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China Daily Brief

China Tech Daily Briefing (Nov 15)

Nov 15, 2018 by The Passage Team
China Tech Daily Briefing (Nov 15)
  1. Chinese P2P lending platform Weidai to launch IPO on 15 November in NYSE.

  2. China’s largest parenting website Babytree to list in Hongkong on 27 November.

  3. Photo editing app Meitu to rid of e-commerce app MeituBeauty by late November.

  4. Many hospitals in China enlist Wechat facial recognition technology to identify patients.

  5. Bytedance’s short-video app Douyin faces USD 144,000 in fine over inappropriate advertisement.

  6. Genetic tech company Huada Gene’s second largest shareholder, Huada Investment sell off 1% of firm’s total share capital.

  7. Autonomous long-haul truck producer PlusAI raises funds from Sequoia Capital China.

  8. Umbrella-sharing company Shenzhen Mobrella gets USD 14.42 Mn strategic investment from Ant Financial.

(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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