Fundings, People and Tech News Digest

RayVio, a California based company specialized in its UV LED water disinfection technology, raised series C $26M from IPV Capital and Tsing Capital, aiming to expanding to the emerging China market. Read more.

Zero Zero Robotics, a Beijing based camera drone maker unveiled its first product Hover Camera and raised $25M from IDG, GSR Ventures, ZhenFund and ZUIG. Read more.

Wepiao.com, a Beijing based company in events ticketing, raised series C, 3 billion RMB (~$461.8M) from Zeus Interactive, Tencent, China Media Capital, China Everbright Group and other investors. Read more.

PayEgis, a Suzhou based company providing security solutions for financial technology companies in China, had a series B financing of 1 billion RMB (~$161.6M) from undisclosed investors according to a network of Chinese business reporters. Read more.

Elaine Chang has been appointed as Amazon China’s new president. Previously she was leading Amazon’s kindle business in China. Read more.

Alibaba’s Jack Ma is in talks to acquire a soccer club AC Milan owned by ex-Italian Prime Minister Silvio Berlusconi according to the site Repubblica of Italy. Read more.

Alibaba sets to help 50 brands with the most sales on its TMall platform for their public listing in China. A food brand, Three Squirrels, has a sales of 2.5 billion RMB (~$385M) in 2015 on TMall. Read more.

The Chinese government aims to increase the number of industrial robots per 10,000 workers from 36 to 150 by 2020. The ratio is 164 in the US, and 315 in Japan now. Read more.

A third party research shows, in the first quarter of 2016, Yidao Yongche barely surpasses Uber as the second largest ride share service provider in China, still behind Didi Kuaidi. Read more.