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Daily Briefing

China Tech Daily Briefing (Sep 07)

Sep 7, 2018 by Ruiyao Luo
China Tech Daily Briefing (Sep 07)
  1. Baidu apologizes for the US visa agency advertisement after a well-known writer complains.
  2. A quarter of the Chinese population has spent money on Meituan Dianping at some point in time: CEO Wang Xing
  3. Apartment rental agency Ziroom to publish the formaldehyde test report online after accusations of high concentration of the chemical in their rented rooms.
  4. Newly popular social media app Bullet Message to invest USD 146 million in the next 6 months to develop their product.
  5. JD’s NASDAQ share price up 3.61% after 16% drop.
  6. Didi Chuxing spent USD 1.72 billion in customer subsidy and driver bonus in H1 2018.
  7. Luxury e-commerce SECOO’s GMV up 44.7% to USD 250 million
  8. Mobike exits Manchester due to largescale theft and damage of bikes
  9. Fresh e-commerce MissFresh bags USD 450 million strategy investment
  10. Tencent leads the USD 100 million new funding round of Dream11 Fantasy
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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