Chinaccelerator Daily Digest 01/12/2021

CHINA:

1 After Alibaba probe, antitrust is at the top of 2021 agenda, China’s top market regulator says

2 China’s new laws take aim at global firms that comply with US sanctions

3 More than half Chinese consumers used smart home devices during COVID-19

4 Digital yuan goes physical, mining rig prices rise

5 China Has 41 IP Protection Centers

6 China’s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world’s largest vehicle market

7 Alibaba’s Parcel Delivery Service Cainiao Guoguo Saw a 20% Surge in Daily Delivery Volume in 2020

8 Didi Chuxing and Huaxiaozhu Fined 1.41M Yuan Amid China’s Tightening Covid Prevention

9 Chinese EV Maker Nio Shares Surge 14% to Hit $100 Billion Market Valuation Following ET7 Sedan Debut

10 Chinese PE fund manager CICC Capital secures $649m second close of biomedicine fund

11 SF-Backed Hive Box Raises $400 Million From Trustbridge, Sequoia

12 Chinese Fitness App Keep Completes $360 Million Financing

13 Chinese biotech firm VISSEN raises $150m led by Sequoia Capital China

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MOBILE-ONLY MARKETS:

1 Malaysia’s Sime Darby healthcare unit picks banks for $300m IPO

2 India: A91 Partners said to have invested $30m in La Renon Healthcare

3 Allianz Global Investors injects $27m in India’s transmission company, Sterlite Power

4 Jumbotail raises $14.2 million for its wholesale marketplace in India

5 India: Some lending apps thrive on Google Play despite policy violations

6 SoftBank-backed investment platform Ajaib Group raises $25m in Series A round

7 Indonesia’s fintech Pintek bags $21m debt facility from Accial Capital

8 Indonesian fintech platform BukuKas bags $10m Series A led by Sequoia India

9 Sampingan, on-demand job platform, lands US$5M Series A to connect independent blue-collar workers with enterprises in Indonesia

10 Indonesia’s GudangAda names ex-Grab engineering head Huan Yang as CTO

11 HR tech startup Snaphunt secures $1m from BEENEXT

12 Singapore foodtech startup, Advantir closes 7-figure seed round

13 RedMart, Singapore’s online grocery store, saw 3x income growth and better margins since Lazada buyout

CROSS-BORDER:

1 Tesla Begins Second Phase Construction Of Shanghai Gigafactory

2 California WeChat users sue Tencent over fear of Chinese censors

3 BlackRock joins global funds in divesting Chinese telecoms stocks as US sanctions kick in

4 China’s NIO sells US$1.3 billion worth of convertible notes as electric car maker’s ADS hits all-time high in New York

5 SoftBank cashes in on Uber’s stock recovery with $2b share sale

6 YouTube and WhatsApp inch closer to half a billion users in India

7 Dable raises US$12M Series C to expand its content discovery platform into SEA, China

OVERSEAS

1 Walmart creates fintech startup with Ribbit Capital, speeding push beyond retail

2 Signal messaging hits No. 1 in Apple’s App Store after Elon Musk boost

3 Parler transfers domain name to Epik, domain registrar of choice for the far right

4 Cognizant to acquire US-based cloud transformation consultancy group Linium

5 Crown Technologies secures financing to deploy its AI-powered robotic barista across East Japan’s train stations

6 Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion

7 Digital consumer goods firm, Thrasio Brings In $500M Debt Facility To Go After Bigger Acquisitions

8 Curve fintech closes its new $95M Series C funding caused the delay on accounts filing

9 Zipmex, digital assets exchange, raises $6 million led by Jump Capital

10 Alula, a platform for cancer caregivers, patients and survivors, raises $2.2 million

11 Sneaker enthusiast group SoleSavy raises $2M, setting the stage for a community-driven commerce boom

12 Snap acquires location data startup StreetCred

Image Credits: Medium.com