China Tech Daily Briefing (Feb 27)

1. Hisense to launch its 5G commercial phone in Q3 2019.

2. Lenovo introduces ‘Hyper Video’ technology at 2019 Mobile World Congress.

3. Jack Ma is the richest Chinese in the world with a net worth of USD 39 billion, according to 2019 Hurun Global Rich List.

4. Coffee Box closes stores across big cities, including 50 in Shanghai.

5. Xiaomi appoints Cui Baoqiu as vice president.

6. ByteDance's short video messaging app Duoshan reaches 5 million iOS downloads in first month.

7. Xiaomi to open 150 retail stores in Europe this year.

(By Carl Zhou, intern with The Passage)