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Megvii pushes ahead with IPO; Trade war weighs heaviest on PE deals

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Good morning, Speculation continues about the true contents and value of the US-China trade deal reac
 
October 17 · Issue #102 · View online
Asia AI News
Good morning,
Speculation continues about the true contents and value of the US-China trade deal reached last Friday, with a rich diversity of opinion. On the whole, it seems skepticism rules.
Despite the progress announced last week, the latest Dechert Mergermarket report predicts that US-China trade issues will continue to weigh heavily on private equity investment over the coming 18 months.
However, Chinese AI start-up Megvii Technology seems to be continuing with plans for Hong Kong IPO, targeting November. There have been contradictory reports over the past few weeks that the IPO would be postponed or pushed through faster.
It’s interesting to note that China’s State Information Center (SIC), China Mobile, UnionPay and other institutions launched a nationwide blockchain service network to help drive adoption of blockchain, encourage blockchain startups and support smart city services. The timeframe for China’s launch of its own global central bank digital currency is still unknown, but the central bank has mentioned the CBDC won’t rely exclusively on blockchain.
Also below, more of the coverage of Oracle and Future Workplace’s APAC survey on employment and AI. Does everyone want an AI boss?
/Carrington

Startup News
China AI start-up Megvii pushes ahead with IPO despite US blacklisting China AI start-up Megvii pushes ahead with IPO despite US blacklisting
Malaysia’s Aerodyne’s raises US$30 million in Series B as it charts IPO in 2022/23
Digital Economy
Thailand looks to become digital innovation hub in ASEAN
Blockchain
China launches nationwide blockchain service network
South Korea seeks to transform trade finance using blockchain technology by 2021
Trust in Robots?
Almost 90 per cent of Chinese workers trust a robot more than their human managers, survey finds
84% of Singaporean workers trust robots more than their managers: Study
89% workers in India would trust robot more than manager
China's AI Market
AI is a bigger tailwind for Alibaba stock than you might think
Baidu Ventures: AI in China has potential, but needs real business models
US-China Trade War
Despite trade truce, U.S.-China Cold War edges closer Despite trade truce, U.S.-China Cold War edges closer
Trade war is biggest weight on private equity deals, report says
AI in manufacturing: how the US is netting on to outpace China
Huawei looks at India as US bans it for spying for China govt; commits to follow all rules
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