Chinaccelerator Daily Digest 02/03/2021

CHINA:

1 China launched its national carbon trading market yesterday

2 Alibaba says its cloud computing business holds tremendous potential as China picks up pace on digitalisation drive

3 Alibaba promises cooperation with antitrust probe, Ant Group rectification plan as quarterly revenue rises 37 per cent

4 Short video app Douyin sues Tencent alleging monopolistic behaviour

5 JD Logistics To File for Hong Kong IPO This Month: Reports

6 GL Ventures, others back gene therapy company Exegenesis Bio

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MOBILE-ONLY MARKETS:

1 India’s B2B marketplace Zetwerk raises $120m from Greenoaks, Lightspeed

2 IFC proposes to invest $3m in Bangladesh’s digital trucking platform Truck Lagbe

3 Indonesian startup Green Butcher closes seed round led by Teja Ventures, Unovis

4 Indonesia’s BukuWarung, an accounting app start-up, raises funding from Rocketship.vc, others

5 Monk’s Hill Ventures leads $5m series A round in Singaporean healthtech firm, Bot MD

6 Qapita secures investment from East Ventures to further develop digital equity management platform

CROSS-BORDER:

1 Newcomer Clubhouse Could Face Tough Competition from Chinese-backed Social Audio Apps

2 Amazon scores Indian win as court freezes Future’s $3.4b retail deal

3 Temasek leads $75m Series D funding in Canadian carbon capture firm Svante

OVERSEAS

1 Britain is cracking down on the $3.7 billion ‘buy now, pay later’ industry

2 Bezos to give reins to cloud boss Jassy as Amazon’s sales rocket past $100b

3 Google Cloud lost $5.61 billion on $13.06 billion revenue last year

4 Alphabet revenue up 23% as core advertising business shows strong growth

5 UPS shares jump on strong fourth-quarter earnings as Covid drives online shopping

6 Global PE consortium to buy US chemicals firm DuPont Clean Technologies for $510m

7 Rent-To-Own Startup Divvy Homes Raises $110M

8 Omnispace raises $60M to fuse satellites and 5G into one ubiquitous network

9 Valon closes on $50M a16z-led Series A to grow mobile-first mortgage servicing platform

10 Alma Expands Mental Health Network Buoyed By $28M Series B

11 Oyster Raises $20M To Allow Companies To Hire Anywhere

12 Commuting platform startup Hip lands $12 million to help companies bring employees back to the office

13 TrustLayer raises $6M seed to become the ‘Carta for insurance’

14 Alloy raises $4M to build out its e-commerce automation service

Image Credits: Deal Street Asia