Chinaccelerator Daily Digest 02/09/2021

CHINA:

1 China finalizes new anti-monopoly rules for tech companies

2 China plans to hand out $1.5 million in a digital currency test during the Lunar New Year

3 China Regulator Fines Online discount retailer Vipshop 3 Million Yuan for Unfair Competition Following Probe

4 Beijing court accepts ByteDance’s US$14 million lawsuit against Tencent, starts proceedings

5 Huawei Could Hand Out 40 Billion Yuan in Cash Dividends to Staff: Report

6 TikTok Plans to Enter E-Commerce Business in 2021 with Livestream Shopping

7 Electric car Byton Seeks SPAC Listing

8 TechNode Global raises $1 million from Kairous Capital, Nutty Capital, and SPH Ventures

9 Chinese OMO edtech firm Fenbi nets $390m in initial round led by IDG, Trustbridge

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MOBILE-ONLY MARKETS:

1 Indonesian P2P lenders see hike in loan demand from VC-backed startups

2 Northstar ties up with Google Indonesia to help portfolio firms

3 Grab ties up with a cloud kitchen startup Yummy corp to help F&B businesses in Indonesia

4 Singapore mobility startup Swat bags funding from Global Brain-backed fund

5 mm2Asia, entertainment & media company,  receives interest from PE firm for minority stake in “core business”

6 Real-estate portal 99.co sees 62% surge in 2020 revenue amid Covid-19 setbacks

7 VerSe Innovation, the Indian creator of Dailyhunt, Josh, raises $100m Series H

8 SOSV MOX portfolio – Indian health tech startup Phable raises $12 million to serve patients with chronic conditions

9 Bangladesh-based Maya, a startup focused on accessible healthcare, raises $2.2 million seed round

10 IPO-bound Indian online grocer Grofers net loss widens in FY20

11 Vietnam-based proptech Rever said to seek up to $10m funding

12 Thailand’s SCB 10X launches $50m fund focused on blockchain, digital assets

13 Mosaic Solutions bags extra US$1M in pre-Series A to expand cloud-based platform targeting F&B, hospitality industry

CROSS-BORDER:

1 Tesla executives grilled by Chinese authorities over the quality of its Shanghai-made Model 3 electric cars

2 Vietnam’s Vinfast gets nod to test self-driving vehicles on California streets

3 Blackstone commits $150m in startup capital to Hong Kong-based hedge fund ApaH

4 Japanese chipmaker Renesas in talks to buy UK-based Dialog at $6b valuation

5 Lalamove shuts Philippines food delivery

6 Chinese electric scooter maker Niu in talks to supply Gojek

7 Clubhouse no longer accessible in China

8 TikTok to introduce new ecommerce tools in the US to take on Facebook

OVERSEAS

1 Hyundai, Kia shares skid as automakers call off talks with Apple for electric cars

2 Tesla buys $1.5 billion in bitcoin, plans to accept it as payment

3 Toyota-backed self-driving startup Pony.ai raises $100m Series C+ round

4 SoftBank posts $11b Q3 net profit on investment gains from Vision Fund

5 Reddit, the Talk of the Internet, Raises $250 Million

6 MIT is building a ‘one-stop shop’ for 3D-printing robots

7 Tokyo-based RESC: Promoting sustainability with an IoT battery platform for e-mobility and smart grid

8 Nexthink, Internal IT system start up, nabs $180M Series D on $1.1B valuation

9 Micromobility startup Helbiz to go public via a SPAC, and will expand into ghost kitchens

10 Getaway, a startup building tiny cabins, raises $41.7M

Image Credits: Pandaily