Here’s this week’s roundup of China tech stories.
Jack Ma announced on August 8 the establishment of the Africa Netpreneur Prize to encourage young Africans to start their own businesses. 800 entrepreneurs, venture capitalists, researchers and policymakers witness the launch of prize at the “Netpreneurs: The Rise of Africa’s Digital Lions” conference in Johannesburg, South Africa.
Taobao, Alibaba’s e-commerce subsidiary, will launch a brand new product this year called Taobao Buy (Taobao Maia). It is incorporated with mixed reality (MR) technology to bring consumers a futuristic shopping experience.
In one month, Chinese Starbucks customers will no longer need to wait in line for their cup of coffee as the coffee giant forms new partnership with the Alibaba Group.
This episode of TechBuzz China is our second of two focused on bike-sharing in China.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
Facebook has registered a company in Hangzhou, China on July 18, as reported in a filing with China’s National Enterprise Credit Information Publicity System.
Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close second to the U.S. with 126 companies.
The logistics platform 58 Suyun announced on July 12 the completion of its first round of fundraising of $250 million, led by InnoVision Capital.
JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.