Chinaccelerator Daily Digest 02/01/2021

CHINA:

1 Huawei’s Richard Yu to lead cloud, AI units as telecoms giant pushes into new growth markets

2 ByteDance Challenges Tencent’s Gaming Empire With Bigger Team And More Investments

3 Ant Group’s Micro-Lending Platforms Adjust Quota Management Functions

4 Alipay, JD Digits, Didi remove all bank deposit products: report

5. Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

6. Pinduoduo Reveals China’s Rising “Single Economy” Amid Lunar New Year Season

7. Chinese Phone Maker Transsion Saw Profit In 2020 Up 47%

8. Sequoia-backed Chinese EV startup Leapmotor lands $665m in its series B round

9. Chinese energy IoT platform Newlink Group bags $100m led by CMB International

10. ICW raises US$5.7M Series A+ to further develop its B2B supply chain management platform

11. LandSpace Completes Zhuque 2 Rocket Fairing Separation Test

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MOBILE-ONLY MARKETS:

CROSS-BORDER:

1. US lobby group urges India not to tighten foreign e-commerce rules

2. Xiaomi sues in US court to overturn Donald Trump’s ban on investing in world’s third-largest smartphone maker

3. Google updates Play Store policies on gamified loyalty programs following confusion in India

4. Failed billionaire Jia Yueting’s electric car dream rekindled as Geely and other investors come to the rescue of Faraday Future

5. Online luxury retailer Mytheresa eyes China expansion with tailored shopping experience for wealthy consumers

6. Online wholesale retailer Boxed taps Aeon for Asia expansion

7. Swedish investment firm EQT strengthens APAC presence with opening of Japan office

OVERSEAS

1. SoftBank’s Son expects mass production of driverless cars in 2 years

2. Elon Musk’s explosive SpaceX rocket test reportedly violated its FAA license

3. Robinhood raises $1B after trading halts to keep its platform running

4. Physna raises $20 million for AI that analyzes and digitizes 3D objects

5. SOSV-backed edtech startup ELSA raises $15m in Series B

6. Nerdy, a tutoring marketplace startup, is going public via SPAC

7. Sirenum, a platform for managing shift and gig workers, raises a $2.7M Series A

8. Firehawk Aerospace extends seed funding to $2.5 million with $1.2 million from Harlow Capital

Image Credits: Dignified