China Tech Daily Briefing (Mar 28)

1. WeChat denies monitoring users’ conversations.

2. NetEase takes Bytedance’s Douyin to court for copyright violation.

3. HK Monetary Authority to award virtual banking licenses to Tenpay.

4. Over 30 companies including animation video website Bilibili join Tencent-led ‘Science-Game Alignment’.

5. Didi-backed Blue Bike raises price for bicycle-sharing service.

6. ZTE incurred a net deficit of USD 1.04 billion in 2018.

7. Online pharmacy delivery company Ddsy.com raises USD 89 million.

8. Music streaming app Boomplay closes A round funding.

（Reported By Xintong Chen, intern at The Passage）