Chinaccelerator Daily Digest 01/29/2021

CHINA:

1. WeChat overtakes Ferrari to become the world’s strongest brand

2. Didi reports 60 million daily trips globally for 2020

3. Computer vision unicorn SenseTime closes pre-IPO round

4. Hong Kong retail investors amass $50b in loans for IPO of Kuaishou Technology

5. Xinheyun 新核云, cloud MES service provider for auto and manufacture industry, raised 150million RMB in Series B+

6. Hong Kong supply chain management startup International Compliance Workshop bags $5.7m in series A+ round

 

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MOBILE-ONLY MARKETS:

1. Indonesia-based Ula, a wholesale e-commerce marketplace for small business owners, raised $20 million in a Series A 

2. Indonesian fintech Akulaku in talks to sell 15% stake in P2P lending arm Asetku

3. Singapore news media firm Eco-Business bags funding from Tembusu Partners

4. India’s startups beat COVID-19 odds to raise $11.6b in 2020

5. Indian biomedical startup Elucidata raises $5m in pre-series A money

6. Thai insurtech firm Gettgo raises $6.7m from parent Muang Thai Group

7. MDEC joins hands with 11 ECF platforms to provide funding to Malaysia’s micro companies with cash-flow problems

 

CROSS-BORDER:

.1 From No. 1 to No. 6, Huawei smartphone shipments plunge 41% as U.S. sanctions bite

2. Microsoft’s VC arm leads $9m round in US, Malaysia-based motion graphics firm LottieFiles

 

OVERSEAS

1. SoftBank earmarks $100 million for Miami-based startups

2. U.S. Justice Department probes SpaceX after hiring discrimination complaint

3. SpaceX valuation to hit at least $60 billion in new funding round

4. Coinbase plans to go public through a direct listing, following Spotify, Slack and Palantir

5. Azure cloud will pass Office to become Microsoft’s biggest business next year, says analyst

6. Mental Health Benefits Provider Lyra Health Boosts Valuation to $2.3B With Latest Raise

7. Nubank, the Brazil-based upstart online bank, has reportedly raised $400 million in Series G

8. Cloud data protection platform OwnBackup closed a $167.5 million Series D

9. Scalapay Banks $48M Seed For Buy Now, Pay Later Tool

10. Digital Signage Startup Raydiant Raises $13M Series A From Investors Including Mark Wahlberg

11. SamCart Rolls In With $10M Series A To Provide E-Commerce Platform For D2C Brands

12. CybSafe raises $7.9M Series A led by IQ Capital for its ‘behavioral’ cybersecurity platform

13. Gowalla raises $4 million from GV and Spark for its AR social app

 

Image Credits: Nikkei Asia

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