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China Daily Brief

China Tech Daily Briefing (Mar 13)

Mar 13, 2019 by The Passage Team
China Tech Daily Briefing (Mar 13)
  1. Social networking app Momo's shares rise 12% after higher-than-expected financial results.

  2. Luckin Coffee seeks USD 200 million loan before US IPO.

  3. Online payment company Lakala files for Hong Kong IPO; Lenovo is the largest shareholder.

  4. SoftBank plans third investment of USD 1.6 billion in Didi.

  5. Tencent Cloud launches supporting platform for finance businesses.

  6. JD Logistics launches first autonomous stocking system — Miaoshou.

  7. Cross-border e-retailer Red is internally testing social e-commerce project in WeChat's mini-program.

  8. Fintech service provider Lufax valued USD 39.4 billion after Series C.

(Reported by Mengjuan Li, an 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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