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China’s tech giants take a hit in the public markets.

All you need to know about the tech news today.

Ofo said in April that it wants to serve more than 100 US cities by end-2018. Then, in July, it downsized 70% of its US workforce.

China’s Toutiao, also known as ByteDance, is raising between US$2.5 and 3 billion at a valuation of between $4.5 and 5 billion, sources told local Chinese media, in a round that leads up to a ru

The move shows how Grab thinks about its business diversification.

It’s currently the largest of its kind in China, with a monthly active user of 139 million.

All you need to know about the tech world today.

China’s healthcare market is expected to grow to over RMB 17 trillion (US$2.5 trillion) by 2022.

Singapore’s postal service provider is piloting counterfeiting technology, deploying Alipay across all its post offices by end-2018.

The money will be used to introduce its B2C marketplace SenMall, which features brands like Oppo, Braun, and Unilever.