China Tech News

ByteDance has recently introduced a new electronic signature and document management application, called Dianzi Qian.

China-based cloud services firm Kingsoft Cloud is set to raise $510M as it IPOs in the US.

Tencent invests an undisclosed amount in Canadian coffee chain Tim Hortons; the firm is aiming to reach 1.5k stores in China.

Smartphone shipments in China rose 17 percent annually last month, 40.8M devices shipped, up 34.8M for April 2019.

WeChat Pay creates a a credit rating, called 'payment points', which is calculated by AI assessment of their consumer records and other factors.

Nielsen Norman Group (NNG) examined the face recognition payments (FRP) services offered to Chinese merchants and consumers by Alipay, WeChat and JD.com in China, of which both convenience and security concern were highlighted by users.

China-based SaaS firm Lingxi raises $6.2M Series A, the startup provides AI-powered decision-assistance tools to the financial services industry.

Alibaba says it will invest ~$1.4B in an AI-powered IoT system for its Tmall Genie smart speaker line.

China-based ride-hailing firm Didi Chuxing plans to test a freight delivery project, follows a downturn in Didi’s main business amid the coronavirus pandemic.

China-based online grocery firm MissFresh E-Commerce is raising ~$510M led by Tencent, the company is valued at $3B pre-money.

China-based Tencent says it will invest ~$70B over the next five years in cloud computing, AI, IoT, cybersecurity, and more.

TikTok and its Chinese counterpart Douyin collectively generated the most in-app revenue globally among non-game apps during April.

Ant Financial has announced to invest US$73.5 million in fintech firm Wave Money as part of a strategic partnership to boost financial inclusion in Myanmar.

Tiktok's creator is rolling out its own in-vehicle infotainment system. ByteDance is building a team to focus on IoV development.

TikTok’s owner ByteDance has fully acquired online medical encyclopedia Baikemy.com at an undisclosed price.