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Focus China News Roundup- Issue #50

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 #50

FINTECH

Tencent Cloud cooperates with DCITS
Tencent Cloud and DCITS will establish a comprehensive strategic partnership. The two sides will cooperate on fintech innovation and jointly expand the market.
Terry Li is the General Manager of Industrial Cloud at Tencent Cloud

Tencent cloud blockchain completed strategic upgrade
Tencent cloud blockchain completed brand new strategic upgrade, based on Chang ‘an Chain to reconstruct Tencent cloud blockchain product matrix. Three new products were released in this upgrade.
Terry Li is the General Manager of Industrial Cloud at Tencent Cloud

Nanjing Qingtian Tax completed hundreds of millions CNY of Round A financing
This round of financing set the highest financing record for this subdivision track. This round of financing will be used to further upgrade the fiscal and tax business ecology, accelerate the national market layout, and continue to maintain significant market competitiveness and leading position in the industry.

Lingxi Technology completed hundreds of millions of CNY of Round C financing
This round of financing will be used for product development and business expansion. Lingxi Technology is a L4 intelligent customer service robot provider. Its core product “Moses Brain” is built on core technologies such as NLP natural language understanding, multi-round dialogue, knowledge graph and deep learning.

Singapore Blockchain Association will cooperate with Ant Chain
The two sides will work together to promote the popularization and development of blockchain technology in Singapore and the entire Southeast Asia region. This is ant chain’s first  
overseas industrial partnership. The two sides will help the industry and society better understand blockchain.

Paraview Software completed hundreds of millions CNY of Round D financing
Paraview Software is a leading identity security service provider in China. It provided identity security services for more than 500 large and medium-sized enterprises in automobile, manufacturing, finance, insurance, securities, retail, education and other industries.
Xiang Tan is the CEO at Paraview

The third China Artificial Intelligence Competition was launched
The competition promotes the innovation and application of domestic AI technology in key industries, and builds a platform for industry collaboration and talent training. Algorithmic governance, artificial intelligence and network security are added to this competition.

China’s first blockchain security monitoring platform released
The platform creatively integrates blockchain, Internet
of Things, big data and other advanced technologies with engineering safety monitoring. By using the imtamability and traceability of blockchain data, engineering safety monitoring data has been linked up, forming a complete and trusted data flow, and enhancing the ability of emergency response and safety accident prevention.

33 provinces and cities in China have issued special policies on blockchain
Among 33 local blockchain special policies, 16 local governments have clearly proposed the establishment of blockchain industry investment funds or sub-funds led by government-owned capital.

RUHR completed a Round B financing of 100 million CNY
RUHR, a provider of secure Internet of Things solutions and system services, completed a round B financing of 100 million CNY. The money will be used to attract talent, research and development, and expand markets.

SoftBank Ventures Asia sets up new company in Beijing
SoftBank Ventures Asia has set up a new subsidiary in China. The new company aims to strengthen its investment leadership in chip design and smart city infrastructure in China.
Joonpyo Lee is the CEO of SoftBank Ventures Asia

AIPM completed tens of millions of CNY pre-A round of financing
AIPM, digital property management service provider, completed tens of millions of CNY pre-A round of financing. AIPM is committed to providing customers with low-cost and efficient non-residential property management services through the integrated management mode of “professional + digital.

Django Robot completed tens of millions of round A financing
This round of funding will focus on r&d team expansion, improving customer delivery  
and new product development. Django Robot has completed two rounds of financing in six months.

Datablau completed 100 million CNY A+ round of financing
Datablau is a professional provider of full process solutions based on artificial intelligence technology in sales and customer service fields. The fund will be used to develop products, expand markets and recruit talent.
Allen Wang is the CEO at Datablau

Sunline Technology corporates with China Unionpay Data
Sunline Technology and China Unionpay Data established strategic partnership. The two sides will jointly strengthen cooperation in credit card core systems, banking core systems and other fintech areas.
Matthew Chen is the Group CEO at Sunline International

AGRTECH

Guiyang starts digital village
Guiyang has made great efforts to build Gui’an into a pilot of digital villages. Guiyang will focus on rural Internet infrastructure, information transmission channels and information service capacity construction to improve the quality of rural communication network.

Jingdong Group and Haiken Group reached a strategic partnership
The two sides will carry out in-depth cooperation on smart agriculture, smart supply chain, warehousing and logistics, industrial platforms and rural revitalization. They will comprehensively promote the development of smart agriculture and advance the reform and development of hainan’s agricultural reclamation.
Daniel Tan is the Vice President at JD.com

Yunnan Agricultural Group Green Food Digital Center was established
The center aims to demonstrate the achievements of “green food, agricultural and forestry resources, and agricultural services” of Yunnan Agricultural Group with digital technology, realize the integration of digital economy and real economy, open up online and offline sharing platforms, and boost the construction of “digital Yunnan”.

Bayer opened its Forward Farm in Asia Pacific
This is the 24th Forward farm that Bayer has established in the world. The farm has completed preliminary construction in eight areas, including integrated pest management demonstration, digital agriculture, product safety management and soil and water protection.

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