China Tech Daily Briefing (Mar 30)

1. Huawei’s FY19 revenue hits USD 113 billion, up 19.5% YoY.

2. Huawei has no plans to go public, says chief legal officer Liuping Song.

3. Baidu to compensate Youku for copyright violations by paying USD 46.9K.

4. Xiaomi gets administrative punishments from Beijing Administration of Industry and Commerce, reasons not made public yet.

5. Huawei, Lenovo, Alibaba, Xiaomi and ByteDance lead ‘2019 BrandZ Chinese overseas top 50 brands’.

6. Tencent integrates its short video platform Yoo with Tencent Video team.

7. Alipay’s mini programs exceed 160k in number; daily active users reach 230 million.

(Reported By Xintong Chen, intern at The Passage)