Newsletter: Kris Wu Raps Against Cyber Bullying

Aug 16, 2018, 10:46am Gabriel Li

Here’s this week’s roundup of China tech stories.

It seems like the more fame you have, the more likely you are to become victim to cyber bullying. Famous Chinese singer Kris Wu, former member of the Asian boy band EXO and judge of the hit show “the Rap of China”, was recently caught up in a round of online battles with a group of sport app users. His new song “Skr” marks his ingenious way of dealing with haters.

At the annual 2018 Overseas Talent Entrepreneurship Conference (OTEC), a Beijing team won the global championship, receiving a service package worth one million yuan ($160,000).

Chinese entrepreneurs like Jack Ma have always put high emphasis on encouraging young people to start their own businesses. With the launch of Africa Netpreneur Prize, 10 selected young African entrepreneurs will be granted $10 million of entrepreneurship fund every year in the next decade.

As we know, Elon Musk is busy taking Tesla private while EV startup NIO has filed for an IPO in the United States. If competitor Tesla leaves the U.S. stock market, will NIO<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> be able to win over the investors?

As for smartphones, apart from the growing size that leads to bigger pocket sizes in people’s trousers, Alex N. shed some lights on the market trend of smartphones such as 5G and AR.

Editor’s Pick

Kris Wu Raps Against Cyber Bullying

Smartphone Sales Will Stagnate Until We See AR, 5G

Events

China’s largest international startup business competition, the 2018 Overseas Talent Entrepreneurship Conference came to a close on August 10. Six Nobel Prize winners also attended the innovation summit.

The Africa Netpreneur Prize, funded by the Jack Ma Foundation, was launched at the “Netpreneurs: The Rise of Africa’s Digital Lions” conference in Johannesburg, South Africa.

Market Briefings

The planned IPO of Chinese EV startup NIO is said to be the largest listing of a Chinese auto company in the United States.

Ucommune (previously UrWork), the only Chinese unicorn in the co-working space, received 300 million yuan ($45 million) in a new round of funding at a post-money valuation of $1.8 billion.

PayPal has been striving for payment licenses in China, paying particular attention to China’s booming cross-border e-commerce business.

China Unicom, the country’s second-largest telecom carrier will be providing integrated ultra-fast fifth-generation (5G) solutions for the 2022 Winter Olympics in Beijing.

With great increases in the number of blockchain enterprises and diversified applications, the blockchain ecosystem in China is gradually taking shape.

A new product under Taobao, called Taobao Buy, will be bringing consumers futuristic shopping experiences with mixed reality technology.

Baidu‘s conversational AI platform DuerOS has reached an install base of over 100 million.

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