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China Daily Brief

China Tech Daily Briefing (Nov 17)

Nov 17, 2018 by The Passage Team
China Tech Daily Briefing (Nov 17)

• Tesla Model 3 pre-selling price in China starts from USD 84,000. It is 2.5 times the rate in US.

• Tencent backed social e-commerce platform Pinduoduo denied allegation that the company inflated revenues and understated costs.

• Alibaba’s investment platform Yuebao drops its 7-Day-yield to 2.5%, reaching its lowest point since 2017.

• O2O platform Motherbuy, affiliate of baby and child food manufacturer Beingmate, completes its first round funding.

• IP solution and product supplier Ruijie Networks announced its completion of Pre-A round financing.

• Huawei plans to launch voice assistant outside China before 5G era comes.

• Tencent-backed Auto manufacturer Uton announced the launch of its first smart-SUV Changan CS8.

(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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