Chinaccelerator Daily Digest 01/05/2021

CHINA:

1 China makes debt rating agency pay for default, in a precedent for legal and financial service firms to be responsible for their work

2 Chinese Startups And Venture Capitalists Bet Big On Open Source RISC-V

3 Over One-Third of the Global Industrial Robots Were Manufactured in China

4 China’s big telecoms pare losses triggered by NYSE delisting

5 Didi Prepares to Raise over $60B for 2021 Hong Kong IPO

6 Xpeng and NIO Announce Annual Vehicle Delivery Results, Both Set New Records

7 Electric-car maker Xpeng shrugs off concerns Tesla’s steeply discounted Model Y will win over mainland Chinese drivers

8 Tencent-backed Chinese healthtech firm DXY bags $500m

9 China’s Machinery XCMG ties up with Tsingshan Group to invest in $843m new energy project

10 Apple supplier Foxconn in talks to invest in embattled Chinese Tesla challenger Byton

11 Death of 22-year-old Pinduoduo employee renews controversy over China’s 996 overwork culture, sparking an investigation

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MOBILE-ONLY MARKETS:

1 India’s CRED raises $81 million, buys back shares worth $1.2 million from employees

2 Indian payments startup BharatPe looks to raise $200m equity funding, $500m debt

3 IPO-bound Zomato’s losses ballooned four-fold in FY20 as expenses rose

4 Indian auto major M&M in talks to offload majority stake in Ssangyong, India’s largest SUV Maker

5 Vietnam-based PE firm Mekong Capital closes fifth fund at $246m

6 Vietnam’s EcoTruck secures $4.3m Series A funding and other SE Asia deals

7 With group revenues topping pre-COVID levels, Grab puts up a strong face for the future

8 Online grocery wars: Grab challenges Lazada for dominance

9 Tribecar partners with Carro, NTUC Income to launch usage-based motor insurance in S’pore

10 Indonesia’s SiCepat secures $60m from Falcon House, close to sealing $100m Series B round

11 Indonesia’s Gojek in advanced talks with e-commerce major Tokopedia for $18b merger, IPO

12 Indonesian stock trading apps Stockbit, Ajaib raising new rounds riding on retail investor surge

CROSS-BORDER:

1 New York Stock Exchange says it would no longer delist three Chinese telecommunication stocks, in policy about-turn

2 Google and Snap in talks to invest in India’s ShareChat, India’s social network

3 OPPO Shipments In Western Europe Tripled From Last Year

4 Huawei Pay joins hands with Aleta Planet to introduce NFC, QR code payments for S’pore users

5 Swedish Telecom Giant Ericsson Pressures Government to Overturn Huawei Ban

6 LOGOS, Canada’s CPPIB partner to set up new logistics venture in Indonesia

7 Indonesia’s MNC Group buys controlling stake in US brokerage Auerbach Grayson

8 Thailand’s state-owned PTTEP to invest $2b in Myanmar power plants, gas fields

OVERSEAS:

1 Italian court rules against ‘discriminatory’ Deliveroo rider-ranking algorithm

2 Hundreds of Google Employees Unionize, Culminating Years of Activism

3 Airbnb gets skeptical Wall Street analyst calls after stock price more than doubled from debut

4 Twitter acquires social podcasting app Breaker, team to help build Twitter Spaces

5 Uber researchers propose AI language model that emphasizes positive and polite responses

6 Haven, the Amazon-Berkshire-JPMorgan venture to disrupt healthcare, is disbanding after 3 years

7 Health Tech Company Color Inks $1.5B Valuation With $167M Series D

8 Lidar startup Aeva raises another $200M ahead of its debut as a public company

9 AMP Robotics raises $55 million for AI that picks and sorts recyclables

10 Workplace messaging service Slack hit by outage, disrupting remote work after holidays

11 SS&C Technology withdraws $2.3b offer to buy Australia’s Link Group

Image Credits: South China Morning Post