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 #39

FINTECH

Alibaba became a wholly-owned shareholder of Taiji Cloud
The registered capital of Taiji Cloud Technology Co., Ltd. is changed from 500,000 RMB to 3 million RMB. The company is wholly owned by Alibaba. Taiji Cloud Technology Co., Ltd. was established in December 2018. Its business scope includes basic software services, application software services, software development, computer system services, etc.
Chirs Tung is the Chief Marketing Officer at Alibaba Group

360 Digital and HuazhangHanchen signed a strategic cooperation agreement
360 Digital Science and Huazhang Hanchen Financing Guarantee Group Co., Ltd. Signed a strategic cooperation agreement to improve the digital financial system of Huazhang Hanchen. Huazhang Hanchen is a leading enterprise in the guarantee industry in Jiangxi Province, which is dominated by state-owned shares.
Jiaxing Zhang is the Chief Scientist at 360 Digital

Nenglian Technology completed A+ round of financing
The investors are Xiyu Capital and Score Capital, and the funds raised in this round will be used for product upgrades. Founded in August 2016, Nenglian Technology is a national high-tech enterprise in China with high-performance blockchain underlying technology and deep application scenarios.

Yunphant Blockchain completed a round B financing of 100 million CNY
Yunphant Blockchain completed a B round of financing of 100 million CNY, which was mainly used for business expansion, team expansion and technology upgrading. The released BaaS platform of Yunphant has taken the international lead in performance, security, privacy interface richness and other aspects, and has applied for more than 30 national invention patents.

Baidu set up cloud computing company in Shanghai
Baidu Cloud Computing (Shanghai) Co., Ltd. was established with a registered capital of 1.5 billion CNY. Its business scope includes technical services, technology development, computer hardware and software and auxiliary equipment wholesale in the field of cloud computing.
Yongming Xu is the GM at Baidu

Ali cloud has been ready to fully service the government and enterprise markets
Ali cloud has served 26 ministries and commissions, 31 provinces and municipalities. Ranking first in China’s financial cloud market, it provides technical services for leading financial institutions such as Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Postal Savings Bank of China and so on.

DATAQIN completed tens of millions of CNY A round of financing
DATAQIN Technology, a Blockchain technology company, completed A round of financing of tens of millions of yuan, which was invested by Wanma Group, Yifang Keda and others. DATAQIN Technology is a start-up company committed to the research and development and application of blockchain technology.
Bob Zhang is the CMO at DATAQIN

Xinkaipu and China Unicom Pay signed a cooperation agreement
Xinkaipu and China Unicom Pay recently signed a strategic cooperation agreement to establish strategic cooperation relations in digital RMB products and solutions, 5G-SIM cards, mobile security business and other fields. The two sides will speed up the business layout of the digital RMB and realize the implementation of the digital RMB in more application scenarios.

BaibaoJun received tens of millions CNY angel round financing
BaiBaoJun, an insurance service search engine, received tens of millions of CNY angel round financing, led by Volderstone Capital. This round of financing will be mainly used to improve the insurance service demand analysis platform. Baibaojun was incubated by Zhongan Technology and positioned as an insurance technology platform for search engine services.

China Copyright Association Releases Blockchain Copyright Service Platform
China Copyright Association officially launched the blockchain copyright service platform, China Copyright Chain. China Copyright Chain can provide copyright protection services for digital works including copyright depositing certificate, infringement monitoring, online evidence collection, letter removal, copyright mediation, rights protection litigation and other whole process services.

China Merchants Bank launched the blockchain portal website
China Merchants Bank Blockchain Portal officially launched. Products China Merchants Bank currently has in the blockchain field: open licensing chain, encryption services, middleware services, storage services, card storage services, points services, smart contract IDE, browser and other tools and services.

Baidu discloses the patent of “investment forecasting method“
Baidu unveiled a patent entitled “an investment forecasting method, device, electronic device and storage medium”, which can more accurately predict the development and changing trend of financial products and provide investors with more reliable financial services.
Yongming Xu is the GM at Baidu

AGRTECH

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 matching supply 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