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China Daily Brief

China Tech Daily Briefing (Oct 23)

Oct 23, 2018 by The Passage Team
China Tech Daily Briefing (Oct 23)
  1. FF cuts wages by 20% due reportedly due to Evergrande violating fair agreement terms.
  2. Online travel agency Mafengwo sues Shenzhen Hurui Date and Ding Ziqua on data fraud charges.
  3. Tencent stock jumps more than 4%, recovers global top 10 ranking.
  4. Alibaba Health launches AI open platform, 12 medical AI companies join platform.
  5. Bicycle-sharing company ofo announces rental hike for Singapore.
  6. Singapore e-wallet NetsPay and WeChat payment negotiating cross-border payment cooperation.
  7. Alibaba's UC Ads launches short video advertising platform in Indonesia.
  8. Smartisan Technology announces receiving a 600 million D round financing from Alibaba.

(Reported by Wanying Zhang, an intern with The Passage)

The Passage Team

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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