Chinaccelerator Daily Digest 03/22/2021

CHINA:

1. 70% Chinese enterprises believe China will see V-shaped recovery

2. Foshan offers financial incentives of up to US$3 million to lure tech talent, start-ups from other Greater Bay Area cities

3. Didi Chuxing planning for an IPO in the next quarter

4. Xiaomi Reportedly Preparing Electric Car Project that Could Launch as Soon as April

5. Chinese sportswear brand Li Ning bucks retail decline, posts better-than-expected net profit for 2020

6. China-focused Xingtai Capital raises $23m for feeder fund

7. Matrix, LAV co-lead $62m round in Chinese biotech firm NovoCodex

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. Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

2. Southeast Asian startups raised $8.6b in 2020 — just 16.5% of it went to women-led firms

3. New Singaporean VC firm M Capital closes maiden fund at $31m

4. Gojek-backed wealthtech startup Pluang bags $20m in pre-series B round

5. ACKTEC bags US$1M seed to expand its immersive learning platform to Asia

6. Segari, the e-grocery startup of ex-Grab, Traveloka execs bags seed money in Beenext-led round

7. Indian court orders a halt on $3.4b Future-Reliance deal

8. Indian food delivery unicorn Zomato likely to file for IPO next month

9. Indian insurance aggregator Policybazaar raises $75m led by Falcon Edge ahead of IPO

10. Fireside Ventures to invest in Indian beauty products startup Earth Rhythm

11. India Quotient leads $1.5m seed round in NeoDove

12. Pluang rakes in US$20M pre-Series B to provide easy access to micro-savings, micro-investment products in Indonesia

13. PH live streaming app Kumu finalising $15m Series B funding

CROSS-BORDER:

1. Tesla cars banned from China’s military complexes on security concerns

2. Foxconn in talks with Vietnam’s VinFast about EV tie up

OVERSEAS

1. Blackstone raises $4.5B for first growth equity fund

2. Snapchat is paying $1 million a day to creators of popular short videos, and some are getting rich

3. Mozilla leads push for FCC to reinstate net neutrality

4. Facebook showcases wrist-worn AR interface concept

5. YouTube launches its TikTok rival in the U.S., named as YouTube Shorts

6. Cloud security startup Wiz, founded in 2020, raises USD 130 million

7. Fetcher raises $6.5M to automate parts of the recruiting process

8. Mexico Micro Lender Baubap Banks $3M Growth Round For Mobile Platform

Image Credits: Yicai Global