NetEase Says Momo CEO Was Corrupt While At Company

NetEase Says Momo CEO Was Corrupt While At Company
At the dawn of Momo's IPO in the States, NetEase released an announcement, declaring that Tang Yan, the founder and CEO of Momo and an former employee of NetEase, had illegal behaviors while working for NetEase.

AliPay released New Payment Function
AliPay said that after the launch of iOS8, it has been communicating with Apple, and launched the payment function with which users could pay by fingerprints. The fingerprints information would not be shared with any third-parties.

Meidi denied partnership with Xiaomi
While Meidi's stock being suspending, it is rumored that Meidi would cooperate with Xiaomi on intellectual electric appliances. Yesterday Meidi denied in front of the media that Meidi “has no idea” on cooperating with Xiaomi.

Taobao Launched New Platform for Second-hand vehicle trading
Consumers will be able to enjoy second-hand vehicle trading and maintenance service online.

(English) Smartphone maker Xiaomi launches new air purifier
Aside from traditional functions, the new Xiaomi product can be connected to a smartphone, allowing users to remotely control the device and receive air quality readings.

(English) LeTV Seeks License to Make Electric Car
Jia Yueting, chairman and founder of Leshi Internet Information & Technology (Beijing) Co., said this week that the maker of Web-enabled televisions has spent the past year developing an electric car and will seek a license to manufacture them in China. Leshi will bank on its experience “managing disruptive change” and is confident of surpassing Tesla in creating the most connected electric car, he said in e-mailed comments yesterday.

(English) Tencent, Dianping invest in Wiwide

Chinese Internet giant Tencent Inc. and Yelp-like review website Dianping.com have invested 300 million yuan (49 million U.S. dollars) in public WiFi service provider Wiwide.com, the companies said on Monday. Wiwide, China's first commercial WiFi operator, currently provides WiFi network services in 30,000 public areas, including 20 airports and 500 chain outlets like Starbucks.

(English) Car Service Apps Could Lift Roadblocks in Reforms, Says Expert

Local governments of Nanjing, Shanghai and Dalian recently banned mobile taxi platforms. Authorities banned the apps because drivers for the service are unverified and could be driving unlicensed vehicles. The Ministry of Transport said on November 27 that car-hailing apps meet a diversified demand in the market and could lead to market-oriented changes to the transit industry.