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Daily Briefing

China Tech Daily Briefing (May 10)

May 10, 2018 by Ruiyao Luo
China Tech Daily Briefing (May 10)
  1. GREE’s Dong Mingzhu: I didn’t make mistake betting with Leijun about xiaomi will not beat GREE in turnover in 5 years
  2. Alibaba releases the hit mobile game Travelling Frog Chinese version
  3. Weibo sees 111% increase in net profit in 2018 Q1 year-on-year
  4. Alibaba Cloud Computing’s valuation reaches to US 67 billion
  5. Xiaomi’s valuation declines to US 60-70 billion
  6. Bike-sharing startup Mobike to start no-deposit pilot in Hefei city
  7. Hailing service startup didi starts financial service like credit and insurance
  8. Importation fast moving S2B platform Xingyun Global raises CNY 300 million in A round
Ruiyao Luo

Ruiyao Luo is a Beijing-based tech reporter. She focuses on emerging startups and tracks the trends in the startup industry in India and China. She can be reached at

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