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China Daily Brief

China Tech Daily Briefing (Nov 7)

Nov 7, 2018 by The Passage Team
China Tech Daily Briefing (Nov 7)

1.Luckin Coffee dismisses Reuter’s report about company seeking a fresh financing.

2.Smartisan CEO Luo Yonghao says their Chengdu office didn’t close down, adds company aiming at upgrading research staff.

3.AliOS is cooperating with DingTalk to create a new DingTalk platform that runs on cars which uses voice interaction.

4.The Hanford Faraday Future has 10 managers and directors left in all. A staff says around 60 employees are currently on unpaid leave.

5.Several ofo suppliers stop providing bicycles to the company.

6.LeTV announces that the registered capital has risen from USD 1.99 billion to USD 3.98 billion.

7.SoftBank Vision Fund confirms investing undisclosed amount in China’s ByteDance.

8.Tencent CEO Pony Ma says the company is considering developing a new VR version of Wechat.

(Reported by Diqing Liu, an intern at 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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