China Tech Daily Briefing (Apr 05)

1. State-owned China Construction Bank (CCB) enters fintech partnership with Tencent.
2. Altaba to sell Alibaba shares, shut shop.
3. AI will weaken people's dependence on cell phones in two decades, says Li Yanhong, CEO of Baidu.
4. MIT terminates funding and research links with China’s Huawei and ZTE.
5. Check Point security tracks Xiaomi phones’ security flaw to preinstalled Guard Provider app.
6. Alibaba, Baidu and Tencent remain China's dominant ad players with 60% market share.
7. Hellobike reportedly seeks USD 500 million in funding round.

(Reported by Shuyue Li, intern at The Passage)