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Hi again dear readers of China Digest. ByteDance has chosen Oracle to become TikTok's partner in the US after rejecting an acquisition offer from Microsoft. However, a possible sale of TikTok won’t proceed without an agreement between Beijing and Washington. Another Chinese giant, Tencent, is set to establish a new office in Singapore as its Asia hub and has started a hiring spree in the country, while Ant Group could raise as much as USD 30 billion on its dual listing in Hong Kong and on Shanghai's Star Market, with a possible investment by Singapore's sovereign wealth fund GIC, state investment firm Temasek Holdings, and Saudi Arabia’s Public Investment Fund (PIF). In other feature stories, read about how China and the US are developing the next generation of professional e-sports gamers, and learn more about Xiaoice, China's most popular chatbot. As always, stay up to date with KrASIA.   
— By   Simone Martin  		 

 
 

 

The Chinese app factory has submitted a proposal to mollify the Trump administration at the eleventh hour, leaving TikTok’s fate in the balance.
Tencent to set up Singapore office for international business as political concerns mount

The company has been planning to shift some of its business operations, such as international game publishing.

Last month, Evergrande unveiled its first ever six new energy vehicle models under the Hengchi brand.

Ant Group could raise as much as USD 30 billion to become the world’s largest-ever fundraising.

 

The move is another step for ByteDance towards making Douyin a fully-fledged e-commerce platform.
 

WeRide has been testing its vehicles in challenging urban conditions while Baidu plans a Beijing expansion for its autonomous driving service.
 

  		 

Developing a grassroots e-sports infrastructure has become crucial to the long-term sustainability of the industry.

Following Xiaoice’s split from Microsoft, CEO Li Di is confident that development remains on track.

 
   
 
Mint Muse’s family of apps lets user learn to play guitar, ukulele, and piano, and have gained traction during the COVID-19 pandemic.
 
Can Soylent-like products work in China?
 
From liquid lunch, nutrition bars, and chicken breast snacks, meal replacement products are tapping on China’s growing appetite for a healthier and more convenient life.
 
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17 September 2020

VMTV #7: Huang Shao Ning, partner and chief angel at AngelCentral, shares the ins and outs of angel investment

KrASIA’s Venture Matters TV is excited to host Huang Shao Ning, Partner and Chief Angel at AngelCentral on 17 September, 7 to 8pm SGT!
An alumnus of Harvard Business School and the University of Michigan, Shao Ning is passionate about the power of startups to drive social change and contribute to the economy. In 2016, Shao Ning and her Partners set up AngelCentral, an angel investment network. Their mission: To empower angel investors in Singapore and Southeast Asia. Since 2009, Shao Ning and her husband Lim Der Shing, also a Partner at AngelCentral, have invested in more than 35 startups. Aside from her deep portfolio, she is also an active mentor in the industry, a wife, and mother to four boys.
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There are 3 industry focuses: Smart City (September 3), FinTech (September 23) and Deep Tech (October 22); all session run from 2:00pm - 4:40pm SGT. We're excited to have guests speakers from Alibaba, Grab Financial, CapitaLand, Visenze, Sea Group, Wavemaker Partners, Quest Ventures, Qiming Capital and more!
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