Highlights: GM ups electric & autonomous vehicle spending to $27B through 2025, Vietnam’s taxi associations file complaint over unfair competition against Grab and more news.

November 20: Latest business and tech news around the world.

Carl Adrian

20 Nov, 2020

Highlights: GM ups electric & autonomous vehicle spending to $27B through 2025, Vietnam’s taxi associations file complaint over unfair competition against Grab and more news. | BEAMSTART News

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Tech business news digest: Highlights on tech business news around the world on 20 November 2020.


1. China’s Future Capital raises $187m in new fund for early-stage tech firms

2. Chinese social media firm JOYY calls Muddy Waters’ report erroneous

3. Bilibili Reveals Strong User Growth in Quarterly Financial Results

4. Hong Kong retailers Sa Sa and TSL Jewellery shift focus to e-commerce, mainland China to survive coronavirus pandemic

5. Edtech platform Codemao 编程猫 raised 1.3billion RMB in Series D

6. Chinese Truck Logistics Firm Zeyi Raises RMB600 Million

7. Sinovation invests in Idol Group, a developer of e-commerce infrastructure services


1. Gojek reshuffles management to double down on payments service

2. Vietnam’s taxi associations file complaint over unfair competition against Grab

3. Reliance Retail closes fundraising exercise after raising $6.3b for 10.9% stake


1. Singapore’s Acronis acquires Israeli cybersecurity consultancy firm CyberLynx

2. Malaysian VC Xeraya Capital joins US biotech firm InterVenn’s US$34M round

3. Singapore’s One Championship partners with Facebook to provide exclusive content

4. Tesla to open integrated customer experience centre in Zhuhai, make city its Greater Bay Area base

5. Tencent Music Entertainment Group Announces Strategic Partnership and Minority Equity Investment in Wave

6. Japan’s Orix picks stake in Israeli venture investment firm OurCrowd for $60m


1. U.S. regulators open process to ensure self-driving car safety

2. EU Commission to intervene in tech, carmakers’ patent dispute

3. Japan Inc to begin experiments issuing digital yen

4. Verizon, Apple partner to swap out corporate-owned phones for 5G iPhones

5. GM ups electric and autonomous vehicle spending to $27 billion through 2025

6. Gaming company Roblox files IPO prospectus after 91% jump in revenue

7. BuzzFeed acquires HuffPost from Verizon, reuniting CEO Jonah Peretti with website he co-founded

8. Google’s game-streaming service Stadia coming to iPhone in the coming weeks

9. Spotify opens a marketplace for Canvas looping artwork designers

10. Instagram revamps its mobile messaging app Threads

11. KKR to buy New Zealand animal health firm Argenta for about $100m

12. SellerX raises $118M to grow Amazon businesses

13. Medable Locks In $91M Series C To Digitize Clinical Trials

14. Austin-based ZenBusiness, provider of an online platform for starting a business, raised $55 million in a Series B round

15. CAIS, a New York-based alternative investment platform, announced a $50 million Series B equity investment

16. Israeli-founded telemedicine app K Health raises USD 42 million, links up with Mayo Clinic

17. Zapata Computing Raises $38M As Quantum Computing Nears

18. African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

19 .Subtle Medical has raised $12.2 million for medical imaging analysis tools

20. Transfr raises $12M Series A to bring virtual reality to manufacturing-plant floors

21. Predicting Patient Outcomes: ClosedLoop.ai Secures $11M Series A For Health Modelsc

This digest is contributed by Chinaccelerator.

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