China’s startups
News in June 2019
Today’s startup news:
on LinkedIn, on Twitter and on Facebook
- China: ‘Cybersecurity research firm survey of Huawei equipment discovers 55% of Huawei hardware devices tested contained at least one backdoor access point.’
- China: An overview of Alibaba’s moves to enable SMEs to act like MNCs in terms of cross-border transactions
- China: The Bytedance Report, June 2019 – pdf download
- An overview of China’s growing challenges with protecting the elderly online
- China: Yiwu city, world’s largest wholesale market, becomes second hub in Alibaba-led Electronic World Trade Platform, to aid SMEs go global via e-commerce
- China: WeChat boosts offering to B2B mini-program providers, aiming for service providers to upgrade from technical supporters to full solution providers, in-app
- China: Search engine company revenues estimated to hit US$22.98BN by year-end 2019, and US$26.63BN next year
- Cybersecurity report alleges Huawei equipment is far more vulnerable to security hacks than rival equipment
- China Wanxiang auto manufacturing giant partners PlatOn blockchain firm for data infrastructure build for $29BN smart city project, set to be China’s largest
- China: Huang Bao Che Trip tour guide service firm raises $50M with coverage across 1800 cities in 90 countries
- Walmart China launches blockchain-based platform to address food safety concerns, in partnership with VeChain, PwC and others
- China likely to lose pole position as the world’s biggest gaming market due to 9-month ban on new games approvals last year
- China’s AutoX and Pony AI self-driving vehicle startups prep to offer autonomous rides on California roads
- Huawei reportedly looking to Russian Avrora OS as a replacement for Android
- A look at how Facebook’s Libra cryptocurrency may impact on China’s moves towards state-owned sovereign digital currency
- China: Changsha, capital of Hunan province, issues 49 licenses to 5 self-driving companies to allow road tests for autonomous vehicles
- Mapping China’s Tech Giants – 12 companies, over 1700 points of overseas presence, and more than 17000 data points
- Google investors’ call for China-specific human rights review fails – founders Page and Brin could have wielded effective vetoes
- Apple weighs 15%-30% capacity shift out of China amid concerns around trade war impact
- China: Didi Chuxing ride-hailing giant opens platform to rivals, allowing users to hail from 3rd-party providers as battle for super mobility app crown mounts
- China: BYTON EV startup unveils first images of interior of the all-electric vehicle it hopes to launch later this year
- China: WeRide preps for street launch of 20 5G-connected self-driving Nissan Leafs in Guangzhou
- China’s Nreal founder accused by Magic Leap of stealing AR glasses technology during 13-month employment
- A look at the growth in AI-driven facial recognition and surveillance systems in China’s schools
- China: UnionPay state-affiliated card network to partner Italy’s Nexi to boost in-country acceptance from 65% to 95%
- China: Waterdrop insurtech startup secures $145M in new funding aiming for team build and AI applications in health insurance
- Google appoints former Taiwan manager to MD of Greater China sales in bid to smooth relationship
- China: Fuzhou City offers rent subsidies, development rebates and cash rewards for blockchain businesses in bid to develop hub status
- China: Bytedance hires former Facebook exec as first head of strategic partnerships for TikTok to further boost global reach
- China: Bitmain cryptocurrency mining giant sues Poolin co-founders, former employees, over non-compete agreement
- China: Xiaomi mobile phone manufacturing giant reportedly to set up its own VC firm
- China: STAR Market tech and innovation board launches, aiming to draw high-potential tech companies to list
- MIT Sloan’s look at China’s growing presence in the electric vehicles field, and other next-generation mobility products
- China: Pingpong cross-border e-commerce fintech to invest over $113M in Luxembourg as part of Belt and Road Initiative
- HSBC launches US$880M debt financing fund, GBA+, for high-growth, early stage firms primarily in China’s Guangdong-Hong Kong-Macau Greater Bay Area
- China: People’s Daily state-run media outlet, launches online academy for blockchain technology
- China’s WeChat – a social interaction super-app, and an ever more powerful weapon of social control
- China: AngelHack and Shanghai Makers Hackathon 2019 set for June 15-16 in Shanghai
- China: Internet advertising market projected to exceed US$90BN by year-end 2019, over 80% from mobile advertising
- China: Hupu sports community platform gains $180M investment from Bytedance for 30% stake
- China: JD online retail giant acquires $500M stake in Aihuishou platform for recycling used smartphones, aiming to consolidate with flea-market app
- China’s Tencent leads $35M funding for UK’s TrueLayer open banking platform and payments aggregation system
- China: WISECO fintech raises $94M Series A with big data integration services
- China accused of rigging 5G mobile equipment test in hacker-backed campaign to discredit Western Huawei rivals
- China’s UnionPay, 3rd largest card and payments provider globally, partners UK’s Tribe Payments fintech as part of expansion into European markets
- China: The many ways the CCP suppresses online discourse about the 1989 Tiananmen Square massacre
- China goes all-in on electric vehicles with at least 20 electric-centric versions of Detroit under construction
- China: A broad round-up of the past month’s tech and startup news
- Saudi Arabia launches 5th edition of Seeds for the Future Program in collaboration with China’s Huawei
- Warburg Pincus announces new $4.25BN fund focused on China and Southeast Asia
Each month, Startup News Asia also delivers technology-specific summaries for the month past:
Blockchain & DLT news
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AI news
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Fintech news
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Bitcoin & crypto news
