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Focus China News Roundup- Issue #42

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 #42


Tencent Cloud and Boston Consulting reach a strategic cooperation
The two sides will carry out comprehensive cooperation in finance, retail and other fields. The two sides will carry out cooperation projects to jointly help the digital transformation of enterprises.
Li Ni is the Vice President Of Business Development

JD Cloud releases cloud ship of hybrid cloud operating system
JD technology released the hybrid cloud operating system “cloud ship”, and released the industry’s first fully open PAAS ecological “cloud building plan”. Jingdong technology also released seven basic technology products, which greatly improved the infrastructure performance of cloud computing.

Fudata has completed hundreds of millions of round C and round B financing
After the financing, Fudata will increase investment in the research and development of privacy computing core technology, exploring market, accelerating the large-scale application of privacy computing in business and building interconnected ecosystem.

Secidea completed tens of millions of CNY of Round A financing
Established in 2015, Secidea is a security technology enterprise providing application security integrated solutions for the government, enterprises and institutions. After this round of financing, the company will further invest in product development and market expansion.

Alibaba sets up artificial intelligence governance and sustainable development laboratory
The lab will focus on sustainable, reliable, and available AI technologies and applications. By constructing the
trust mechanism of digital economy, Alibaba can punish the behaviors that harm the interests of sellers and buyers, protect and encourage innovation, and promote the healthy development of platform economy.
Vivian Ying is the Senior Operation Director of Alibaba

Maycur completed 200 million of B+ round financing
This round of financing is exclusively invested by CMC capital. This round of financing will be mainly used to increase investment in product and technology research and development, attract excellent talents, strengthen ecological layout and industry research cooperation, and improve the construction of marketing and service system.

Shenzhen to set up data trading market
Guangdong Province will support Shenzhen’s data legislation and promote the pilot project of data equity capitalization and supervision, support Shenzhen to build a data platform for Guangdong, Hong Kong and Macao, and set up a data trading market.

Weixin Technology completed 30 million CNY of Pre-A round of funding
Weixin technology focuses on the application of information technology in the field of supply chain finance. it has developed intelligent data analysis, smart eye bill recognition, blockchain accounting and transaction intelligent matching, risk intelligent analysis prompt and other systems, which have been put online in a number of financial service enterprises.

Jijia completed 180 million CNY of round A funding
The Financing was led by Yunshi capital. This round of financing will be used to upgrade products and services and to explore market. Jijia is a cross-border e-commerce SaaS that focus on large and medium-sized boutique sellers with annual sales of over 100 million.

“Digital Identity and Data Flow Trust Technology Lab” has been established
Shanghai Digital Certificate Certification Center, Fudan University, Shanghai Jiao Tong University, National Engineering Laboratory of Mobile Internet System and Application Security, and Shanghai Cybersecurity Industry Innovation Research Institute jointly set up the Digital Identity and Data Flow Trust Technology Laboratory.

Ibtool completed Round A funding
Ibtool, a provider of automation solutions for document writing and due diligence, raised tens of millions of CNY in Round A funding, led by Meihua Venture Capital. This round of financing funds will be mainly used for the research and development of core products such as Yuxin intelligent writing platform 2.0

Shenzhen launched a pilot project of digital services for capital projects
China Merchants Bank (CMB) has launched a pilot project of digital capital account services
in Shenzhen, with the approval of the State Administration of Foreign Exchange (SAFE). In 9 high-frequency business scenarios under the capital account can submit business materials through electronic means instead of paper.

Digital RMB will be piloted at the Beijing Winter Olympics
The promotion of digital RMB is currently mainly through whitelist invitation, which currently has 10 million users. The central bank will ensure that the impact of the digital RMB system on the macro economy is minimized.


Guangdong Unicom cooperates with Jieyang City for rural revitalization
Guangdong Unicom and Jieyang Municipal Government will cooperate to implement the rural revitalization strategy. The two sides will cooperate in digital agriculture, digital countryside, talent science and education, rural e-commerce and other fields. Guangdong Unicom will build a digital agricultural industry cloud application service platform, an agricultural IoT perception platform, and an agricultural digital operation and management platform to promote the agricultural digital construction in Jieyang City.

Hema signed a cooperation to promote country specialties
This year, Alibaba will promote agricultural products from 100 counties (districts) across the country to enter Hema. With the support of digital technology and sales channels, Alibaba will reduce the cost of matchingsupply and demand information and boost the branding of characteristic agricultural products. The first batch of 10 characteristic counties have signed contracts with Alibaba to obtain its digital support and promote the building of a new supply and marketing system.
Chirs Tung is the Chief Marketing Officer at Alibaba Group

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