AUG 31 – CHINACCELERATOR DAILY DIGEST: FIVE HEADLINES YOU NEED TO KNOW
- ByteDance takes first step into virtual reality (VR) through the acquisition of start-up Pico, the third-largest VR headset maker globally in 2021 Q1. CNBC
- Food-delivery giant Meituan beats Q2 estimates with a 77 per cent revenue growth, despite the government’s antitrust investigation and the regulatory scrutiny of the country’s technology sector. SCMP
- China’s stricter limits on video game playing: children and teenagers are barred from online gaming on school days, and limited to one hour a day on weekend and holiday evenings. NewYorkTimes
- OneDegree, Hong Kong’s only online pet insurer, has raised US$28 million in its latest funding roundOnline, suggesting HK investors’ confidence about digital insurance start-ups. SCMP
- Chinese social media platforms, including WeChat, Weibo, Douyin, and Kuaishou, said they would rectify “self-media” accounts that have violated rules when publishing financial information. Reuters
Job of the day
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