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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
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
MIIT: China's Total Number of Large-scale Software Enterprises Reaches 37,776 in 2018
MIIT, 2/01/19
As of the end of 2018, mainland China had 37,776 large-scale software enterprises, reports China's Ministry of Industry and Information Technology (MIIT). Read More
Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019
Baidu, 11/01/18
Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. 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
Light Industrial Robot Developer Rokae Secures RMB 160 Mln Series B
iYiou, 9/20/18
Beijing-based light industrial robot developer Rokae Technology recently announced that it has won RMB 160 mln in Series B financing led by Shunwei Venture Capital at a product launch press conference. Read More
Alipay, Taobao Testing Group Buy Function to Rival Pinduoduo
Cnstock.com, 8/07/18
Chinese third-party payment processor Alipay and Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao recently partnered to launch a new group buying function, which can now be accessed through a link at the bottom of the Alipay main page. Read More
Didi Chuxing Pilots In-vehicle Video Monitoring System
Iyiou.com, 7/25/18
Chinese taxi booking and car hire service app Didi Chuxing has been testing out in-vehicle recording equipment in a small number of vehicles operating through its Didi Express and Didi Premier channels, to help resolve disputes between drivers and passengers, and to support rescue operations in case of emergency, confirmed a Didi Chuxing employee speaking with online media outlet Iyiou.com. Read More
Blockchain-based Community Forecasting Platform Yuyan Wins Seed Funding
36Kr.com, 7/18/18
Beijing-based Xinlian Technology, operator of blockchain-based community-based forecasting platform Yuyan, recently announced completion of seed funding from Shanghai-based Tokenmania Asset Management (TAMC), Kylin Capital, Huixiang Fund, Imagination Fund, and Hayek Capital. Read More
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