA; 0728.HK), each of which holds a roughly 20% share of China's approximately 1.6 bln mobile subscriber base, today jointly announced that the two network operators will co-build and co-share a single, nationwide 5G access network. Read More
JD.com Upgrades and Rebrands JD Finance to JD Digits
JD.com, 11/20/18
Chinese B2C e-commerce and online finance giant JD.com (Nasdaq: JD) today announced a major upgrade and rebranding of its JD Finance business to JD Digits (formally Beijing Jingdong Digital Technology Co., Ltd.) The newly restructured unit will work towards integrating advanced digital technologies across not only fintech, but also four other sectors including urban computing, agriculture, campus services and digital marketing. Read More
Online Real Estate Big Data Service Yunfang Data Reveals Series A Funding Details
PE Daily, 5/08/18
Beijing-based Yunfang Data Technology, operator of online real estate big data services platform Yunfang Data, recently said that it completed RMB 20 mln in Series A funding in late 2016 from Shenzhen-based Fortune Venture Capital. Read More
NetEase's AI Unit, Electric Car Maker WM Motor Ally on Connected Car
NetEase Auto, 12/01/17
Chinese internet company NetEase's (Nasdaq: NTES) artificial intelligence business unit (NetEase AIBU) and Beijing-based electric car maker and new energy travel solutions provider WM Motor Technology have signed an exclusive strategic partnership agreement to create an "Internet+" modern smart car. Read More
Anti-fraud Solutions Provider 'Maxent' Lands RMB 50 Mln Series A+ Funding
36kr.com, 6/16/17
Shanghai-based Xingyi Information Technology, operator of online and mobile anti-fraud solutions brand Maxent, announced that it completed RMB 50 mln in Series A+ funding led by DCM Ventures in March 2017, with participation by Series A investor Vertex Ventures. Read More
Fresh Food Ordering App Missfresh Lands USD 100 Mln Series C
36Kr.com, 1/20/17
Beijing-based mobile fresh food app operator Missfresh E-commerce recently announced completion of USD 100 mln Series C funding led by Zheshang Venture Capital (834089.NEEQ) and the Lenovo Capital and Incubator Group, with participation from internet and mobile services firm Tencent (0700.HK), Korean venture capital firm KTB Network, Yuanyi Investment, and China Growth Capital. Read More
Rumor: Tencent Buys Controlling Stake in Online Music Firm China Music Corp
Jiemian.com, 7/14/16
Chinese internet and mobile services firm Tencent (0700.HK) has signed an agreement to acquire a controlling stake in online music provider and digital music copyright redistributor China Music Corporation (Haiyang Music Group) in a cash and asset-injection deal, according to a source familiar with the matter. Read More
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