Indian Airforce Accuse Xiaomi of Spying, Issue an Alert​

CITIC 21CN Change its Name to Ali Health

The change of the English name from "CITIC 21CN Company Limited" to "Alibaba Health Information Technology Limited", Alibaba Holding has granted a royalty-free non-exclusive licence to CITIC 21CN to use the names "Alibaba" and "阿里" under limited circumstances. The English stock short name of CITIC 21CN will be changed to "ALI HEALTH".

Last January, Alibaba has agreed to buy 4.4 billion Citic 21CN shares at 30 Hong Kong cents each, taking a 54.3 percent stake. Alibaba said in an e-mailed statement that it will use Citic 21CN’s drug data and Alibaba’s e-commerce, cloud computing and “big data” capabilities.

CITIC 21CN is the only company to hold the pilot licence of third party online sales qualification for drugs, and also retain the unique Chinese drug supervision code system. In a nutshell, CITIC 21cn controls all the data of the whole process of distribution.

Sungy Mobile (NASDAQ:GOMO) President Resigned, Pursue Entreprenuerial Endeavors

In an interview with Huxiu, Mr. Xiangdong Zhang told us he's going to start a business relating bicyle.

Jack Ma Honored With Asia Society's First Asia Game Changer Award

The award was launched this year to identify and honor individuals, organizations and movements that make a positive contribution to the future of Asia in the field of arts and culture, business and education.

Intel's Smart Device Innovation Fund has Made Investments in Five Chinese Companies

Intel's capital arm has invested $28 million in five Chinese companies focused on new generation hardware and related technologies such as wearable and Internet of things devices and components. Companies that received an investment include EyeSmart Technology (developing iris-recognition technology), LeWa Technology (customizing the Android operating system for mobile devices), Shenzhen Fibocom Industrial Development (deals with communications modules for vehicles), Shanghai Ailiao Information Technology (developing communications technology for mobile gaming), and the smart watch company Guangdong Appscomm Digital Technology.

The investments are early stage – a combination of A and B rounds – in companies that have shipping products and customers

Indian Airforce Accuse Xiaomi on Spying, Issue an Alert

The IAF has claimed that smartphones and notebooks manufactured by Xiaomi have been found to send users' private date from these devices to servers based in Beijing. The alert has come with 'medium' severity rating, stated that air warriors and their family members are advised to refrain from using these mobile devices.

Xiaomi is also facing an investigation in Taiwan for alleged cyber security threat last month and the Taiwan government is in the process of taking decision to ban the company.