Huawei CFO Meng Wanzhou could soon face extradition after a court ruled that fraud charges against her in the US would constitute a crime in Canada
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Unlike Huawei, AI giant Sense Time is weathering the backlash against surveillance in China thanks to US connections and partners
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Another big leak from ByteDance: Bloomberg reports it made a $3B profit on $17B of revenue in 2019, double the previous year
link Its TikTok service has a new look US competitor: Zynn is an app that apparently pays users to watch videos—oh and its creator is ByteDance’s China rival Kuaishou
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Speaking of big money: Tencent raised $6B from a corporate debt deal. Time to go shopping?
link First up: a $200M investment in Sony Warner’s upcoming IPO
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Despite US-China tension, Dada—a delivery platform backed by JD.com and Walmart—will reportedly conduct a US IPO roadshow this week with a view to raising $500M
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Most Chinese firms choosing local markets though. Such as NetEase, which filed for a secondary listing in Hong Kong, following Alibaba’s lead and weeks of speculation—it aims to raise $2B-$3B
link Then there is VeriSilicon, a chip developer that includes Xiaomi among its investors, which is set to raise $111M from an IPO on China’s STAR Market
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China is planning to continue to monitor its population’s health through apps even after the pandemic, raising concern that it is exploiting the situation to mine yet more data
link Also on government controversy: YouTube was apparently accidentally deleting comments that criticised China’s ruling party—it has now stopped
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Deals: VW will reportedly buy 50% of Anhui Jianghuai Automobile, the parent of EV maker JAC Motors, for at least 3.5 billion yuan ($491M)
link In another automotive mega deal, SoftBank led a $500M investment in Didi’s autonomous division—
apparently the money comes from the second Vision Fund… link The sale of Grindr by China’s Kunlun is now approved—new owner will be San Vicente Acquisition LLC following a government order
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