Chinaccelerator Daily Digest 03/16/2021

CHINA:

1. Chinese Tesla rival Xpeng Motors gets $76 million investment from government

2. China Evergrande’s EV firm partners Tencent unit to develop smart vehicle OS

3.China’s JD.com in talks to buy stake worth $1.5 billion in brokerage

4. China’s Geely to add $5 billion battery plant in EV push

5. Baidu’s AI chip unit Kunlun completes new funding, at $2 billion valuation

6. Tencent picks up 5% stake in China’s game developer Century Huatong for $429m

7. Chinese online car platform Autohome expects data products to drive growth as it works closely with NIO, Xpeng and Li Auto

8. Matrix-backed B2B trading platform ICHunt nets nearly $100m from JD MRO

9. Chinese medical device maker Hanyu closes $77m in Series D+ round

Check out our latest podcast about “The Rise of Technification in Southeast Asia, with Peng T. Ong, Co-founder and Managing Partner of Monk’s Hill Ventures” here

Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here

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MOBILE-ONLY MARKETS:

1. Mexican challenger bank Fondeadora adds $14 million to its Series A

2. Indian gaming startups raised over USD 500 million in the last six months

3. India’s fintech startup CRED in talks to raise $200 million at $2 billion valuation

4. Indian early-stage VC firm Ankur Capital raises $45.4m in its second fund

5. Uber’s subsidiary Careem landed $1.7m in seed money

6. Wise appoints Grab co-founder, ex-Trainline CEO to its board

7. Singapore logistics startup Haulio bags pre-series A funding

8. SG’s co-living startup Hmlet in talks to raise $25m round led by EDB investment arm

9. Ouch! bags US$364K seed funding for its insurance platform

10. Pakistan-based healthtech firm Sehat Kahani lands $1m in pre-series A round

11. ESB, Indonesia’s answer to Toast, bags US$3M in Beenext-led Series A round

CROSS-BORDER:

1. Xiaomi Shares Surge After US Court Suspends Investment Ban

OVERSEAS

1. Rogers’ $16 billion bid for Shaw shakes up Canadian telecoms industry, may irk regulators

2. Amazon-backed Deliveroo aims to raise $1.4 billion in upcoming IPO

3. Software startup Sprinklr confidentially files for IPO

4. Cruise acquires self-driving startup Voyage

5. Shared micromobility startup Bird to spend $150 million on European expansion plan

6. Swedish battery manufacturer Northvolt receives a $14 billion order from VW

7. S Korea’s Naver in alliance talks with Emart to counter rise of Coupang

8. Insitro, a drug discovery and development startup with a focus on machine learning, raises $400M Series C

9. Airtable is now valued at $5.77B with a fresh $270 million in Series E funding

10. Genesis raises $45M to expand its fintech-focussed low-code platform to more verticals

11. Zeller, a fintech founded by Square alumni, raises $25M AUD Series A led by Lee Fixel’s Addition

12. DeepSee.ai raises $22.6M Series A for its AI-centric process automation platform

13. Sherpa raises $8.5M to expand from conversational AI to B2B privacy-first federated learning services

14. Austin’s SchooLinks Raises $8.3M Series A For College And Career Planning

15. Building-code compliance startup UpCodes gets $3.36M in pre-Series A funding

16. Uplift Labs Picks Up $3M Seed To Improve Human Movement

17. Creator marketplace developer Gumroad raised $1 million at a $100 million valuation

Image Credits: Pandaily