Tech China Post #48

November venture capital in China reached $2B (link)

UBS is launching a digital hub in Hong Kong to connect fintech startups in the region and UBS high net worth clients. To date, UBS has invited about 100 startups into their digital hub. (link)

The biggest VR entertainment park has opened in China. With 134-hectare space, the park has more than 35 VR enabled attractions inside the park. Most analysts believe that China is one of the earliest adopters of AR and VR, and the domestic market could become multi-billion by 2020. (link)

Deutsche Bank is exploring the use of WeChat to engage with commercial and private banking clients. WeChat has at least 980 million active users. Deutsche Bank has a long history in China, establishing presence in 1872 with offices in key cities. (link)

China unveils three-year plan to boost manufacturing sectors: state planner