New stuff from Xiaomi, Tencent, and Alibaba, a batch of new hardware startups, and Snapchat gets support from the far east — here’s our top six stories from China this week.
1. It’s go go go for China’s Sungy, raising over $80 million on NASDAQ debut
One of China’s biggest app development companies, Sungy Mobile (NASDAQ:GOMO), has just listed on NASDAQ. It’s the firm behind the popular GO series of apps like GO Launcher, GO Weather, GO Locker, Go SMS, and Next browser.
2. Check out these 10 new gadgets from HAXLR8R’s hardware accelerator
HAXLR8R, the Shenzhen-based hardware accelerator program, has graduated 10 new teams from its latest 15-week incubator. At an event in San Francisco, the 10 got a chance to pitch to assembled investors and spectators.
3. Snapchat now has a friend in Asia with Tencent investment
Snapchat, the now-you-see-it-now-you-don’t messaging app now has a new buddy in Asia. This is because Tencent’s long-rumored investment in Snapchat has already happened.
4. Just after selling another 100,000 phones in 6 minutes, Xiaomi finally unveils its mysterious new product
The secret’s out – the latest addition to the Xiaomi product line is a wireless router, as CEO Lei Jun indicated two days ago in a mysterious post on Weibo.
5. International users can soon store the entire ‘Breaking Bad’ series for free, 333 times, thanks to Tencent
Tencent, the Chinese tech giant best known for its QQ and WeChat messaging services, announced that it will offer free 10 TB of cloud storage for international users next year.
6. Alibaba doubles down on NFC payments as Alipay partners with major Chinese retailer
Alibaba, the Chinese internet giant that’s quickly expanding into financial services, announced on Saturday that it would partner with Yintai, a major Chinese retailer, to offer NFC payments in its retail stores through Alibaba’s Alipay e-wallet.
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