China’s tech startup news
China’s tech news: November 2020
China-focused startup news headlines here were collected from online media coverage of China’s tech, startup and funding news across November 2020.
Each China startup news headline below is hyperlinked to the online article behind that headline, giving readers both an instant overview of developments in China’s startup and technology spaces, whilst also connecting readers directly to the full articles that are of most interest.
Startup news articles gathered here aim to provide a wide-angle look at China’s startup news; subjects cover a spectrum from, for example, Chinese startups securing Series-A funding, to Chinese government startup support initiatives.
Items featured are also broader than simply coverage of China’s startups; cybersecurity, regulation and cryptocurrency news from China is also featured, to provide as broad information base.
- China: A brief overview of the Personal Information Protection Law of the People’s Republic of China, released for public consultation in October
- China: Yuemia raises $1.5M pre-A funding with focus on digitization of marketing and streamlining of academic publications in the pharmacueticals and medical industry
- Japan’s trading house Itochu launches online bespoke clothing system with China’s Tozi, providing clothing production using photos and AI-driven 3D imaging
- An intro to the 6 startups selected for the current ProVeg Incubator batch, working on sustainable food solutions ranging from algae-based dairy to vegan chocolate
- China: Tencent hist record of 100M daily users on Honor of Kings mobile game
- China: “The same problems plaguing the yuan will plague China’s digital currency” – a brief look at the challenges for the DCEP
- China: AutoX to expand autonomous driving tests to four more cities; also soon to test technology with Fiat Chrysler Pacifica minivans
- China: ‘Understanding TikTok & ByteDance’, a deep dive taking you behind the scenes at TikTok parent company ByteDance, available to download now
- China: UnionPay payments giant to support cryptocurrency via South Korea-developed crypto with addition of ‘virtual card’, opening up spending via 30M merchants
- ICYMI: 2 European Union bodies found to be using thermal cameras from Hikvision in COVID-19 detection, firm linked to persecution of Uighurs and minorities in Xinjiang
- China: VIPThink / Wandou Siwei education-tech firm secures $180M with focus on online math lessons for ages from 2-12 years, and recent merge with Magic Ears for online English
- China: ByteDance subsidiary takes 11% stake at $170M in Zhangyue online literature firm, app-based platform for novels, magazines, anime and audiobooks
- China: An overview of the 100 top-performing Chinese brands, estimated to have a combined market value of $996BN
- China: Bits x Bites VC firm closes $30M of new $70M fund, focusing on tech in China’s agri-food supply chain
- ProVeg Incubator unveils 5th plant-based foods accelerator intake, including China’s Haofood and India’s Naka Foods
- China: Gov’t intros antitrust guideline to control tech giants, instantly wiping $102BN from Alibaba, Tencent and Meituan stocks
- China: Alibaba e-commerce giant intercepted 2.2BN cyber-attacks in just 24 hours on last year’s Singles Day, deploying 3K specialists and 1258 algorithmic models
- China: Huawei to sell Honor, budget-brand smartphone unit, in $15.2BN deal to consortium including government of Shenzhen
- Ant Group IPO: “Commercial banks…have been losing cash deposits to non-banking payment platforms…Alipay taking 55% of the market and WeChat Pay having 39%”
- China: Yumi Granary lands $750K seed money with tech-enabled rice keepers, seeing untapped market in comparison to Japan and South Korea
- China: Zilliz raises $43M with open-source software for processing unstructured data
- China’s Ping An Smart City and Hong Kong-based Sino Group launch PropXTech program with broad property-tech and real estate tech aims
- China: Baidu search giant to acquire YY Live live-streaming’s China business for $3.6BN in move to diversify from search, and maintain competitiveness with ByteDance
- China: XAG agricultural drone firm raises $182M with six product lines incorporating IoT and unmanned vehicles
- China: Target set for 1M fuel-cell vehicles in operation by 2030, most likely hydrogen-based, despite only 2700 such cars selling in the country last year
- China Construction Bank partners Labuan-based Fusang digital asset exchange for issuance of $3BN worth of debt securities using blockchain tech
- China: Tencent reports that monthly active users of WeChat grew by 5.4% year-on-year to over 1.2BN in Q3 2020
- China: Tsingtech Microvision raises $15M with intelligent driving systems using AI and cloud-based data analysis
- China Construction Bank planned listing of $3BN Bitcoin and dollar-tradable bond via Malaysian cryptocurrency branch has been shelved
- China: Double 12 shopping festival in Suzhou to hold lottery trial digital yuan, following on from recent trial in Shenzhen
- China: PBOC Fintech Research Centre launches, a fintech research institute under the country’s central bank
- China: PBOC Fintech Research Centre launches, a fintech research institute under the country’s central bank
- China: Full Truck Alliance raises $1.7BN with ‘truck hailing’ service connecting truck drivers with shippers, claiming 10M drivers and 5M shippers
- China: Authorities clamp down further on livestreaming, banning virtual gifting for teens, spending caps for users, assigning content moderators, promo campaign registrations and more
- China: Police seize over $4.2BN worth of crypto assets in clampdown on Plustoken Ponzi scheme
- ICYMI: UK Government launches Digital And Tech China website to aid companies in understanding potential risks as well as advantages of working with China’s tech firms
- India: Access blocked to 43 more Chinese apps, including AliExpress and WeDate, for activities ‘prejudicial to sovereignty and integrity of India’
- ICYMI: Romania joins list of countries excluding Huawei from participation in 5G network and developments
- Thailand: Huawei to invest $23M in building its 3rd data centre in the country
- Thailand: FinVest online wealth management platform for retail investors launched by partnership between Kasikornbank and Singapore subsidiary of China’s Lufax
- The ethical questions in facial-recognition research: “…scientists should also acknowledge the morally dubious foundations of much of the academic work in the field”
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