Chinaccelerator Daily Digest 04/06/2021

CHINA:

1. Power bank providers Soudian and Jiedian merge to amp up challenge against newly listed firm Energy Monster 

2. Tencent-backed online hospital WeDoctor files for IPO

3. Chinese chipset maker UNISOC nets $815m, seeks to file for STAR IPO by end-2021

4. ByteDance Said to Consider IPO for Douyin in Hong Kong or New York, Increasing Its Valuation to Nearly $400 Billion

5. Mainland developer Country Garden bets on robots as it looks to become world’s largest intelligent catering group

6. VSPN Acquires Livestreaming Talent Agency Famulei

7. Xpeng says its self-driving tech outperforms Tesla’s

8. 58.com’s used goods trading platform Zhuan Zhuan rakes in $390m

9. iPhone producer Wistron leads $4.3m round of Taiwan machine learning startup

Check out our latest podcast about “Evaluating the Rise of SaaS in China with Shao Lee, Partner at Global Founders Capital” here

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MOBILE-ONLY MARKETS:

1. BYJU’S acquires Aakash for nearly $1B

2. India’s Swiggy nears $5 billion valuation in new $800 million fundraise

3. Indian social commerce startup Meesho lands $300M in SoftBank-led round

4. Neobank StashFin closes $40m in series B extension funding

5. Monk’s Hill Ventures joined career platform Glints’ $22.5m round

6. Singapore, India-based SaaS firm Circus Social bags $1m in Inflection Point Ventures-led round

7. Pakistani fintech firm SadaPay raises country’s biggest seed financing

8. Conicle bags US$3M Series A to grow its ‘cloud university’ in Thailand

CROSS-BORDER:

1. South Korea’s SK Group buys 16.3% stake in Vietnam’s VinCommerce for $410 million

2. ByteDance says India’s freeze on bank accounts is harassment – court filing

3. KKR hits $15b in final close of its latest Asia Pacific fund

4. Facebook co-founder’s B Capital could set aside 40% of its $1.9b fund for China

5. SoftBank to take 40% stake in warehouse robotics firm AutoStore for $2.8b

OVERSEAS

1. Digital health funding high again in Q1 2021 in the U.S.

2. Crypto market cap surges to record $2 trillion, bitcoin at $1.1 trillion

3. Fueled by pandemic, contactless mobile payments to surpass half of all smartphone users in US by 2025

4. LG is shutting down its smartphone business worldwide

5. Tesla delivered 184,800 vehicles in the first quarter of 2021, Model S and X production dropped to zero

6. Bank software provider Alkami aims for over $2 billion valuation in U.S. IPO

7. Ribbit Capital leads $26.7M round for Brazilian fintech Cora

8. FinanZero, Brazil’s free online credit marketplace, raises $7M

9. ConductorOne raises $5M in seed round led by Accel to automate your access requests

Image Credits: PYMINTS