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Plus, Alibaba is in talks to buy a minority stake in Dailyhunt. Dropbox filed for a USD500 million IPO.

Highlights from the past week, as well as something cool for the weekend.

China is the world’s largest EV market and Tesla holds a 3 percent market share.

China’s largest ride-hailing company is planning to buy over one million second-hand vehicles from online car marketplace Renrenche.com.

Momo might be in urgent need of diversifying its revenue sources.

China’s ride-hailing companies are likely to ignite another price war

Investors prevailing over entrepreneurs in the startup world bodes ill.

Plus, Amazon plans to open as many as six more cashier-less stores this year. Toutiao has reportedly acquired augmented reality-based selfie app Faceu for USD300 million.

“Chinese electric car-sharing is still in its infant stage, facing challenges from the market and regulatory policies.”

Faceu is China’s #3 beauty camera app by market penetration rate.