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China Daily Brief

China Tech Daily Briefing (May 7)

May 7, 2019 by The Passage Team
China Tech Daily Briefing (May 7)
  1. Coffee chain startup Luckin Coffee looks to raise USD 587 million in NASDAQ.

  2. Yonghui Superstores to issue convertible company bonds to raise money.

  3. Pharmacy company Wuxi AppTec acquires America's Pharmapace.

  4. Cellphone company Transsion says HUAWEI and Xiaomi's African entry will not hurt its bottomline.

  5. Tencent to help BTG Hotels Group to digitise its 7,000 offline stores.

  6. New energy vehicle company BYD to supply electronic bus to north Europe's public transportation company Nobina.

  7. AI firm UB Tech to get listed in mainland China.

  8. Meituan's daily food delivery order reaches 25 million.

(Reported by Ruiyao Luo, staff reporter 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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