Tech Insider: China-South Korea Lithium Venture in Morocco, Australia Bans TikTok

Meituan co-founder trims holdings in Li Auto, cybersecurity firm co-founder’s ex-wife could net nearly $1.3 billion in divorce

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An iMotion booth on display at the 18th Shanghai International Automobile Industry Exhibition in 2019. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

China and South Korea firms team up on lithium material venture in Morocco

Chinese lithium compound manufacturer Sichuan Yahua Industrial Group Co. Ltd. has partnered with South Korea’s LG Energy Solution Ltd. to produce lithium materials in Morocco for the American and European markets.

While the North African country has limited lithium reserves and no lithium exploration underway, it can still export its lithium production to both the U.S. and the European Union due to its status as a signatory to free trade agreements with both regions.

The specifics of the partnership were not disclosed by the companies. Yahua told Caixin that details remain under negotiation.

ByteDance’s Douyin and Tencent reach video deal as tensions thaw

Rivals ByteDance Ltd.’s Douyin and Tencent Holdings Ltd. have reached a deal to collaborate on video content, marking the latest move toward reconciliation between the two Chinese tech giants that have been locked in copyright disputes for years.