Bytedance, the Chinese company that makes the news aggregator app Toutiao, is acquiring Musical.ly close to $1B. Based in Shanghai, Musical.ly allows more than 60M teen users to create and share music videos.

October venture capital reached close to $900M, excluding the $4B funding in Meituan Dianping.

Microsoft Azure announced that it will triple its presence in China in the next few months through its local partners. Microsoft reportedly has more than 1000 cloud partners…

Competition for self-driving car continues to heat up. Changan, one of the major auto makers in China, has obtained a self-driving car permit in California to start conducting public road test of self-driving cars. Changan is a member of Baidu’s Apollo artificial intelligence program.