Chinaccelerator Daily Digest 04/09/2021

CHINA:

1. China’s Bilibili in talks to buy Yoozoo Games’ stake in $765 million deal

2. Hello Chuxing transitions to selling intelligent e-bikes after lackluster performance in bike-sharing service

3. Chinese EV start-up Xpeng to build factory in Wuhan less than a year after putting first plant to work, as EV demand soars

4. Didi Reportedly To Manufacture Its Own Vehicles, Following Xiaomi And Baidu

5. Tencent-backed Chinese property services platform Anjuke files for HK IPO

6. Tencent co-leads funding in Yunyou Frieght

7. Alibaba Health Invests In Yingsheng Biology

8. China’s Abogen Biosciences raises $92m in Series B round

Check out our latest podcast about “Why Experimentation is Imperative to a Startup’s Success with Mukesh Bansal, Co-founder of Phable, and Riaz Mehta, Founder of allrites” 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. Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA

2. Indian VC firm Speciale Invest raises $19m in the first close of its second fund

3. Indian social network ShareChat valued at $2.1 billion in $502 million fundraise

4. Indian B2B platform OfBusiness rakes in $110m lead by Falcon Edge

5. India’s Spinny raises $65 million to expand its online platform for selling used cars

6. Oyo CEO denies reports of the startup filing for bankruptcy

7. Grab announces $275m fund to support its partners, regional communities

8. Impact-tech investor ADB Ventures in talks to raise US$100M debt fund

CROSS-BORDER:

1. Baidu defeats U.S. shareholder lawsuit over China internet law compliance

2. Malaysian social commerce startup AVANA inks JV with Chailease to expand to Taiwan

3. Indian edtech unicorn Byju’s to expand to SE Asia, Latin America

OVERSEAS

1. Consumers now average 4.2 hours per day in apps, up 30% from 2019

2. Verizon recalls 2.5 million hotspot devices due to fire hazard

3. Amazon to open its first grocery stores on the East Coast

4. Nokia’s mobile brand launches $415 smartphone with 5G as it struggles to take on Samsung and Apple

5. Crypto trading on Robinhood spiked to 9.5M customers in first quarter

6. Quiq acquires Snaps to create a combined customer messaging platform

7. Sports streaming service DAZN weighs IPO to drive fresh growth

8. PUBG maker Krafton applies for IPO approval on Korean exchange

9. KKR invests $500M into the cloud content management company Box

10. Google-backed TAE Technologies raises $280 million from new, existing investors

11. Norway’s Oda bags $265M for grocery delivery

12. Corporate Card Fintech Ramp Earns Its Horn Following $115M Series B

13. Database platform Redis Labs raises $110M Series G

14. Gupshup, a provider of conversational messaging tools, raises $100M

15. British fintech start-up TrueLayer raises $70 million to take on Visa and Mastercard

16. Alyce, an AI-based personalised corporate gifting startup, raises $30M

17. Norwegian corporate training startup Attensi raises $26M from NYC’s Lugard Road, DX Ventures

18. Tines Lands $26M To Eliminate The Mundane

19. Mercato raises $26M Series A to help smaller grocers compete online

20. EHR startup Canvas Medical raises $17M and partners with insurance heavyweight Anthem

21. Comet announces $13M Series A for ML model building tool

23. As working out goes virtual, Moxie raises $6.3M Seed+ round led by Resolute Ventures

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