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

  1. The number of pre-revenue biotechnology companies seeking to list in Hong Kong almost triples this year, pushing the city closer to NYC as the world’s fundraising hub for pharmaceutical developers and medical device makers. SCMP

  2. China will set up a stock exchange in Beijing to serve small and medium-sized enterprises(SMEs), in addition to current two major stock exchanges in Shanghai and Shenzhen. DealStreetAsia

  3. Chinese microblogging platform Weibo has banned at least 52 influential user accounts in response to Beijing’s latest campaign to clean up “misinterpretations” of financial and economic policies on social media. SCMP

  4. Alibaba will invest $15.5 billion by 2025 in support of the country’s goal of common prosperity, joining a list of Chinese tech giants to help the government fight inequality. Pandaily

  5. Guangzhou passed an operation plan for self-driving trial lines. It includes 6 lines and will put 50 self-driving buses in operation. Pandaily

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