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China Daily Brief

China Tech Daily Briefing (Apr 10)

Apr 10, 2019 by The Passage Team
China Tech Daily Briefing (Apr 10)
  1. Xiaomi founder Lei Jun earned USD 1.5 billion in 2018.

  2. reportedly plans to lay off as many as 12,000 employees.

  3. Yu'ebao, China's largest money market fund under Alibaba, scraps the purchasing limit for individual accounts.

  4. Chinese video streaming company LeTV may lose its listing on stock market after accumulating significant debt.

  5. Caixin aims to raise up to USD 200 million to finance growth, Reuters reports.

  6. Huawei's foldable Mate X will reportedly start shipping in June.

  7. Telecom Fiji partners with Huawei to roll out new fibre internet network in Fiji.

  8. Zhang Yu, senior VP of flexible screen manufacturer BOE (supplier for Huawei Mate X), says the price of foldable smartphones will drop to around USD 1,490 by 2021.

  9. Alipay says users of its mini-programs have topped 100 million.

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