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China Daily Brief

China Tech Daily Briefing (Oct 30)

Oct 30, 2018 by The Passage Team
China Tech Daily Briefing (Oct 30)
  1. Tencent Music reportedly to go public in the US on November 15. The company declined to comment.

  2. Bad day for most Chinese company at the bourse; Alibaba nosedives more than 6%.

  3. US media says taxi-hailing company Didi Chuxing’s valuation declines to at least USD 50 billion.

  4. Online travel agency’s listing application is expected to be approved soon.

  5. Smart vehicle company FF vice president Peter Savagian resigns over last week’s dispute with its main investor Evergrande.

  6. Online video streaming platform LeTV posts losses of CNY 1.489 billion in first three quarter’s earning report.

  7. Smart phone maker OnePlus releases its latest smart phone OnePlus 6T in the US.

  8. LeTV: FF CEO Jia Yueting’s 5 million shares were released due to stock pledge.

(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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