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Tencent’s AI ambition is visible as it challenges Bytedance, Baidu and Alibaba

Tencent today can hardly hide its ambition in AI any more.

Kr-Asia Daily: Shares in Qudian surged 9 percent in their U.S. stock market

Plus, Razer saw a rise of 18 percent in their Hong Kong stock market debut. Qualcomm rejected Broadcom’s $103-billion takeover bid.

Deals | 7-Eleven of new retail era? Unmanned convenience store Xiaomaipu receives 1 million yuan investment

Convenience store is no doubt one of the buzzwords for the Chinese venture investment sector in 2017.

Kr-Asia Daily: Alibaba’s shopping festival smashed its own record with $25.3 billion in sales.

Plus, Singapore’s stock market sees the biggest inflow in a decade. Uber is close to sell its $10 billion shares.

Deals | Tencent led Wonder Workshop’s $41 million funding round

Coding is expected to be the third fundamental subject after Maths and English. Are the children prepared?

Kr-Asia Daily: Toutiao acquires Musical.ly for $1 billion.

Plus, Alibaba is said to invest about $200 million in Indian online grocer Bigbasket.

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