Chinaccelerator Daily Digest 02/05/2021

CHINA:

2. Huawei CEO apologizes for using corporate power to register trademarks for daughter

3. Ant Group restructures into a financial holding company, explores IPO revival

4. Alibaba guides market on US$5 billion debt sale ahead of pricing on Thursday

5. Chinese courier firm SF Holding eyes stake in $5b Kerry Logistics

6. Tencent leads USD 31 million Series C round into gene technology firm Vision Medicals

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MOBILE-ONLY MARKETS:

1. Indian gaming platform Mobile Premier League valued at $945M in $95M fundraise

2. Grab raises US$2B term loan to strengthen liquidity and diversify financing sources

3. Singapore startup KARANA launches Asia’s first whole-plant based meat brand

4. Gojek-backed insurtech startup PasarPolis secures $5m from World Bank’s IFC

5. GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 million seed round

6. The financial wellness firm of ex-Uber, StanChart execs nets $2.5m in seed funding

7. Singapore-based F&B business management firm OrderEZ secures seed funding

8. The sports media company One Championship made $62m but lost $131m in 2019

9. Philippine AI startup Expedock raises US$4M seed

10. Indus Valley Capital raises $13m for debut Pakistan-focused fund, nears final close

CROSS-BORDER:

1. China to lead Asia Pacific’s tech IPO boom in 2021 as well, says Indosuez

2. Spotify witnesses robust growth in Q4 2020 driven by Indian users

3. Korea’s STIC Ventures-backed hotel-booking platform Go2Joy Vietnam nabs Series A+

4. Bain Capital in talks to acquire Indian packaging company Parksons for $411m

OVERSEAS

1. The cloud infrastructure market hit $129B in 2020

2. EU electric and plug-in hybrid car sales jump to over 1 million in 2020

3. SoftBank third-quarter earnings recovery seen driven by IPO boom

4. Peloton quarterly sales top $1 billion, but shares fall as cycle maker steps up further supply chain investments

5. Microsoft beefs up Teams with learning tools as companies prepare to reopen offices

6. T-Mobile beats quarterly postpaid phone additions estimates

7. Samsung considers Austin for $17 billion chip plant, eyes tax breaks of at least $806 million: documents

8. Australian drone firm reshapes strategy over Google pull-out threat

9. HubSpot acquires media startup The Hustle

10. Rad Power Bikes raises $150 million as electric bike sales boom

11. BigChange raises $102M for fleet platform

12. Tovala, the smart oven and meal kit service, heats up with $30M more in funding

13. Flink Takes $12M Series A To Provide Latin Americans Access To Stock Markets

14. Metalenz, a developer of meta-optic technologies for new lenses, puts $10M Series A into focus with investment from Intel and 3M

15. Health tech startup Bold raises $7 million in seed funding for senior-focused fitness programs

16. Decentralized finance (DeFi) options protocol Opyn closed a $6.7 million Series A funding round

17. Vested Finance Banks $3.6M To Develop U.S. Stock Platform For Indian Investors

18. AI Dungeon-maker Latitude raises $3.3M to build games with ‘infinite’ story possibilities

Image Credits: KrAsia