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China Daily Brief

China Tech Daily Briefing (Oct 25)

Oct 25, 2018 by The Passage Team
China Tech Daily Briefing (Oct 25)
  1. Chinese e-commerce platform Suning.com to raise USD 575 million for its overseas business.
  2. Bike-sharing startup Hellobike is making profit in more than 100 cities: CEO Yang Lei.
  3. Tencent announced that its public transportation users using scancode exceeds 50 million.
  4. News aggregator Toutiao’s parent company Bytedance has completed Pre-IPO financing round at an estimated value of USD 75 billion.
  5. Home appliance company Midea acquires its smalltime competitor Little Swan for USD 2 billion.
  6. Online travel agency Mafengwo to close its new funding at an estimated valuation of USD 2 billion.
  7. Huawei denies stopping experienced recruitment in China. "Will continue to recruit talents across the globe, it says.
  8. JD.com settles a strategic cooperation agreement with vehicle service platform Chewawa.

(Reported by Wanying Zhang, an intern at 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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