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Focus China News Roundup- Issue #37

Every fortnight we compile a list of important news updates and events covering the Chinese FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.

For a downloadable copy of China’s Issue #37

FINTECH

IntSig cooperated with UiPath
IntSig Information has reached a deep cooperation with UiPath to jointly launch a smart word recognition +RPA solution. The intelligent character recognition technology is added to the RPA robot to achieve a new breakthrough in the field of intelligent character recognition in the application of scene. The RPA robot can respond in 20 seconds and complete OCR recognition in 1 second.
QingShan C. is the VP of IntSig Information

Fuhe Technology completed a new round of financing of 100 million CNY
Fuhe Technology, a manufacturer of cyber space big data and intelligent security platform, completed a new round of financing of 100 million CNY, led by the National Small and Medium-sized Enterprise Development Fund and followed by Qirong Capital. This round of financing will be mainly used for talent introduction, research
and development investment, market business expansion and other aspects.

Tencent Cloud Computing has set up a new Cloud Chain Technology Company
Tencent Cloud Chain Technology Co., Ltd. was established with a registered capital of 10 million RMB and wholly owned by Tencent Cloud. Its business scope includes technology development of computer hardware and software, sales of self-developed products, operation and maintenance services, information system integration services, artificial intelligence general application systems, network and information security software development, etc.
Terry Li is the GM of Tencent Cloud

Ant Chain cooperated with Chery commercial vehicles
Ant Chain and Chery Commercial Vehicles signed a strategic cooperation
agreement, the two sides will jointly promote the application of blockchain and other technologies in the field of new energy commercial vehicles, and establish a trust system of urban distribution logistics. Chery commercial vehicle business covers vehicle sales, leasing operations and financial services.

Tencent Cloud signed strategic cooperation agreements with Suyin Kaiji Consumer Finance and YunChao Financial Services
The three parties will jointly establish a joint innovation laboratory for consumer finance. They will build privacy fusion computing center based on Tencent Security DSN(Data Security Network) open platform, solve data security and privacy protection problems in data sharing, and explore innovative consumer financial services based on big data.
Terry Li is the GM of Tencent Cloud

Magic Data completed a B round of financing
Magic Data, an AI Data service company, has completed a B round of financing, with the amount of financing reaching tens of millions of CNY. This round of financing was invested by Ventron Capital. The funds from this financing will be mainly used to build MagicHub, an open source AI community covering the world.
Qingqing Zhang is the CEO of Magic Data

Tencent and China Pacific Insurance reached a strategic partnership
The two sides will carry out multi-level technical and business cooperation in fintech, WeChat ecological scene and business innovation, big health ecological synergy and other aspects. They will jointly promote the technological and business digital transformation process of China Pacific Insurance.
William Zhang is the Vice President at Tencent

WakeData raised $25 million in B+ round financing
Wakedata raised $25 million in B+ round financing, led by Tencent and Sequoia China, followed by IDG Capital and Red Dot China. The funding will be used to build core products, improve customer service and delivery systems. Wakedata, founded in 2018, is a digital service provider based on big data and AI technology.
Adam Lao is the Vice President of Sales at WakeData

ChiefClouds has received an investment of over $100 million
ChiefClouds has received an exclusive investment of over $100 million from IDG Capital. After this financing, the company will continue to consolidate its advantages in large consumer goods enterprises, carry out market promotion, and expand the industries and customer types it serves.

AGRTECH

Guannong digital agricultural service platform was launched
Through the technologies of Internet of Things, cloud computing, big data and mobile Internet, Guannong Digital Agriculture Co., Ltd. has built the Little Caw Digital Agriculture Service Platform. Through the online and offline integrated agricultural service system, the cooperation between farmers and processing enterprises has been effectively promoted.

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