China Tech Daily Briefing (Apr 09)

1. Gree Electric plans to sell 15% stake worth USD 6.4 billion.
2. So-Young International, a Chinese online marketplace for plastic surgery, files for USD 150 million IPO.
3. Huawei’s EMEA market smartphone share in 2018 stood at 14.65%, after Samsung and Apple.
4. Tencent launches WeGame store internationally.
5. Tencent adds medical services to WeChat.
6. Huawei is reportedly ‘open’ to selling its 5G modems, but only to Apple.
7. Hellobike has raised prices from 1 yuan (USD 0.15) per half-an-hour to 1 yuan per 15 minutes for users in Beijing.
8. Chinese electric vehicle maker Nio Inc. and its executives face multiple class action lawsuits in the US.

(Reported by Shuyue Li, intern at The Passage)