China Tech Daily Briefing (Oct 18)

1. Tesla buys lands for Shanghai factory in Lingang Area for CNY 973 million.
2. Smartisan to hold new product launch event in Chengdu on Nov 6.
3. iFlytek’s shares halved in value compared to its November peak last year.
4. Data-powered marketing platform Alimama to launch new marketing product.
5. Two of Tencent’s former executives create new social networks called Pop and Echo.
6. Netease Music launches new livestreaming app, Look Zhibo.
7. Amap partners with Alibaba DAMO Academy to launch AR vehicle navigation system.
8. Tencent invests in self-driving start-up Momenta, which is valued over USD 1 billion.
9. Alipay adopts blockchain technology in public housing funds in Hainan Province.

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