News

Archive for December, 2021

Dates : December 2021

China isn’t letting Tencent update its apps or release new ones as part of its crackdown on big tech

December 2, 2021
Beijing has instructed Chinese tech giant Tencent to stop releasing any new apps or app updates so that the authorities can inspect its products, according to reports from multiple local outlets. This decision comes as China introduced a new privacy law this month that restricts what companies and individuals can do with personal data — the latest in the country’s crackdown on big tech’s once-unchecked growth.
CDPI Emerging Markets

Seaya Ventures, Cathay Innovation launch $125M fund for LatAm startups

December 2, 2021
Venture capital firms Seaya Ventures and Cathay Innovation have created a joint fund aimed at startups across Latin America that are redefining their industries and society.  The team’s first investment was made in September when it went in on Chilean fintech Xepelin’s $230 million round. As solo firms, both have been active in the region making other investments in Mexico’s Kueski and Lana, Brazil’s Facily and alt.bank, and Colombia’s RobinFood and Chile’s Fracttal.
CDPI Emerging Markets