Nov 5 – Chinaccelerator Daily Digest: Five Headlines you need to know 


1. China’s Yingke PE raises additional $781m for RMB-denominated fund to invest in biomedicine and technology. DealSreetAsia

2. Microsoft to double its cloud capacity, launch a new data center, and hire more employees in China to expand its footprint. Shine

3. China Mobile aims to achieve continuous 5G coverage in rural towns across the country by the end of next yea. China Daily

4. Metaverse gathers pace in China as Baidu, NetEase join rush to register trademarks related to the internet’s next phase. SCMP

5. Uber to take $3 billion loss on Didi after China crackdown. Though the fluctuations in Didi and Zomato are only paper gains and losses, Uber’s other stakes, including Grab Holdings Inc., Aurora and Joby Aviation LLC, have also taken steps to go public and could spell more volatility for Uber’s finances. Bloomberg (paywall)

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