News headlines below each link to articles reported online in July 2020 focusing on China’s startup ecosystem
The China startup news headlines listed below each link to the full online article for that startup news item, and cover technology-focused aspects of China’s startup ecosystem. This provides Startup News Asia readers with two things: an at-a-glance overview of China’s startup news and a one-click link to more information for each item.
- China: Xpeng Motors electric vehicle firm becomes first automaker to use AI chip for autonomous driving – developed by US tech company Nvidia
- China: Binance blockchain research institute partners state-run Zhongshan Beidon supply chains firm to jointly develop digital infrastructure for SMEs
- China: Beijing municipal gov’t unveils 20-point plan to boost development and deployment of distributed ledger tech, aiming for global and national blockchain hub status
- China: Cyberspace Administration recently penalized major live-stream platforms over ‘vulgarity and lowbrow content’ and ‘unhealthy values’
- ICYMI: China’s tech, startup and funding news from across June 2020, drawn from Startup News Asia’s daily tech news updates
- China: Didi Chuxing, owner of Uber China, to design and run trial of China’s central bank digital currency on its platform
- China: Cosco Shipping, Shanghai-based logistics giant, to trial Ant Financial’s Ant Blockchain in move to streamline operations and documentation
- ICYMI: Google scraps Isolated Region cloud services plan in China, in part due to regulation requiring foreign companies to JV with local partner
- China: Kuaidian secures $100M with storytelling app operating through dialogue-based text-message format
- China: WeRide becomes country’s first firm to trial fully driverless cars on the open road, and with 5G-enabled remote control system in test cars
- Wells Fargo directs employees to remove TikTok from company mobile devices over concerns around the app’s privacy and security controls and practices
- China: Meishubao online art tutoring platform raises $40M led by Tencent with 5 targeted products and 10M users globally
- China: An intro to Syrius Robotics, autonomous mobile robots firm focused on e-commerce warehousing and now working towards a subscription-based model
- China: Baidu MediaGo advertising platform now provides direct access to premium Microsoft MSN ad placements to partners in China
- China: Beijing municipal gov’t releases 145-page blueprint outlining plan to become blockchain innovation hub over next 2 years, building on Action Plan released in June
- China: Xpeng, fast-growing EV startup run by former Alibaba exec, raises $500M to focus on the country’s rising middle class consumer market
- China: SmartAHC, firm focused on AI and IoT efficiency solutions in pig farming, gains funding from BASF Venture Capital, group’s corporate VC arm
- China Unicom and Singapore’s Singtel to streamline enterprise eSIM deployment for IoT via Bridge Alliance mobile telco association tie-up
- China: “But do STAR [Market] figures add up? A quick scan of key indicators such as price-to-book or price-to-earnings ratios can seem like something from a random number generator…”
- China: State-run Blockchain Service Network integrates with 6 public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum, aiming for global infrastructure lead
- China’s Gobi Partners unveils 64 startups to launch SuperSeed Championship II, Asia’s first sudden death pitching competition
- ICYMI: Morgan Stanley has blocked interns in China from logging on remotely to the bank’s virtual network, citing concerns about cybersecurity rules and system vulnerability
- China: Suzhou City, a pilot location for digital yuan, inks MOU with Cypherium blockchain firm to aid city’s development of blockchain Infrastructure
- Australia: China’s TikTok may be ‘a data collection service disguised as social media’, says deputy chair of Foreign Interference through Social Media inquiry
- ICYMI: United States bans export to Hong Kong of US-made dual-use equipment and technology that could be used for military purposes
- Hong Kong: Telegram messaging app to temporarily refuse data requests from HK authorities until international consensus emerges over new security law concerns
- Hong Kong: “…dramatic decline of…a free and open internet…sets it apart from mainland China where Facebook, Twitter, Google and most major foreign news sites are blocked”
- ICYMI: Indian gov’t bans 59 Chinese apps including TikTok, Helo and WeChat, deeming them ‘prejudicial to sovereignty and integrity…defence…security of state and public order’
- India: Following TikTok ban, Roposo emerges as one of its successors with new instals reaching as high as 500K an hour and expectations of 100M users by month-end
- India: Government bans additional 47 Chinese apps, identified as clones or variants of 59 apps previously banned
- Alibaba Cloud to launch 3rd Indonesia-based data center, aiming to capitalize on corporate moves towards cloud-hosted IT systems
- British government looks to Japan to help build 5G wireless networks without Huawei, naming NEC and Fujitus as potential alternative suppliers
- China’s Oppo smartphone giant, 2nd to Huawei, to sell 5G devices in Japan via KDDI and SoftBank mobile carriers, aiming for global growth as Huawei grapples with US sanctions
- Pakistan Telecommunications Authority issues ‘final warning’ to TikTok and blocks Bigo Live streaming app over ‘immoral, obscene, and vulgar content’
- ICYMI: US House Oversight committee wants Apple and Google to step up security on apps with foreign ties, and warn users about associated privacy risks
- ICYMI: UK alters Huawei decision; firm’s equipment to be removed from 5G networks by 2027, and no new equipment purchases permitted from year-end
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