AUG 20 – CHINACCELERATOR DAILY DIGEST: FIVE HEADLINES YOU NEED TO KNOW

1. Two of the Chinese astronauts on Tiangong space station have successfully exited the capsule and entered the space to install foot limiter and build work table. CCTV in Chinese

2. No adult toys, medicines, or spy devices allowed on China’s live-streaming platforms as Beijing tightens grip, while teenagers under 16 will no longer be allowed to live-stream. SCMP

3. After investing $7.7 billion in sustainable social value innovation strategy, Tencent plans to invest another $7.7 billion in further supporting people’s livelihood, including rural revitalization, income increases for low-wage workers, primary health care system improvement and balanced development of education. Pandaily

4. China’s mRNA vaccine technology firm Abogen raises over $700M round led by 7 investors, including Singapore’s state investment firm Temasek Holdings and Hillhouse-backed GL Ventures. Reuters

5. Didi’s ride-hailing dominance grows in China despite cybersecurity crackdown from Beijing. Its orders rose 13.1 per cent in July, above the 10.7 per cent growth for the entire market. SCMP