Pandaily's Digest #20201109
AI and Hony Capital's New Fund, 5G Smartphone Competition Intensifies in China, and CAVCA Sues Kuaishou for Music Copyright Infringement.
China VC Weekly: AI and Hony Capital’s New Fund
Chinese AI startup Emotibot has raised 200 million yuan in its C round of financing. The round was led by Bank of China International. Existing investors Bank of Communications International and Lingfeng Capital also contributed.
Algorithm-Enabled Strawberry Planting Provides New Future for Agriculture
More than two months ago, engineer Cheng Biao participated in the Chinese e-commerce platform Pinduoduo’s Duoduo Smart Agriculture Competition, a competition between humans and computers to plant strawberries on plateaus which requires the participating teams to control the growth of strawberries using AI algorithms within 120 days.
Most Popular Chinese Milk Tea Brands 2020
Chinese people have been drinking tea for more than 2,000 years, while milk tea has become a new trend among China’s younger generations. Over the years, we’ve seen some popular milk tea brands emerging in China.
5G Smartphone Competition Intensifies in China among Double 11 Shopping Frenzy
China’s smartphone manufacturers started to pile into the 5G arena in 2020 as the pandemic eased and the economy recovered. The competition has intensified, especially with the double 11 shopping festival approaching.
CAVCA Sues Kuaishou for Music Copyright Infringement, Court Opens Nov. 9
The China Audio-Video Copyright Association (CAVCA) on Nov. 7 announced plans to sue Kuaishou for infringing on the recording producer rights of 5 songs and the music copyrights of millions of videos, demanding the platform to stop the infringement and compensation of 130,000 yuan.