China’s startup news headlines in October 2020
The China startup news headlines linked below were gathered from online coverage of China’s technology, startup and VC funding news items in October 2020.
Each China startup news headline listed below is hyperlinked to the online article behind that particular headline, giving readers a ‘quick glance’ overview of China’s startup scene in October 2020, whilst also allowing readers to instantly get to the articles that interest them the most.
China-focused startup news headlines featured here give a wide angle view of China’s startup news; subjects might include, for instance, a Chinese startup gaining VC funding, or a technology development relevant to China generally, and items might focus on anything relevant – cybersecurity, legislation or the activities of a Chinese startup overseas.
- China: Hema, also known as Freshippo and owned by Alibaba, opens its first X member store, direct competitor to Costco and Sam’s Club
- China: An overview of the country’s lag in the software-as-a-service field
- ICYMI: German government avoids outright Huawei ban, but sets IT law bar on ‘high-risk’ vendors at a level that makes participation unlikely
- ICYMI: UK cybersecurity evaluation body last year found “critical, user-facing vulnerabilities” in Huawei fixed-broadband products caused by poor code and old OS
- China: Xpeng Motors, fast-growing electric vehicle firm, to build second manufacturing plant with heavy backing from Guangzhou GET Investment
- China: The Mobile Economy 2020 report is available to download from GSMA, covering the country’s mobile and 5G market
- China: Tencent to take Sogou private (country’s 2nd-largest search engine) merging it with 3 wholly-owned subsidiaries, in retreat from tighter US capital market rules
- China: People’s Bank of China claims to have processed over 3M digital yuan transactions since piloting central bank digital currency, totalling $162M
- UK Government finds ‘clear evidence of collusion’ between Huawei and the ‘Chinese Communist Party apparatus’, likely bringing forward 5G rip-and-replace deadline
- China: Central bank digital currency trials of ‘digital yuan’ set for toy vending machines that accept cashless payments, reportedly in preparaton for 2022 Olympics
- China: 50,000 residents of Shenzhen to receive over $1.5M worth of the upcoming digital yuan as part of public trials, with 3389 outlets reportedly participating
- China: Huohua Siwei education-tech firm secures $100M led by Tencent, claiming 85,000 daily learners for livestreamed online learning
- China: Jointech medical robot developer raises $14.72M with artificial intelligence-driven orthopedic surgical robots focusing on joint replacement surgeries
- China: DODO decentralized exchange raises $5M
- China: 11 gas stations in Shenzen now reportedly accepting digital yuan as part of ongoing pilot scheme, with or without internet connection
- Available now: Attention Factory, The Story of TikTok and China’s ByteDance – 300+ pages of original analysis and reporting on China’s fastest-growing tech company
- China: Huawei enters talks with Digital China Group ands to sell parts of Honor smartphone unit, resetting priorities on high-value activities as US sanctions bite
- China: Alibaba to invest $3.6BN in Sun Art Retail Group, doubling its stake and taking control of China’s largest hypermart chain in move to fend off e-commerce rivals
- China: Enovate EV firm gains $741M in new financing, led by government industry guidance funds and large state-run banks
- China: Huohua education-tech startup gains $100M in round led by Tencent, with AI-powered interactive courses focusing on K-12 students
- China: Bamboocloud secures $44.4M with wide-angle AI-driven identity management and access control suite
- China: Yuanfudao online education firm raises $2.2BN, backed in part by Tencent
- China: Wallets for holding China’s central bank digital currency are already being counterfeited, says head of CBDC research institute
- Download: A risk profile of Ant Technology Group as it approaches what may be world’s largest IPO
- China: TikTok partners Shopify e-commerce company to provide US merchants with advertising options, direct from Shopify dashboard
- China: TikTok parent company ByteDance launches consumer hardware product, Dali ‘smart lamp’ with display, aimed at schoolchildren in move into the education market
- China’s Tencent Music takes minority stake in UK’s Instrumental, data-driven A&R startup
- China: Xiaomi to invest $20M in Dongyi Risheng home improvement firm in push into smart home systems powered by IoT-connected home products
- Pakistan’s telecom regulator bans China’s TikTok over content concerns, adding it to dating apps banned previously including Tinder and Grindr
- A brief look at the 4 finalists selected for the inaugural DBS Foundation Social Impact Prize
- Sri Lanka: Mobitel and Huawei launch country’s first mid-range 5G smartphone
- Nokia selected for Belgium’s 5G networks, ousting Huawei – significant as Brussels is home to the NATO alliance and the European Union executive and parliament
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