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China Daily Brief

China Tech Daily Briefing (Apr 01)

Apr 1, 2019 by The Passage Team
China Tech Daily Briefing (Apr 01)
  1. Shanghai becomes the world’s first city with district-wide 5G network.

  2. Huawei will remain private so that it can invest in the future, says consumer business CEO Yu Chengdong.

  3. Video streaming website iQIYI closes the senior convertible notes offering of USD 1.2 billion.

  4. Alibaba acquires Teambition, a collaboration management platform.

  5. Live streaming platform Panda TV has been officially shut down.

  6. E-commerce company announces a net profit of USD 1.98 billion in 2018, up by 216% year-on-year.

  7. iPhone’s price in China down to RMB 500.

  8. Taobao Live reached a turnover of RMB 100 billion in 2018.

(Reported by Shuyue Li, intern at The Passage)

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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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