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Daily Briefing

China Tech Daily Briefing (Aug 15)

Aug 15, 2018 by Ruiyao Luo
China Tech Daily Briefing (Aug 15)
  1. China's co-working unicorn Ucommune seeks to raise USD 200 million in the next (series-D) funding round.
  2. The Chinese government issued a warning and imposed fines on major short-video APPs like Kwai and Tiktok for broadcasting inappropriate content.
  3. Vehicle rental startup CAR Inc earns USD 446 million in 2018 H1.
  4. The stock price of multiple Chinese tech companies in NASDAQ continued to drop this week.
  5. Sequoia China is raising USD 5.81 billion for new last-stage investment fund.
  6. China catering company Panda Selected closed series-B funding round. The amount raised was undisclosed.
  7. Alibaba bought Turkish e-commerce startup Trendyol with USD 750 million.
  8. Former Baidu COO Lu Qi joins Y Combinator China as its founder and CEO.
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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