Microsoft Outlook Hacked In China, New Report Finds

China Internet Shutterstock Only a few weeks after Google’s Gmail service was blocked in China, a new report from online censorship monitoring organization released this morning states that Microsoft’s email system Outlook was recently subjected to a “man-in-the-middle” attack in China. This is a form of eavesdropping where the attacker inserts himself in between the… Read More

Meituan, China’s Leading Group Deals Site, Raises $700M At $7B Valuation

China shopping yuan RMB shutterstock Meituan, a group deals site sometimes described as “the Groupon of China,” has raised $700 million at a $7 billion valuation. The company announced the funding on its Weibo page and during a press conference in Beijing on Sunday, but did not disclose its investors. Previous backers include Alibaba Group and Sequoia Capital China. Read More

This Is How Xiaomi Keeps The Cost Of Its Smartphones So Low

xiaomi Xiaomi’s combination of well-spec’ed phones and low price tags drove the company to over 60 million sales last year. That progress saw it replace Samsung as China’s top-selling smartphone company and become the world’s third top selling phone maker in the process. Read More

Chinese Education App XueXiBao Raises $20M Series B From SoftBank And GSR

 XueXiBao, a homework help app, is the latest educational tech startup in China to receive funding. SoftBank China Venture Capital, an arm of the Japanese telecom giant, and returning investor GSR Ventures led a $20 million Series B in the company…

Xiaomi Buys 3% Of Chinese Games And Software Giant Kingsoft For $68M

IMG_9835 Xiaomi became the world’s third largest smartphone company based on sales last year, and it also began investing in companies. Its early investments have largely been in hardware, but today it diversified into software after buying 2.98 percent of Kingsoft for HK$527 million (~$68 million). Read More

China Will Launch A $6.5B Venture Fund To Support Startups

china China’s government will launch a new 40 billion RMB (about $6.5 billion) venture capital fund to invest in seed-stage tech startups. The news comes as investor interest in Chinese VC firms recovers after several years of decline. Read More

Hands On With Xiaomi’s Mi Note Phablet

Chinese Taxi App Company Kuadi Dache Raises $600 Million Led By SoftBank

beijing taxi China’s top taxi-booking apps are locked and ready to go for 2015 after Kuadi Dache became the fourth company in its space to raise new funding in the past month. The company announced a $600 million round led by SoftBank, with participation from existing investors Alibaba and Tiger Global. Read More