China Tech Daily Briefing (Dec 27)

1. JD stock rises 3% after announcement of USD 1 Bn stock buyback program.

2. Beijing’s internet court dismisses ByteDance's copyright suit against Baidu.

3. Wen Hongxi replaces Luo Yonghao as Smartisan CEO.

4. Ele.me relaunches purchase and stocking platform Youcai.

5. Netease's e-farming brand Weiyang debuts first global food initiative.

6. Alipay rubbishes reports of its transactions under the scanner.

7. AI education platform PutaoABC secures USD 21 Mn in Angel round.

8. Digital currency trading platform Qubi leads Pre-A investment round in blockchain media Beiwei 31°.

(Reported by Mengjuan Li, an intern with the Passage.)