Tech China Post #44

October venture capital reached close to $900M, excluding the $4B funding in Meituan Dianping.

Microsoft Azure announced that it will triple its presence in China in the next few months through its local partners. Microsoft reportedly has more than 1000 cloud partners and 80,000 enterprise customers.

As part of the Horizon 2020 initiative, China and Europe are committing more than $100M to China — Europe technology innovation programs. Chinese Government committed resources to bring Chinese high-tech companies to participate in Horizon 2020 programs.

Alibaba’s earnings surpassed expectations as e-commerce takes off in China. 3Q revenue grew 61% vs Amazon at 34%. Alibaba is re-investing profits into logistics and advantaged technologies.