China’s tech & startup news
June 2021 tech startup news, articles and reports from China
June’s tech news from China covered items spanning self-driving trucks, digital yuan currency pilot projects, the country’s goals in 6G, China’s government ban on cryptocurrency trading and services, Huawei’s continuing problems globally and many more.
Click the headlines below to read each China tech news item from June 2021 in full, online, free of charge.
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- China: Past digital yuan project head talks of CBDCs in future working on Ethereum smart contract basis rather than as digital cash, executing functions when set conditions are met
- China’s TikTok privacy policy update allows future collection of new types of biometric data including ‘faceprints and voiceprints’
- Mapping China’s Tech Giants: Mapping overseas expansion of 27 key tech firms, featuring 3800+ entries, spanning up to 15 categories and providing 38000+ data points
- Exporting Chinese surveillance: the security risks of smart cities, from The Financial Times
- China: Tencent lists more than 70 things resulting in a ban from WeChat livestreaming, including nose picking, visible tattoos, fortune telling and more
- China: Military tech suppliers CETC and Potevio state-owned enterprise to merge, forming country’s 3rd-largest info-tech company after Huawei and Lenovo
- China: ‘Tech workers pushed to limits by surveillance software’
- China: Red Date Technology, technical firm behind state-backed Blockchain-based Service Network, raises $30M Series A, with BSN Int’l to run as Singapore foundation
- TikTok changed the shape of some people’s faces without approval, applying or testing what appeared to be a beauty filter – and which they couldn’t turn off
- China: Alibaba Group to develop self-driving trucks with Cainiao logistics subsidiary, aiming to introduce 1000 autonomous delivery robots over the next year
- China: Beijing Sinoits Tech raises $3-$5M pre-Series A with vehicle recognition tech, AI-driven traffic analysis and more
- China: Facetech Holdings gains funding to further develop tech using AI and neural networks to identify faces obscured by protective equipment or other coverings
- China: Industrial and Commerce Bank of China the first bank in the country to launch feature allowing conversion of cash to ‘digital yuan’ at 3000 ATMs in Beijing
- China: Xiong’an government launches digital yuan pilot using Blockchain Fund Payment Platform to pay some builders’ wages
- China: An overview of 22 of the country’s top players in the UAV and drones industry, dominating some 70,000 smaller outfits in components, software etc
- China: Huawei launches ‘Global Cyber Security and Privacy Protection Transparency Centre’ in Dongguan
- China: Taobao, e-commerce giant owned by Alibaba, hit by data leak exposing 1.1BN items of user data including IDs and phone numbers
- China: Sichuan, the country’s second-largest bitcoin mining province, added to crackdown, ordering cryptocurrency mining projects to shut down
- China targets 2030 for commercial launch and standardization of 6G, tying with China Standards 2035 goals which include increasing the number of China-based global standards
- China: iBox launches following incubation with Huobi X Center, focusing on premium market for NFTs in Asia with low-cost on-chain dApps, smart contacts and digital assets
- China: Germany’s Beiersdorf expands NX NIVEA Accelerator to Shanghai, unveiling 5 startups selected for the first batch
- China: BIT Mining delivers first batch of 320 machines to Kazakhstan after operations in Sichuan province were suspended in gov’t crypto mining crackdown
- China: Will digitization change the status of the yuan at home and abroad?
- China: WeRide self-driving auto firm raises over $600M across last 5 months, building on $30M fundraise in 2018 via alliance with Nissan, Renault and Mitsubishi
- China: “…Cyberspace Administration released a separate policy specifically targeting the automotive industry’s collection and use of location-based and geographic data.”
- Lofty principles, conflicting incentives: AI ethics and governance in China
- China: Ant Group in talks with state-owned enterprises to create credit-scoring firm, putting 1BN citizens’ data under regulator purview – a move towards ‘social credit’?
- ICYMI: Senegal hopes to boost digital sovereignty by moving all gov’t data and platforms from o’seas servers to a national data centre supplied by Huawei, financed by China
- China: “… startups are offering an inexpensive and extremely direct form of marketing, in which the people who manufacture products also become the influencers selling them.”
- China: Raythink Technology secures Series A funding with augmented reality software for cars, projecting information onto a car windshield
- China, global trade & CBDC: “The only question is how far-reaching the ramifications will be across issues related to who controls access to capital and its movements.”
- Hong Kong to test connecting China’s e-CNY, the ‘digital yuan’, with its domestic payments network, heralding second stage of digital currency trials in the city
- India: TikTok short video firm has written to Ministry of Electronics and Information Technology claiming compliance with Code, seeking lifting of in-country ban
- South Korea: Gov’t revokes authorizations for 224 Hikvision products over faked test reports, forcing Hikvision to withdraw products for at least one year
- Philippines: Alibaba Cloud to build data center to support digital transformation and expand footprint in Asia, building on 2019 entry to the country
- Alibaba Cloud launches Project AsiaForward with $1BN funding, aiming for 1M-strong digital talent pool, 100K developers and to grow 100K Asia-Pac startups over 3 years
- ICYI: Swedish court system upholds ban on Huawei equipment in the country’s 5G systems, citing security service concerns
- “Even now, satellite-borne internet traffic is dwarfed by subsea cables, which carry an estimated 95% of all traffic between continents and islands.”
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