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China Daily Brief

China Tech Daily Briefing (Nov 14)

Nov 14, 2018 by The Passage Team
China Tech Daily Briefing (Nov 14)
  1. Travel agency Tongcheng-eLong to issue 144 million shares on November 14 in HK to raise USD 230 million.

  2. Out-of-favor Chinese social media site Renren to be sold at USD 20 million.

  3. Office space provider Ucommune raises USD 200 million for overseas expansion in D round funding.

  4. Chinese automaker Zotye establishes subsidiary in California.

  5. ABB to open its largest innovation and manufacturing hub in Xiamen.

  6. First blockchain real estate electronic voucher issued in Hunan Province.

  7. Alipay users can defer payment date of credit debts at a small fee from December 1.

  8. China ranks first in the number of AI-related patent applications.

(reported By Xintong Chen, 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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