China Tech Daily Briefing (Jan 18)

1. Pinduoduo denies diversifying into logistics.

2. Two co-founders exit from ofo’s subsidiary company.

3. Tencent and Alibaba reportedly plan to put brakes on investments.

4. Tencent Music Entertainment garners rave reviews from JP Morgan.

5. 27 year-old Chen Jiajun new CEO of smart phone manufacturer Coolpad.

6. JD’s digital lending business reaches USD 135.4 billion.

7. Alibaba-backed movies ticket platform Maoyan reportedly targets USD 345 million in HongKong IPO.

8. Huawei respects intellectual property rights, says founder Ren Zhengfei.

(By Xintong Chen, intern at The Passage）