Aug 30 – China Accelerator Daily digest: five headlines you need to know 

  1. SenseTime, AI platform founded by CUHK professors in 2014, files to raise at least US$2 billion in Hong Kong IPO and sees its smart-driving technology in 20 million vehicles via tie-ups with Honda, Great Wall, Chery etc. SCMP

  2. The end of “996”? China’s government takes on its brutal tech working culture, declaring “996” to be illegal. Fortune

  3. Cyber Administration of China (CAC) issued draft guidelines on regulating the recommendation algorithms used by internet service providers, stating that they should not be used to withhold information, over-recommend or manipulate relevant record charts. Pandaily

  4. China venture capital deals shrink amid regulatory concerns. Foreign investors rethink approach as Beijing cracks down on high tech. NikkeiAsia

  5. Report: The number of online payment service users in China had reached 872 million by the end of June, according to the latest statistical report on China’s internet development. Chinadaily

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