Chinaccelerator Daily Digest 03/26/2021

CHINA:

1. China’s Hillhouse Capital to buy Philip’s appliance arm for $4.37b

2. Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant

3. Xiaomi moves past struggling Huawei as No 1 Chinese smartphone vendor in global market

4. PUBG Mobile reports 1 billion accumulated downloads since 2018 launch

5. Tencent vows to embrace open platform amid antitrust crackdown

6. Tencent reports USD 74 billion revenue for 2020

7. Xinjiang cotton controversy spills into virtual battle, as Tencent removes Burberry outfit from Honour of Kings, China’s top game

8. Chinese yogurt brand Simple Love raises $122m for supply chain upgrade

9. Chinaccelerator portfolio company viAct raises $2M for its automated construction monitoring platform

Check out our latest podcast about Secret Sauce of ByteDance’s Massive Boom with Matthew Brennan, Book Author of “Attention Factory; The story of TikTok and China’s ByteDance” 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. India says video streaming platforms should be held responsible for content

2. Indian edtech giant Byju’s in talks to raise over $600 million at $15 billion valuation

3. Indian gaming firm Dream Sports banks $400m from early Netflix investor TCV, others

4. India-based ecommerce firm CityMall banks $11m in Accel-led round

5. Tencent-backed Indian fintech firm Khatabook acquires accounting app in $10m deal

6. Bukalapak sued for $6.3m by Indonesian real estate developer

7. Indonesian co-living startup Flokq acquires YukStay

8. A Singapore-based fintech firm Dltledgers raised $7m in its series A round

CROSS-BORDER:

1. Sequoia raises $195 million for second seed fund to back entrepreneurs in India and Southeast Asia

OVERSEAS

1. Europe needs $355 billion for 5G rollout, industrial study says

2. MaC Venture Capital Raises Its First Fund Of $110M To Invest In Seed-Stage Companies

3. BBG Ventures just closed on $50 million to fund more women-led startups

4. British electric vehicle firm Arrival sinks in SPAC debut

5. TheScore, valued at $1 billion, is playing underdog in U.S. sports gambling and public markets

6. Everlywell acquires two healthcare companies and forms parent Everly Health

7. Gorillas, the on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation

8. UK start-up funding platforms Crowdcube and Seedrs scrap $190 million merger amid competition concerns

9. Pie Insurance raises $118M for data-driven workers’ comp coverage

10. Argentina’s Digital House raises over $50M to help solve LatAm’s tech talent shortage

11. Ease Closes $41M Series C To Help SMBs Handle Benefits

12. Digital banking startup Greenwood raises $40 million from big banks

13. Drone data scanning company Skycatch announces a $25M raise

14. Holberton raises $20M as it pivots to become an edtech SaaS company

15. European branded payments startup Recharge raises $11.8M debt round led by Kreos Capital

16. Baton raises $10.5M to create ‘drop zones,’ where truckers can hand off freight

Image Credits: KrAsia