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China Daily Brief

China Tech Daily Briefing (Dec 13)

Dec 13, 2018 by The Passage Team
China Tech Daily Briefing (Dec 13)
  1. Baidu among 80 plus companies found faking corporate information.

  2. Luckin Coffee raises USD 200 Mn at USD 2.2 Bn valuation.

  3. Tencent Music shares go up by 9% on the day after IPO.

  4. Samsung to shut Tianjin mobile phone factory as its Chinese market share slumps.

  5. Xiaomi undergoes restructuring to focus on Chinese market.

  6. Tencent to shut down WebQQ in January.

  7. Russia passes bill to rein in on digital payment services like Alipay and WeChat Pay.

  8. Food sold on Carrefour, Taobao, Hema Fresh, subpar, finds State Administration of Market Regulation.

(Reported by Mengjuan Li, an intern with 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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