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China Daily Brief

China Tech Daily Briefing (Mar 18)

Mar 18, 2019 by The Passage Team
  1. Tencent overtakes Google as the fourth largest cloud service provider in Asia in Q4 2018, according to Synergy Research Group.

  2. Alibaba acquires 20% shares in home furnishing company Jiangduoduo.

  3. Video streaming platform iQiyi starts paying producers for short videos.

  4. JD Finance claims the recently exposed system bugs in credit payment were repaired in 2017.

  5. Xiaomi pours in additional USD 500 million investment in India businesses.

  6. Ant Financial-backed AI company Megvii likely to go for IPO within three months.

  7. Early education startup Jiliguala has a user base of 25 million families that have children of pre-school age.

  8. Online credit services provider Qudian's revenue in Q4 2018 grows 20.9% to USD 268.6 million.

(Reported by Mengjuan Li, 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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