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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]
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19-Jun-19 Telecom firms are driving 5G initiatives in tele-diagnosis, remote surgeries and smart hospitals across China. As China deals with its ageing society, healthcare will increasingly become a priority area for 5G applications in an effort to reduce care costs. [image: Xinhua]
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12-Jun-19 Waterdrop, a Chinese online insurance platform backed by Tencent, has raised more than a billion yuan (USD145 million) in funding led by PE firm Boyu Capital. Waterdrop started as a healthcare crowdfunding platform before branching into online insurance sales. [image: AP Photo / Mark Schiefelbein]
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04-Jun-19 Deposits of lithium ore have been found in China’s Yunnan province, estimated at 5 mn tonnes. The new deposits have the potential to shed China's reliance on imported ore and accelerate Beijing’s electric car drive. [image: Getty Images]
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03-Jun-19 The 'older' Asian countries (eg. Japan) spend 7-10% of GDP on healthcare. Given its older population, China’s expenditure will need to increase to those levels, suggesting that healthcare spending would grow at 9.3% to reach USD1.7 tn by 2028. [image: Global Demographics]
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