Daily Briefing

Briefing: China’s mobile operators granted nationwide 5G licenses

Reading Time: 1 minute China is accelerating in the global race of building a nationwide 5G wireless network. Original Link

Briefing: China’s ‘Nasdaq’ to begin listing in June

Reading Time: 1 minute Unprofitable companies will likely be permitted to raise funds on the exchange. Original Link

Briefing: British telco BT blocks Huawei from core networks

Governments are increasingly wary of Huawei’s presence in their core national infrastructure. Original Link

Briefing: Didi restructures amid safety and monopoly concerns

The murder of two passengers has exposed Didi and China’s ride-hailing industry to increased scrutiny. Original Link

Briefing: Sharp lays off 3,000 foreign staff as it relocates production to China

Many temporary workers hired to assemble sensor components for the iPhone X were foreigners of Japanese descent. Original Link

Briefing: Bytedance in talks with Wall Street for up to $1.5 billion loan

The six-year-old startup is planning a multi-billion dollar initial public offering in Hong Kong next year. Original Link

Briefing: Chinese tech companies cut headcount for non-tech positions

In the third quarter of 2018, IT and internet companies in China reduced positions for hiring by 51% year-on-year. Original Link

Briefing: Amazon China brings special cross border Black Friday sales to China

Amazon’s Black Friday sale is likely to attract more consumers though Alibaba is still leading cross-border commerce. Original Link

Briefing: BMW rides into China’s crowded car-hailing industry

More companies are entering the market, seeing room for growth in China’s ride-hailing industry. Original Link

Briefing: New stock exchange in Shanghai for Chinese tech companies

This is part of a state backed approach to encourage investors to make China technologically independent. Original Link

Briefing: Chinese facial recognition takes top spots in US vendor test

Market leaders like YITU, SenseTime and Megvii have been raised to unicorn status thanks to the market boom. Original Link

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