Chinaccelerator Daily Digest 03/05/2021

CHINA:

1. ByteDance developing Clubhouse-like app for China amid copycat rush

2. ByteDance to boost education business with 13,000 new hires

3. ByteDance Invests In Autonomous Driving Startup QCraft

4. Tencent’s New Robotic Dog Max Has Wheels On Its Knees, Can Travel At 25KM/Hour

5. Trip.com’s revenue decline slows in Q4, as it expects a strong travel rebound

6. Hong Kong fintech Kiwi Pay merges with Meal Temple to launch a super app

7. Chinese biopharma startup lands $123m funding in series A, B rounds

8. Sequoia China leads angel round for AI chip maker Houmo.ai

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MOBILE-ONLY MARKETS:

1. Indian ecommerce giant Flipkart said to eye U.S. listing via SPAC

2. Indian logistics startup Delhivery acquires SaaS startup Primaseller

3. Indian edtech firm Questt banks $1.35m in seed money

4. Singapore lending firm Lend East launches revenue-based debt funding solution

5. Singapore insurtech firm Symbo Platform Holdings nets $9.4m in its series A round

6. Indonesia set to regulate e-commerce to stop predatory pricing

7. Indonesia’s last-mile delivery startup SiCepat raises $170m from Falcon House, MDI, others

CROSS-BORDER:

1. Australian fintech firm Airwallex acquires Hong Kong-based UniCard Solution

2. Alibaba acquires Bangladeshi food delivery startup HungryNaki

3. Xebia partners with DigibankASIA to launch digital bank in the Philippines

4. Anghami, the leading music streaming platform in the Middle East and North Africa, to list on Nasdaq via SPAC at USD 220 million valuation

5. Microsoft-backed ecommerce platform Bukalapak considers US listing via SPAC

OVERSEAS

1. Spain to use EU funds for electric-car battery plant with SEAT, Iberdrola

2. Facebook trains A.I. to ‘see’ using 1 billion public Instagram photos

3. SoftBank, Naver’s affiliates complete merger to launch a $30b tech giant

4. Dorsey’s Square is acquiring a majority stake in Jay-Z’s streaming music company Tidal

5. Okta’s $6.5B Deal For Auth0 Latest Sign Of Growing Appetite For ID Security

6. Coursera is planning to file to go public tomorrow

7. Hopin rides the pandemic-driven boom in online events to a $5.65 billion valuation

8. Jungle Scout raises $110M, acquires Downstream Impact to help 3rd parties sell on marketplaces like Amazon

9. Papaya Global raises $100M more at a $1B+ valuation for tools to hire, pay and manage distributed workforces

10. Snapcommerce Bags $85M Growth Round For Commerce Messaging Platform

11. Tytocare lands $50M for remote exams

12. Stream raises $38M as its chat and activity feed APIs power communications for 1B users

13. Headless Commerce Platform Webscale Targets Growth With $26M Series C

14. Seebo, which enables manufacturing plants to reduce inefficiencies, raises $24M

15. Livestream Shopping Platform Whatnot Inks $20M Series A, Targets Lovers Of Collectibles

16. Luxury air travel startup Aero raises $20M

17. German insurtech platform Hepster raises $10M Series A led by Element Ventures

18. Social commerce startup Elenas raises $6M and plans for international expansion

Image Credits: Reuters