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China Tech Digest: Didi Chuxing Raises $1 6B Before IPO; Tsinghua University Established School of Integrated Circuits

Total0 Didi Chuxing raised US$1.6 billion before IPO, according to media reports. JD.com and Uxin make interconnection in full chain service JD Group announced the launch of strategic cooperation with Chinese used car platform Uxin at the JD headquarters. The two parties will make comprehensive and in-depth interconnection in data, technology, used car testing standards and supply chain to optimize the used car trading environment and open a new era of digitalized used car retail. Tsinghua University established the School of Integrated Circuits to solve the shortage of chip talents Today, the School of Integrated Circuits(IC School) of Tsinghua University was inaugurated and established. According to the official introduction, the establishment of IC School at Tsinghua University is an important measure for Tsinghua University to face China’s major strategic needs, focus on key national areas, and accelerate the cultivation of high-level talents in integrated circuits.

Divis Laboratories Ltd up for fifth session

Divis Laboratories Ltd is quoting at Rs 3858.1, up 2.82% on the day as on 12:49 IST on the NSE. The stock is up 64.79% in last one year as compared to a 59.48% spurt in NIFTY and a 44.89% spurt in the Nifty Pharma. Divis Laboratories Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 3858.1, up 2.82% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 3.31% on the day, quoting at 14343.4. The Sensex is at 47932.9, down 3.34%. Divis Laboratories Ltd has risen around 13.11% in last one month. Meanwhile, Nifty Pharma index of which Divis Laboratories Ltd is a constituent, has risen around 8.98% in last one month and is currently quoting at 12995.35, up 0.84% on the day. The volume in the stock stood at 14.6 lakh shares today, compared to the daily average of 7.63 lakh shares in last one month.

Cadila Healthcare Ltd spurts 0 76%, rises for fifth straight session

Cadila Healthcare Ltd is quoting at Rs 518.35, up 0.76% on the day as on 12:49 IST on the NSE. The stock is up 46.53% in last one year as compared to a 59.48% jump in NIFTY and a 44.89% jump in the Nifty Pharma. Cadila Healthcare Ltd gained for a fifth straight session today. The stock is quoting at Rs 518.35, up 0.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 3.31% on the day, quoting at 14343.4. The Sensex is at 47932.9, down 3.34%. Cadila Healthcare Ltd has gained around 17.82% in last one month. Meanwhile, Nifty Pharma index of which Cadila Healthcare Ltd is a constituent, has gained around 8.98% in last one month and is currently quoting at 12995.35, up 0.84% on the day. The volume in the stock stood at 186.65 lakh shares today, compared to the daily average of 33 lakh shares in last one month.

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