Tech China Post #81

China’s second space station, Tiangong-2, is coming back to Earth. It will finish its two-year mission as a temporary space station and start de-orbiting for a controlled destruction in the middle of 2019. (link)

Recognizing China’s investment and advancement in artificial intelligence, U.S. government is looking to update the 2016 AI strategy and invest more into research initiatives. For example, Defense Advanced Research Projects Agency will invest $2 billion into advanced AI research over the next five years. (link)

Healthcare and bioscience startups in China and U.S. are raising significant amounts from Asian investors that are looking to find companies with relatively reasonable valuations. Local investors are pausing at the over valuations of many Chinese startups in government-supported sectors where investors are betting on quick market adoption because of government backing. (link)

Softbank, KKR and General Atlantic are looking to make an investment in Bytedance, the Chinese internet company that has built news aggregator Toutiao and video platform Tik Tok. The investment would make Bytedance the most valuable Chinese startup at $75 billion. (link)