Chinaccelerator Daily Digest Aug 27, 2021

AUG 27 – CHINACCELERATOR DAILY DIGEST: FIVE HEADLINES YOU NEED TO KNOW

1. PetroChina, China’s largest oil and gas producer, maps out low-carbon projects pipeline, spending plan to help fight climate change. It has so far won development rights for 850 megawatts of wind and solar farms, and is building geothermal and off-grid wind and solar projects with enough capacity to avoid burning 350,000 tons of coal per year. SCMP
   
2. Xiaomi acquires autonomous driving technology startup Deepmotion for about $77.3 million. The investment follows Xiaomi’s bold plan to invest $10 billion over the next decade in the electric vehicles space. Techcrunch
   
3. In China tech, ‘996’ means work, work and more work. Richard Liu, chief executive of JD, wrote that, while he wouldn’t force a 996 schedule on staff, people who slacked off weren’t “brothers.” WashingtonPost
   
4. Tencent re-established its own game-streaming site eGame Center after China blocks the merger of Huya and Douyu, 2 largest streaming firms. Pandaily
   
5. Dragonfly FM, once China’s ‘podcast king’, pulled from app stores with 66 other apps for data abuse and pop-ups. Another 210 apps were warned about their data practices. SCMP