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China Daily Brief

China Tech Daily Briefing (Nov 20)

Nov 20, 2018 by The Passage Team
China Tech Daily Briefing (Nov 20)
  1. Q3 net revenue of USD 15 billion falls below analysts’ expectation.

  2. R&D investment increases by 88% year-on-year, says CEO Liu Qiangdong.

  3. Xiaomi’s Q3 revenue increases 49.1% to USD 7.3 billion.

  4. Xiaomi teams up with tech company Meitu to develop phones targeting female users.

  5. Smartphone company Smartisian admits to financial crisis.

  6. Apple has highest market share in China at 21.6%: MobData report.

  7. Bike sharing startup ofo tones down business in the UK.

  8. Huawei introduces 6-inch foldable mobile phone to Korean operators.

(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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