Nov 3 – Chinaccelerator Daily Digest: Five Headlines you need to know 


1. Yahoo withdraws from China as Beijing’s grip on tech firms tightens. The timing of the pullout coincided with the implementation of China’s new data protection law. The Guardian

2. Tiger Global leads $100m Series C in Chinese HRtech startup Moka, which helps clients like Tencent and Xiaomi manage their human resources more efficiently. DealStreetAsia

3. Biren Technology, IDG, and ByteDance invest in YunSilicon, a Chinese Data Processing Unit (DPU) start-up. Pandaily

4. Beverage company Yuanqi Forest to complete $200M round led by Temasek, Sequoia Capital China and Warburg Pincus, making its market valuation reach $15 billion. Pandaily

5. Chinese tech giants vow to stay clear of speculating NFTs. Ant Group, Tencent, and, signed a “self-regulation” convention on NFTs with state organizations and vowed to boycott speculative activities surrounding NFTs, or “digital collectibles”. CoinDesk

Job of the day

Coffee Exchange is looking for a Marketing and Business Development Intern located in Shanghai, China.


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