China Tech Daily Briefing (Jan 15)

1. Tencent’s mobile game Honor of Kings generates USD 1.93 billion in 2018 globally.

2. Tencent’s payment platform Tenpay becomes the first company to get access to The Chinese UPI – NetsUnion.

3. Bytedance launches video messaging app Duoshan.

4. Chinese O2O giant Meituan Dianping to enter online games space.

5. Alibaba-backed AI startup Megvii Technology said to get listed in NASDAQ.

6. Alibaba’s food delivery platform Ele.me denies reports of 26% average commission rate.

7. Beijing prison partners with Alipay for payment and financial service for inmates.

8. Alibaba launches live streaming sponsorship program for farmers on Taobao.

(By Xintong Chen, intern at The Passage)