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Daily Briefing

China Tech Daily Briefing (Sep 06)

Sep 6, 2018 by Ruiyao Luo
China Tech Daily Briefing (Sep 06)
  1. Cryptocurrency startup Bitmain to raise USD 1 billion before IPO
  2. Social e-commerce Yunjiweidian reportedly to raise USD 1 billion in NASDAQ IPO next year
  3. JD.com’s NASDAQ stock price drops by 10.6%, market valuation down to USD 37.3 billion
  4. Didi Chuxing suffers USD 591 million deficit in H1 2018
  5. ofo reportedly to raise E2-2 round funding from Ant Financial and Didi Chuxing
  6. Bytedance expects to earn USD 6.88 billion from advertisement
  7. Online travel agency Ctrip’s Q2 2018 revenue up 13% to USD 1.06 billion
  8. Internet audio startup ximalaya.com is valued at USD 3.6 billion after E round funding
  9. Alipay’s active users in China reaches 700 million, service to cover whole Japan by 2020
  10. Tencent global community manager Nick Zasowski suspended due to sexual assault accuses
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 Ruiyaoluo@thepassage.cc.

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