Oct 20 – Chinaccelerator Daily Digest: Five Headlines you need to know 


1. Porsche invests in iMaker, China’s leading provider of virtual influencers, making vehicles become part of consumers’ digital lives and entertainment. Porsche

2. KAWO, an enterprise social media management platform, raises $5 million from Sequoia China. Its clients include The North Face, Samsung and Vera Wang. Pandaily

3. Flying car company HT Aero secures $500M, plans to launch commercially in 2024, targeting individuals rather than the corporate customers favored by rivals. SCMP

4. Alibaba enters the ARM-server chip race to power cloud-computing data centers. China’s government has long urged industry to invest in the domestic chip sector, which remains behind that of global counterparts. Reuters

5. China opens VPN services to foreign investment in Beijing. Previously barred, foreign investors are now permitted to own up to half of each VPN service provider. SCMP

Job of the day

Zebra Labs is looking for a Social Media Analyst Intern. https://chinaccelerator.com/jobs/social-media-analyst-intern-zebra/


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