China Tech News

Chinese smartphone maker Xiaomi signed an agreement with Samsung Display for the supply of OLED screens, which will be used on Xiaomi's flagship smartphones in 2018.

Samsung will supply 6.01-inch rigid OLED panels to Xiaomi. The first batch will be shipped in December 2017. About one million panels will be shipped in the first month and 2.2 million more will be shipped in the second month. Financial terms of the deal were not released.

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ASX-listed Isentia, a global big data company focusing on media monitoring and analyses, has named Alex Yu as the new general manager for its growing Hong Kong operations.

Yu has deep insight in the media sales industry, media groups and mass media, including time with Maxus Communication, HK Cable TV, and JCDecaux Texon. He worked in the advertising sales team of Asia Inflight for 10 years, leading the sales team there to formulate sales strategies and drive business development. He has rich exposure in Hong Kong and China's B2B market and media industry.

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O Luxe Holdings, an investment company in Hong Kong, agreed to acquire the Japanese electric car start-up GLM for JPY12.8 billion, which is about USD113 million.

O Luxe will raise the funds for this transaction by issuing new shares to its shareholders, including the Chinese TV maker TCL.
Hiroyasu Koma, founder and chief executive officer of GLM, said that under the support of its new owner, GLM will be able to raise funds from all over the world to support its research and development. Koma said electric cars are being widely accepted and China is a leader of this industry. However, Japan will still maintain technology advantages within the next five years and they hope to grab a certain share in this market.

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Chinese shared bike company Ofo announced a deal with Adyen BV, a payment technology company in the Neteherlands.
With the cooperation, Ofo's users will be able to enjoy bike riding in markets covered by Adyen by using a single set of payment information. The cooperation does not include the Chinese market, where Alipay and WeChat payment dominate the Internet payment sector.

Ofo plans to enter 20 countries and deploy in 200 cities by the end of 2017. So far, it has only reached 150 cities in five countries.

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Chinese cosmetics e-commerce platform Jumei.com announced that its co-founder and product vice president Dai Yusen has resigned due to personal reasons and the resignation is effective immediately.

Dai also confirmed the news and said he will reveal his next career move later. Chinese media are floating the idea that Dai may enter the investment sector and work for an Internet-related investment organization.

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China's three major telecom operators, China Telecom, China Mobile, and China Unicom, announced plans to cancel long-distance call fee and roaming fees within China from September 1, 2017, which is one month earlier than the deadline set by the State Council of China.

On July 27, 2017, China Telecom's chairman Yang Jie announced that starting from September 1, China Telecom will cancel long-distance call fees and roaming fees within China, which is expected to bring benefits to 80 million users.
Following that, China Unicom and China Mobile also announced the same plans to cancel the long-distance call and roaming fees from September 1.

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Drone maker DJI has reached a deal with its old competitor 3DR, an American drone start-up, in enterprise drone platform development.
Under the deal, 3DR will integrate its enterprise drone platform with DJI's drone products. This integration marks a significant expansion of 3DR's Site Scan platform by allowing customers a choice of hardware.
3DR said that DJI's drones will connect seamlessly with Site Scan, including automatic flight mode, multi-engine cloud processing, and a complete set of tools designed for the construction industry.
In addition, 3DR's new Enterprise Atlas platform will offer a series of enterprise options, such as unlimited cloud storage space targeting flight and mapping data. It also provides different types of storage information in accordance to different roles.
3DR started as a drone manufacturer; however, the company stopped selling its recreational Solo drone in 2015 due to a surplus of drones and a shortage of revenue. After that, 3DR shifted its focus from making recreational drones to selling an enterprise software platform for construction, mapping, and engineering to enterprise customers.
Financial terms of the deal were not released by either party.
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Kalends' operating revenue was CNY1.737 billion during the first half of 2017, representing a year-on-year increase of 41.73%. Of the total revenue, its gaming business contributed CNY1.487 billion, a year-on-year increase of 42.71%. Meanwhile, the revenue of mobile games was CNY1.452 billion, accounting for 97.01% of the total gaming business revenue, and it marked an increase of 50.02% compared with the same period of last year.

The company's self-developed games gained good performance; therefore, the company's flow of self-developed mobiles games improved significantly.

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Alibaba and the government of Macau Special Administrative Region signed a strategic cooperation framework agreement for the construction of smart city services in the gambling mecca in southern China.
Under the agreement, the two parties will use Alibaba's cloud computing and artificial intelligence technologies to coerate in various sectors, including traffic management, tourism, medical services, urban comprehensive management, and talent training.

This project will last for four years and is expected to see initial results in mid-2018. The first phase will be implemented from 2017 to 2019 and it will focus on cloud computing center construction while promoting tourism, traffic management, medical services, and e-government applications. The second phase will be from July 2019 to June 2021 and the two parties will implement cooperation in environmental protection, customs clearance, and economic forecasting, in addition to the further completion of infrastructure.

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China's Didi Chuxing is forming a strategic partnership with Careem, a mobile ride-hailing platform that operates in the Middle East and North Africa regions.

As a part of the cooperation, Didi will make an investment in Careem. However, no financial terms of the deal were made available. Meanwhile, the two parties will implement sharing and cooperation in smart transportation technology and product development and operation.

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