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China Daily Brief

China Tech Daily Briefing (May 29)

May 29, 2019 by The Passage Team
  1. Toyota to reportedly invest in Didi via its vehicle rental company.

  2. Huawei beats Apple to become second largest in global market share, Samsung on top.

  3. Walmart to open eight Sam's Club store for subscribers.

  4. Huawei gets license for manless vehicle road test in Hangzhou city.

  5. Live streaming platform YY's revenue in 2019 Q1 up by 47.1% to USD 692 million.

  6. The gross profit margin of classifieds website 58.com reaches 90.2% in 2019 Q1.

  7. Second-hand vehicle platform Youxin raises USD 230 million.

  8. Alibaba invests in Indian short video company Vmate.

(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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