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China Daily Brief

China Tech Daily Briefing (May 16)

May 16, 2019 by The Passage Team
China Tech Daily Briefing (May 16)
  1. WeChat's monthly active users up by 6.9% to 1.112 billion in 2019 Q1.

  2. Tencent’s revenue in 2019 Q1 up by 16% to USD 12.4 billion.

  3. Alibaba's revenue in 2019 Q1 increases by 51% to USD 13.6 billion.

  4. Lending platform Paipaidai earns USD 212 million in revenue and nets USD 102 million in profit in 2019 Q1.

  5. Alibaba steps into home furnishings by investing USD 634 million in Macalline.

  6. Didi's Qingju Bike enters Beijing with 3000 bicycles.

  7. Xiaomi launches vending machine Mi Express in India for smartphones and accessories.

  8. Tencent's monthly average expence on a human resource is RMB 70,000, shows its financial report.

(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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