Taiwan is attracting regional AI startups to establish new engineering and R&D teams, while local startups eye expansions in Southeast Asia.

By pioneering payments in virtual money, Beijing aims to internationalize the yuan.

“We are in the right place at the right time to increase our leadership in China’s large video-based market,” says CEO.

This is a snippet of China Venture Roundup Volume 24, covering China’s investment activity from February 15 – 21 2021.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.

Akrostar is just one of many domestics chip companies that are gaining investors’ favor as the country seeks to be self-reliant in core technologies like semiconductors.

The 5G business offsets a loss in the smartphone division.

Non-sensitive sectors such as automobile, electronics, and chemicals and textiles will be given preference over sensitive sectors that include data and finance.