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China Daily Brief

China Tech Daily Briefing (Apr 02)

Apr 2, 2019 by The Passage Team
China Tech Daily Briefing (Apr 02)
  1. Alibaba and deny news that it grabbed 5% share in electronic appliance company Gree.

  2. Tencent Holdings proposes to buy back 10% of its shares.

  3. Chinese drone maker Ehang delays IPO plans, eyes private funding, according to Reuters.

  4. Ant Financial to reportedly takeover Hangzhou-based wealth management company Hundsun Technologies.

  5. Tencent and Netease miss out again on new round of license approvals.

  6. Alibaba and Ant Financial contributed USD 7.7 billion in taxes in 2018.

  7. TECNO Mobile sells more than 100 million smartphones in 2018, revenue hits USD 3.36 billion.

  8. Lenovo had the largest international market share in PC sales last year.

(Reported by Shuyue Li, intern at 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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