Chinaccelerator Daily Digest 2019/12/30

CHINA:

1. Hong Kong mobile payments to be accepted on Guangzhou public transport

2. China’s tech giants invested over 350b yuan in 419 firms

3. Huawei reportedly got by with a lot of help from the Chinese government

4. Chinese social media giant Tencent says it fired more than 60 employees this year for corruption and bribery

5. Tesla secures $1.29 billion loan from Chinese banks for Shanghai factory

6. Kuaishou removes Taobao referrals

7. Wang Sicong settles with investors for RMB 2 billion over live-streaming failure

8. Edtech startup First Future 飞博教育 raised 7-digit RMB in A+ round.

9. AI startup Shenshang Technology 深尚科技 founded by world class AI scientist Huanjun 浣军 raised 6million USD in angel round.

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MOBILE-ONLY MARKETS:

1. Grab says it will apply for Singapore digital bank license with Singtel

2. India’s internet shutdowns costing mobile carriers millions of rupees in lost revenue

3. Brazil’s Totvs buys tech company Consinco to strengthen retail ops

4. Indonesian EdTech Startup Ruangguru Raises $150M

5. P2P lending platform Investree buys half of stake in B2B startup Mbiz, to develop supporting infrastructure for SMEs

6. Indonesian lender Bank Artos acquired by Gojek investor, BTPN director

CROSS-BORDER:

1. Egypt competition watchdog approves Uber acquisition of Careem with conditions

OVERSEAS:

1. Facebook’s Libra cryptocurrency project has failed in its current form, says Swiss president

2. Comcast Reportedly In Talks To Buy Ad-Supported TV Streaming Service Xumo

3. Vodafone Hutchison Australia partners with Nokia to kick off 5G rollout

4. Spotify to suspend political advertising in 2020

5. Snapchat will launch Bitmoji TV, a personalized cartoon show

6. Russia starts testing its own internal internet

Image Credits: Reuters