Nov 29 – Chinaccelerator Daily Digest: Five Headlines you need to know 


1. D2C solutions provider Fastlane announces closing of funding totaling nearly $10 million led by Baidu Ventures and South-Korea based LB Investment. Pandaily

2. Matrix-backed Yiwu Technology, which provides automation solutions for the warehousing and logistics industry, pockets nearly 100 million yuan in financing round. DealStreetAsia

3. Tesla invests 1.2 billion yuan for its production line optimization project in second stage of the Shanghai Super Factory, with environmental protection investment accounting for 7.08%. Pandaily

4. China’s AI giant SenseTime receives regulatory approval to list on the Hong Kong Stock Exchange. TechCrunch

5. Xiaomi to build its first electric vehicle factory in Beijing suburb, marking an important step for the firm as it vies for a slice of China’s booming EV market. SCMP

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