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?
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VC Roundup: Chinese tech firms are betting on chips
Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.
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.
Shares of Evergrande EV unit surge 50% after raising $3.4 billion

China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)
Edtech firm Huohua Siwei valued at $1.5 billion

K-12 online math and science education platform Huohua Siwei received $150 million in a third batch of its Series E, which totals $400 million.
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.
Bytedance unveils Douyin mobile payment tool to rival Alipay, WeChat

Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.
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.
WeChat doubled mini program GMV in 2020

The Covid-19 pandemic accelerated consumer adoption of e-commerce on WeChat and powered growth, as confined shoppers spent more time browsing on the app.