Nov 4 – Chinaccelerator Daily Digest: Five Headlines you need to know 


1. ByteDance co-founder Yiming Zhang has stepped down as the company’s chairman and left the board, adding to an ongoing leadership reshuffle of Chinese tech firms. CNN

2. Self-driving car company Nuro bags $600M Series D led by Tiger Global. Pandaily

3. Chinese VC Ameba Capital closes $265M debut China SaaS fund. China Money Network

4. Tencent launches 3 self-designed chips in expansion drive, helping boost China’s semiconductor development efforts and to further expand beyond video gaming, mobile payments and social media. SCMP

5. Baidu’s auto subsidiary, Jidu Auto tests self-driving tech on first EV prototype. The Beijing News, in Chinese

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