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Daily Briefing

China Tech Daily Briefing (Aug 02)

Aug 2, 2018 by Ruiyao Luo
China Tech Daily Briefing (Aug 02)
  1. Tencent made 93 investment of US 27.49 billion in H1 2018
  2. Convenience store chain Linjia shuts down hundreds of stores due to capital chain break
  3. Pinduoduo questioned by Shanghai government regulator due to counterfeit issue
  4. Tesla Motors to invest US 5 billion in Chinese market after building factory in Shanghai
  5. WeChat to charge processing fee for credit card repayment
  6. Alibaba to promote in the front page of Taobao
  7. Alibaba’s Hema fresh to open updated store in Shenzhen city
  8. Coffee startup Luckin steps into subsidised light food market
Ruiyao Luo

Ruiyao Luo is a Beijing-based tech reporter. She focuses on emerging startups and tracks the trends in the startup industry in India and China. She can be reached at

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