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China Daily Brief

China Tech Daily Briefing (Dec 19)

Dec 19, 2018 by The Passage Team
China Tech Daily Briefing (Dec 19)
  1. Ofo users lining up online for deposit refund exceed 10 Mn, pending deposit at least CNY 1 Bn (USD 145 Mn).

  2. Huawei signed 25 5G commercial contracts, revenues to break USD 100 Bn.

  3. Luckin Coffee partners with Meituan app in 21 cities.

  4. Hong Kong launches first cryptocurrency payment platform CSPay.

  5. Light electric vehicle battery-sharing brand E-huandian raised over CNY 300 Mn in B round financing.

  6. Alibaba's fintech product Yuebao profits CNY 170 Bn (USD 24.65 Bn) in five years since its establishment.

  7. JD logistics launches premier delivery services in 9 cities.

  8. Baidu restructured technical system, Yin Shiming headed cloud group ACG.

(Reported by Mengjuan Li, an intern with 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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