Chinese Karaoke Solutions Provider Thunder Stone Raises $29M

Chinese consumers love karaoke. A company focused on providing audio and video karaoke systems has just raised more money to meet this rising demand. Beijing-based Thunder Stone Technology, a provider of karaoke on-demand systems and solutions, has raised a RMB200 million (US$29 million) series B round led by China Minsheng Investment Group, according to a company announcement.

Race For 5G Deployments Heats Up Across China

China has launched various 5G scale test and application pilot programs, while local governments are setting 5G coverage schedules and accelerating infrastructure construction, as the country races to seize the advantage of 5G technology, according to multiple Chinese media reports.