December 2020’s technology and startup news headlines from China, drawn from the daily Startup News Asia feeds
The China tech news headlines listed here were gathered from a range of free-to-read online news sources, each covering China’s tech startup and funding developments in December 2020 in some way. Headlines listed are each linked to the full news article behind that China technology news headline, delivering an overview of China’s tech startups, along with background info on particular technology developments in China.
Bear in mind that December is a quiet news month for the tech startup space; for a fuller picture of monthly startup news from China and beyond, take a look at 2020 in review.
Startup news headlines from China featured below are drawn from Startup News Asia’s daily tech news feeds, delivered on social media and via mobile app.
- US House of Representatives to vote on legislation potentially forcing delisting of stocks including China’s Alibaba, Pinduoduo and JD over auditing requirements
- China’s Xiongan New Area: “The [JD Digits] system collects not just traditional government data, but also voice and video data and…travel and consumption records”
- US firm KnowSeaFood partners China’s VeChain to use StoryBird, supply chain traceability platform powered by the VeChain blockchain
- China: A 2-part deep dive into Tencent, possibly the biggest company the world knows the least about
- China: An overview of how Ping An, an insurer, became a fintech super-app, built on a 110,000-strong technology development team
- ICYMI: 71-page report concludes that “Up to 90 per cent of live-streaming revenue from YY’s live-streaming platform, YY Live, is fraudulent”
- China: Suzhou city gov’t to distribute 100K virtual red packets for Double Twelve shopping festival as part of digital currency trial, each containing US$31 in value
- China: JD Digits, e-commerce giant’s fintech affiliate, to launch CBDC pilot program, becoming the country’s first online mall to use the digital yuan
- China: Baidu search and technology giant gains approval to test 5 autonomous Baidu Apollo vehicles on public roads in Beijing, a first for the capital
- China: “Mass adoption of the digital RMB would mark a fundamental shift away from commercial digital payment systems like WeChat Pay and Alipay to the central bank.”
- Macau casino operators reportedly approached by regulator to discuss feasibility of using China’s digital yuan to buy Hong Kong dollar-denominated casino chips
- ICYMI: London Stock Exchange-owned FTSE Russell Index to drop 8 Chinese firms following US blacklisting, including Hikvision
- China: Suzhou city’s CBDC trial recipients gain added spending options for ‘digital yuan’ via Meituan bike-sharing platform, Didi taxi service and Bilibili video-sharing site
- China: JD e-commerce giant invests $700M in Xingsheng Selected community group buying platform, part of growing move into emerging online grocery industry
- China: Triastek raises $15M Series A+ with focus on using 3D printing for pharmaceuticals
- China’s TikTok to launch its own TV service across Europe following deal with Samsung, making content available via a pre-installed app
- ICYMI: Brazilian government reportedly looking for a legal way to exclude Huawei from 5G networks in the country
- China: PonyAI gains permit from Guangzhou authorities, allowing testing of autonomous trucks on public roads
- China: JD-built AI system rolled out in Hebei province, automatically adjusting variables controlling coal-fed thermal boilers in power plants
- China: US lawmakers set to back $1.9BN technology swap-out fund, aiming to remove Huawei, ZTE and other designated national security risks from networks
- China: Online financial service providers including JD Digits, Tencent, Baidu halt deposit-taking products in anticipation of tightening regulations on fintech sector
- China: Yumi Granary home appliance startup makes $750K seed bet with smart rice bins, internet-connected storage units
- China: Zuoyebang online education app raises $1.6BN, in part from Alibaba, with online courses, live lessons and homework help for kindergarten to 12th grade
- China: A brief look at G7, logistics and data firm monitoring over 1.8M vehicles, backed by Tencent and aiming to digitize the entire chain from warehouse to delivery
- HK Monetary Authority and Digital Currency Institute of China’s central bank discussing pilot testing of e-CNY, digital renminbi, for cross-border payments
- China’s Huawei in advanced talks with Solomon Islands gov’t to build 200 broadband towers around the country, raising financing concerns and ability to cover cost
- Taiwan, Chips, and Geopolitics: TSMC is a critical part of the global semiconductor supply chain. What does that mean for the US and China’s Taiwan policies?
Asia’s startup news today
Startup News Asia’s all-day news updates on technology, startups and VC funding, looking at 17 primary locations:
• Startup News Asia on LinkedIn
• Startup News Asia on Facebook
