Chinaccelerator Daily Digest 11/23/2020

CHINA:

1 China’s regulators put up a fence around risks as technology threatens to overshadow finance in fintech

2 China to set up conference system to oversee unfair market practices after drafting guideline to shackle tech titans

3 Foreign investors in China’s Greater Bay Area could benefit from proposal to use Hong Kong laws

4 Shanghai maps out course to raise listed companies’ quality in a bid to burnish financial hub credentials

5 Sino Group pushes for innovative ideas including robots in building management to fight Covid-19, support well-being in Greater Bay Area

6 China’s WeChat, TikTok bans will go through, White House aide says

7 Vivo Launches OriginOS at 2020 Developer Conference

8 K12 Education Gaint platform Zuoyebang Awarded Honorable Mention by World Economic Forum

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MOBILE-ONLY MARKETS:

1 Vietnam threatens to shut down Facebook over censorship requests

2 Grab gets more control over pricing as Singapore competition watchdog lifts restrictions

3 A Singaporean SaaS platform, Near acquires Teemo, Paris-based intelligence platform

4 Acronis, a global provider of cyber protection services has acquired CyberLynx, an Israel-based cybersecurity consultancy firm

5 Indian edtech firm Byju’s in talks to raise $200m at $12b valuation

6 India’s Fintech, True Balance raises $28m from SoftBank and other VCs

7 India’s Clinikk, an insurtech and healthtech startup secures pre-A round

8 India’s short video app Chinagri reaches user base of 38m

9 Indonesia Stock Exchange (IDX) Incubator eyes up to three startup IPOs in 2021 under renewed programme

CROSS-BORDER:

1 Trump administration said to add 4 more Chinese firms to Pentagon blacklist

2 Taiwan hails economic talks with US. But it’s not the trade deal it wants

3 Google, Facebook and Twitter threaten to leave Pakistan over censorship law

4 In setback of Amazon, Competition Commission of India (CCI) approved the much-anticipated Future Group-Reliance Retail deal

5 Western Union acquires 15% stake in Saudi Telecom’s digital payment unit

6 Wish IPO prospectus reveals heavy risks tied to e-retailer’s reliance on China

OVERSEAS:

1 Kids’ gaming platform Roblox faces concerns over offensive content ahead of US IPO

2 GE health unit buys Swedish start-up Prismatic Sensors, bolstering key medical imaging business

3 Wearable devices for monitoring health conditions have a jumped sales of more than 30% this year

4 GM ups spending on EVs and autonomous cars by 35% to $27 billion

5. Former Chewy CEO pushes GameStop to become the Amazon of the video-game industry

6 Game consoles may haul in $45 billion this year, big changes on software and subscriptions are coming

Image Credits: DealStreet Asia