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Megvii denies reports of IPO delay; Human rights and the trade war

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Good morning, I hope that you're having a good week. Again not much startup news, except Megvii deni
 
November 7 · Issue #119 · View online
Asia AI News
Good morning,
I hope that you’re having a good week.
Again not much startup news, except Megvii denies media reports that it may delay its Hong Kong IPO. This is an ‘on again, off again’ story, I believe largely inflated by the media. The AI-startup originally delayed plans due to trade war and then announced in August that it was going proceed, which has been the general thread of comment by Megvii since.
Meanwhile, Ernst & Young reported that overseas mergers and acquisitions by Chinese companies jumped by 152 per cent in the third quarter. Asian investment trends are also an issue in danger of being distorted by the media. KMPG reporting in its Q3 Pulse report that the volume of venture capital deals increased during Q3, but total value declined. However, media do often seem to be rather binary in choosing their headlines. The environment has certainly changed markedly during the past year and I’m no expert, but its not quite as simple as pointing upwards or downwards.
As usual, the end of this newsletter is reserved for US-China trade war news, including a story from South China Morning Post on how AI and human rights became embroiled in US-China tech war. SCMP says that the U.S. move to blacklist more Chinese firms because of the treatment of Uyghurs caught Chinese officials off-guard. The timing is interesting! The situation in Xinjiang has been the subject of international criticism for about 5 years, but the U.S. move to punish Chinese firms comes just as the details of its phase one trade deal with China are being put to bed.
Oh, and at the very end of today’s newsletter is '7 innovations by Baidu which changed the face of AI’.
/Carrington

Startup News
Chinese AI giant Megvii denies report it may delay Hong Kong IPO Chinese AI giant Megvii denies report it may delay Hong Kong IPO
South Korea needs new strategies to nurture unicorn companies
Investment
Chinese overseas M&As jumped 152 per cent in third quarter, but still more than 40 per cent behind 2018, Ernst &Young says
R&D
Samsung prepares for AI development while wooing scientists
India
State of Enterprise AI In India 2019
US-China Trade War
How AI and human rights became embroiled in US-China tech war How AI and human rights became embroiled in US-China tech war
Xi Jinping's unmistakable message for the US, Australia, on Chinese technology
US military needs help from private firms and universities to beat China in AI race, says Defence Secretary Mark Esper
Huawei founder calls on Europe, Japan to step up development of alternative tech amid US blacklist
With trade war set to drag on, are China’s growth targets still valid?
Trump's Belt and Road rival heralds open season for China-bashing
Baidu
7 innovations by Baidu which changed the face of AI
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