Chinaccelerator Daily Digest 01/13/2021

CHINA:

1 Yangtze Memory, China’s top maker of memory chips plans to double output in 2021

2 Huawei ramps up chip investment in fight for survival

3 Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms

4 Tencent Music, Vipshop, Joyy plan HK offerings as threat of US delisting looms large

5 Asian hedge funds swoop in on shares of China’s sanctioned telecommunication operators, lured by dividend payouts

6 China’s Orchid Asia leads funding in delivery platform Fantuan, edtech startup Ivydad

7 Chinese proptech startup Blue Wall bags seed funding from Sequoia-linked ZhenFund, GGV

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MOBILE-ONLY MARKETS:

1 Indian edtech unicorn Byju’s to buy Blackstone-backed offline tutor Aakash Institute for $1b

2 B2B SaaS platform VComply raises $6m led by Counterpart Ventures, Accel

3 WestCap leads funding in Zupee, India’s mobile gaming platform

4 PlanetSpark launches hardware-targeted accelerator for Singapore startups

5 Sea Group firms up digital payments play in Indonesia with Bank BKE acquisition

6 ‘Buy now, pay later’ heats up in Singapore with Grab

7 Grab contributed to nearly half of SEA’s food delivery GMV in 2020: report

8 Singaporean digital assets exchange Zipmex rakes in $6m in new funding

9 Singapore cybersecurity firm MicroSec raises an undisclosed amount in series A funding

10 microLEAP raises US$3.3M to help small businesses raise funds via Shariah-compliant means in Malaysia

11 Vietnamese ride-hailer Be launches digital bank in partnership with VPBank

12 Vietnamese e-wallet MoMo raises Series D investment

13 Titik Pintar raises funding to offer gamified learning and remote micro lessons to Indonesian students

CROSS-BORDER:

1 PayPal to Enter China’s Online Payment Market

2 Elon Musk’s Tesla registers subsidiary in India, names three directors

3 Mitsubishi Chemical leads charge against China’s EV battery giants

4 AMD unwraps new server chips in latest grab for Intel business

5 Toyota shut Chinese line for 2 days due to global chip shortage

OVERSEAS

1 Zoom plans $1.5 billion share sale at 10 times its IPO price

2 General Motors unveils EV van as part of new commercial business unit

3 Driven by digital, UK entertainment revenues topped $12 billion last year

4 Fintech Data company MX Banks On $300M Series C

5 Gett raises $115M for its on-demand ride-hailing platform for business users

6 Jedox raises over $100M to expand its financial modeling and analytics software to more verticals

7 Jellyfish Secures $31.5M Series B To Grow its engineering management Platform

8 Descript raises $30M to build the next generation of video and audio editing tools

9 Uplifting Results Labs Inks $8.2M Series A To Target Food As Medicine

10 Roboflow raises $2.1M for its end-to-end computer vision platform

Image Credits: South China Morning Post