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China Daily Brief

China Tech Daily Briefing (Feb 21)

Feb 21, 2019 by The Passage Team
China Tech Daily Briefing (Feb 21)
  1. Tencent invested in more than 700 companies in the last 11 years, 63 of which have been listed.

  2. Tencent will not reduce its investing scale in 2019, says president Martin Lau.

  3. Meituan clarifies Dianping will not be merged into its own application.

  4. Huami technology invests in GreenWaves, a star startup in RISC-V area.

  5. MI 9 has been released officially at a starting price of CNY 2999.

  6. For credit card re-payments, Alipay will now charge 0.1% process fee for payments crossing CNY 2000.

  7. ByteDance aims a profit of at least USD 14.9 billion in 2019.

  8. NetEase’s profit in Q4 2018 was USD 28.9 billion, lower than expectations.

(By Carl Zhou, intern with The Passage)

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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