China Tech Daily Briefing (Jun 18)

1. Baidu-backed Taihe Music Group to list in mainland China.

2. Huawei's revenue to drop by USD 30 billion yearly in the next two year: Founder Ren Zhengfei.

3. Sales up by 65% in the first hour on JD.com’s June 18 big sale.

4. 60% of brands that sold more than RMB 100 million in Tmall’s June 18 big sale are Chinese.

5. Alibaba proposes stock split ahead of Hong Kong IPO.

6. Short video platform Kuaishou gets access to PDD and JD.com.

7. The total MAU of ByteDance products reaches 1 billion.

8. Meituan's founder Wangxing to reportedly invest USD 300 million in new energy vehicle company.

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