China Tech Daily Briefing (May 17)

1. Baidu reports its first quarterly loss since 2005, VP for search engine quits.

2. Video streaming website IQIYI suffers USD 270 million net loss in the quarter ended March 31.

3. Coffee chain startup Luckin Coffee to reportedly list in the US with a market value of USD 4.2 billion.

4. Didi asked to withdraw newly-released 3000 bicycles in Beijing city for having no pre-approval.

5. Tencent releases artificially intelligent sign language translation product.

6. TikTok asks users to change their profile if they logged in using a Tencent account.

7. JD Logistics to recruit 5000 employees in 2019 Q2.

8. Honor to launch Honor 20 Pro with four cameras.

(Reported by Ruiyao Luo, staff reporter at The Passage)