Alibaba reportedly raising $20B; Japan to limit foreigners' IT firms

2 million 5G stations being built worldwide; TikTok parent Bytedance working on its own smartphone

Wallace Ho28 May, 2019

Alibaba reportedly raising $20B; Japan to limit foreigners' IT firms

BEAM Daily Digest 5/28/2019

This article is contributed by our partner Chinaccelerator

1. Local govts racing to roll out 5G network construction, where more than 2 million 5G base stations are expected to be invested and built nationwide by 2022

2. China's e-sports industry offers low pay and long hours where around 60% of them make less than $14,500 a year, according to Tencent E-sports

3. Alibaba reportedly mulling to raise $20B through a second listing in Hong Kong

4. Hongmeng 鸿蒙, Huawei's proprietary OS, incorporates next-generation technology

5. TikTok parent Bytedance is reportedly working on its own smartphone

6. Food tech-focused Finistere Ventures, three Israeli firms to invest $100 million in agrifood startups in Israel

7. Singapore startup Trax, which develops image recognition software is in talks to raise $100m

8. India's FreshToHome raises $11 million to expand its fish, meat, and vegetable e-commerce platform

9. Japan to limit foreign ownership of firms in its IT, telecom sectors

10. SoftBank Plans Second AI Venture Fund of More Than $55 Million to Unearth Promising Startups in AI

11. IKEA to revamp app for customers to shop remotely for products as store strategy shifts

12. BEAM is lauching Business Matching Engine using machine learning, click a button to match with right resources & customers

Getting your business in front of business owners & investors for potential customers & investment

Wallace HoAuthor


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