Your daily dose of China's tech
June 6, 2019
“Not to engage with China on this matter is self-defeating.”
Huang Yasheng, professor at MIT’s Sloan School of Management, on China’s push for AI ethics principles
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|TechNode Monthly Meetup - June 12, 2019|
| Jun 12, 2019|
(7:30 PM - 9 PM)
The Camel (Yueyang ...
Shanghai, Shanghai Shi
This is a monthly casual meetup hosted by TechNode for all Friends of TechNode to meet and greet and have a live discussion on recent tech trends in China. It is also a great opportunity to meet with our editors and tech reporters, as well as mingle with the TechNode Squared community in the neighborhood. Happy hour deal will be available throughout the session. Although it's a free event, RSVP is required.
|Bytedance and the ‘Honour of Kings’ content ban|
What: Bytedance is fighting back against a recent court injunction which banned content related to Tencent’s mobile title “Honour of Kings” from the company’s Jinri Toutiao content aggregator app, according to a statement released on the platform.
The ban: Issued on May 30 by a court in Chongqing, the injunction was a preliminary move that banned all pre-recorded videos with “Honour of Kings” in their titles from Jinri Toutiao, save for those from five specified users, including the game’s official accounts.
Accusations: Bytedance called the court’s actions severely flawed since it had issued the injunction solely at Tencent’s request, without carrying out an inquiry or notifying them beforehand. The court is also accused of unlawfully expanding the scale of the ban. While Tencent had requested that Jinri Toutiao remove all unauthorized videos containing “Honour of Kings” gameplay footage, the injunction required the platform to delete all videos with “Honour of Kings” in their title, even if the content was unrelated to the game. In the statement, Bytedance urged the authorities to investigate the court’s actions.
Piling up: This is the ninth ban in seven months in which Tencent has requested removal of content related to their games from Bytedance apps—with six of the nine lawsuits filed in May alone. The cases cover some of the most popular titles in China, including “League of Legends” and “CrossFire.”
– Tony Xu
Concentrated daily news
Toyota will announce a new electrification strategy this week that includes a significant number of partnerships with Chinese parts manufacturers, according to Axios. The plan will include a roadmap for the company’s EV business model, which outlines plans for “personal EVs.” The Chinese partnerships will be focused on batteries and the production of future battery-powered vehicles. Axios says that the plan is not being widely publicized in the US because of “sensitivity to strained US-China trade relations.” Chinese voice recognition leader iFlytek, which has a market value of RMB 62 billion ($9 billion), is seeking to raise $300-$350 million worldwide to invest in AI startups. US investors are not expected to participate in light of worsening US-China relations, said Luo Yi, the founder of ShangCap, which is managing the new US dollar fund for iFlytek. Alibaba-backed Chinese AI facial recognition startup Megvii is rethinking its plans for a Hong Kong IPO later this year, the FT reported, citing anonymous bankers and investors. It had been targeting raising as much as $1 billion. As the tech industry finds itself increasingly embroiled in the US-China trade war, Megvii’s future relationship with the US is uncertain. As a key supplier of China’s surveillance systems, Megvii is reportedly being considered for the US’s entity list, which would block business from the world’s largest economy. China's Ministry of Industry and Information Technology (MIIT) has granted licenses for the next-generation wireless network to the country’s major three telecom carriers—China Mobile, China Telecom, and China Unicom—as well as the state-owned China Broadcasting Network Corp. MIIT minister Miao Wei said China welcomes foreign companies to actively participate in the construction of the country’s 5G market and to share benefits generated by technological progress. Chinese telecom equipment maker Huawei said in a statement on Thursday that the company is ready to help China accelerate the commercial use of 5G. Huya’s overseas live-streaming platform Nimo TV has officially entered the Brazilian market, increasing to 10 the number of countries where it is available, 36Kr reported. Nimo TV has already signed exclusive partnerships with a number of famous Brazilian YouTube creators and exclusive live-streaming agreements with several major Brazilian e-sports teams. Nimo TV was launched in May 2018 and has been operating in countries such as Indonesia, Vietnam, Thailand, and Mexico. As of the end of 2018, Nimo TV had more than 11.5 million monthly active users globally.
TechNode has launched its membership program.
We’re calling it TechNode Squared because, much like a town square, our membership program brings together audience and journalists to share information and insights on China’s booming tech sector. The fruits of these exchanges are greater than the sum of their parts, truly tapping into the potential of collaboration.
Our model, which is the first of its kind in China for tech coverage, fosters togetherness and active participation built on mutual respect, trust, and integrity.
Small drops to get smart on China's tech world
1 - Northern expansion
Alibaba is accelerating its expansion in Russia by announcing a joint venture with Mail.ru. (TechNode)
2 - Plate supply
Guangzhou and Shenzhen have begun issuing 60% more car licenses to spur demand in response to slower sales. (Nikkei)
3 - Sub-display snaphots
We may soon witness the arrival of under-screen front camera in smartphones thanks to Xiaomi and Oppo. (Abacus)
4 - Easier transfers
The SWIFT interbank messaging provider will start providing Chinese language transactions. (Nikkei)
5 - Move over, K-pop
Korea’s fashion is thriving in China again thanks to e-commerce live-streamers. (SCMP)
6 - Bonanza
Five million tons of lithium deposits have been found in southwest China’s Yunnan province. (Reuters)
7 - May 35th memes
Chinese netizen have been using cool memes to commemorate the 1989 Tiananmen protests. (Abacus)
8 - Crypto custody
Wu Jihan, former CEO of Chinese mining giant Bitmain, is planning to launch a new cryptocurrency custody and trading firm named Matrix. (TheBlock)
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