“Pan-entertainment” iQIYI is no longer just a video site

iQIYI is bidding goodbye to being merely an online video site, aiming to build an open pan-entertainment platform.

Uber China dismisses rumor of LeTV acquiring its controlling stake

Chinese video streaming site, LeTV, was rumored to invest one billion USD acquiring a controlling stake of Uber China.

Alibaba’s Tmall to operate a health care business with AliHealth

Alibaba's medical subsidiary AliHealth inked a three-year service agreement with Alibaba's e-commerce platform Tmall to operate the health care businesses of Yao.tmall.com.

Tencent now owns the largest online music business in China

ChinaMusic Corporation and QQ Music’s digital audio business will merge and Tencent becomes the biggest winner.

Huawei joins hands with China UnionPay to launch Huawei Pay

After engaging the Bank of China as its first partner for its mobile payment service, Huawei has added a new partner and is one step closer to Huawei Pay.

Xiaomi will unveil the Redmi Pro and maybe the Mi Notebook on July 27

In the upcoming product launch next Wednesday, Xiaomi will unveil its flagship Redmi Pro smartphone and possibly the Mi Notebook laptop.

Can Huawei still lead the industry with its lingering supply chain issue?

Huawei is trying to figure out how to improve its supply chain, possibly by making its own smartphone components.

Lenovo CEO: we are not afraid of Huawei tapping into the PC market

After China’s top phone maker Huawei announced that it will launch its PC business with the newly-released MateBook tablet, the CEO of Chinese PC giant Lenovo responded that it is not afraid of this aggressive competitor.

Didi Chuxing secures a whopping USD 7.3 Billion in financing

Didi finally announced the amount of its latest round of funding, and it indeed is larger than that of its rival Uber.

New JD.com strategy announcements come on the heels of Q4 net losses

JD.com reported booming revenue growth in Q4 2015, breaking Wall Street analysts’ expectations, while net losses for the company increased to more than 15 times the same period in 2014.

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