China Tech Daily Briefing (Mar 26)

1. Live streaming app douyu is reportedly targeting NASDAQ listing this summer to raise USD 1 billion.
2. Ofo announces internal corruption case involving RMB 1 million.
3. Alipay to charge process fee for credit payback from today.
4. JD's subsidy company registers for vehicle sales.
5. NASDAQ listed Cheetah Mobile’s revenue reaches USD 745 million in 2018.
6. Luckin Coffee opens coffee shop ‘1999’ beta with Tencent.
7. 22 investors including Tencent, Baidu and VANKE of rental company Lianjia exit.
8. Bytedance said to launch K12 online education product this summer.
9. Oyo China acquires competitor Islands Hotel.
10. Tencent invests USD 800 million in rental company KE.

(Reported by Ruiyao Luo, staff reporter at The Passage)