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China Daily Brief

China Tech Daily Briefing (October 11)

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Oct 11, 2018 by The Passage Team
China Tech Daily Briefing (October 11)
  1. DCM Venture Leads Series B Round in auto parts B2B Marketplace Haoqipei.
  2. Didi to trail driver-passenger bidirectional blacklisting from Oct 18.
  3. Jack Ma ranks first in Hurun China Rich List 2018.
  4. Tencent Invest seeks to raise a new fund over USD 650 million.
  5. Tesla bids for a USD 145 Million plot of land for its Shanghai factory.
  6. Alibaba, Pinduoduo and Qudian stocks plunge over 5%, 9% and 11.3% on Oct 10.
  7. Online entertainment platform Bilibili establishes online e-Sports company.
  8. Fintech solutions provider PINTEC updates 1H’18 revenues to CNY 580 million in IPO prospectus.
  9. Jia Yueting faces judicial disposal of 22 million shares for debt repayment.
  10. Huawei partners Telematics companies PATEO on OceanConnect platform.
  11. Micro blogging platform Weibo processed 6229 fake posts in September.

(Reported by Mengjuan Li, an intern with The Passage)

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The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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