Biden’s top advisors have said that they agree with the direction of Trump’s China tech policy, but will carefully review tactics. What will it mean for China tech?
Heavy Hitters
Xiaomi sues US government over investment ban
Xiaomi asked the court remove it from a defense blacklist that bans Americans from investing in companies linked to the Chinese military.
Alipay, JD Digits, Didi remove all bank deposit products: report
Regulators completely banned on Jan. 15 the sale of bank deposit products on third-party platforms to minimize risk from highly leveraged banks.
Friendly neighbors are the key to China’s community group-buying craze
For many, finding a good deal is the main reason to join a community group-buying platform. Socializing with neighbors is a reason to stay.
ByteDance joins Spring Festival ad war, edtech funding: Retailheads
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
Huawei in Greece: How Snowden shaped EU’s approach to Huawei
As espionage scandals and the US campaign against Huawei shook Europe through the 2010s, EU authorities beefed up cybersecurity laws. Greece followed suit.
China-made Tesla Model 3 explodes in a Shanghai garage
A collision with a manhole cover could have caused significant damage to the vehicle and triggered the subsequent incident, Tesla said.
New digital payment rules likely to hit Ant Group, Tencent
The new antitrust rules for China’s digital payment market could trigger a regulatory review of Ant Group and Tencent based on market share.
Jack Ma resurfaces amid regulatory clampdown
The Alibaba and Ant Group founder, Jack Ma, made his first public appearance in months at a video conference with rural teachers.
Pinduoduo blasted for user privacy breach, Luckin franchises: Retailheads
Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.