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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
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