Chinaccelerator Daily Digest 04/29/2021

CHINA:

1. Huawei reports 16.5% drop in revenues in first quarter, warns of ‘another challenging year’ ahead

2. Microsoft says LinkedIn topped $3 billion in ad revenue in the last year, outpacing Snap and Pinterest

3. Binance, the world’s largest cryptocurrency exchange, is launching an NFT marketplace

4. E-commerce giant JD.com used China’s digital currency to pay some employees

5. Baidu App Unveils New Strategy as it Hits 560 Million Monthly Active Users

6. Nio To Launch LFP Battery Packs

7. Social commerce unicorn Red eyes US public listing

8. S.F. Holding, Chinese rival to Fedex, to spin off US$786 million of logistics assets in Hong Kong REIT listing plan

9. Taiwan chipmaker UMC to spend $3.6 bln to expand capacity

10. Hillhouse Capital, China’s Tuya set up $400m fund to invest in global IoT sector

11. Huya Lands Exclusive Rights for Chinese League of Legends Events in $310 Million Deal

12. Matrix Partners China co-leads $77m Series A_ funding in Chinese semiconductor player Vastai Tech

13. China’s Qihoo 360 mulls leading EV brand Nezha’s Series D round

14. Chinese agricultural drone maker EAVision secures $30m in round led by Temasek, others

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MOBILE-ONLY MARKETS:

1. India: IFC proposes $15m investment in Prime Venture’s latest VC fund

2. India’s food delivery service Zomato Files For IPO

3. Indian gig marketplace Urban Company raises $190m in new round

4. India’s ElasticRun raises $75 million to grow its commerce platform for neighborhood stores

5. Super, an Indonesian hyperlocal social commerce startup, raises $28M led by SoftBank Ventures Asia

6. Indonesian payments firm Ovo and Prudential launch digital life insurance product

7. Indonesian micro-retail firm Warung Pintar partners with FMCG major Reckitt

8. Indonesian fitness startup Doogether banks pre-series A money after expanding into online classes

9. Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

10. Kenya’s Ajua acquires WayaWaya to consolidate consumer experience play in African SMEs

11. Singapore fintech Fomo Pay partners with Atome to offer BNPL services

12. Gobi Partners, Warner Music invest in Philippine esports entertainment firm Tier One Entertainment

13. Vietnam’s Topebox raises US$1M to launch latest blockchain game My DeFi Pet

14. POC Pharma raises US$4.5M to digitise pharmacies in Vietnam

CROSS-BORDER:

1. Ivorian startup Afrikrea partners with DHL and Visa to launch SaaS e-commerce platform ANKA

2. TikTok to open a ‘Transparency’ Center in Europe to take content and security questions

3. Singapore’s renewable energy major Sunseap raises series E round for its expansion into Japan

4. Singapore smart home startup Habitap expands into Indonesia

5. Major Chinese investors in talks to acquire stake in Saudi Aramco

OVERSEAS:

1. UK’s BT Group in talks to divest stake in television unit -The Telegraph

2. Qualcomm revenue pops 52% on strong smartphone demand

3. Facebook revenue rises 48% driven by higher-priced ads

4. Alphabet reports big earnings beat as revenue grows 34%

5. 3D-printing marketplace Shapeways set for SPAC

6. MessageBird acquires SparkPost for $600M using $800M Series C extension

7. Stripe acquires TaxJar to add cloud-based, automated sales tax tools into its payments platform

8. Founders Circle Capital has raised a new $355 million fund to buy mostly secondary shares

9. Stockholm’s Kry picks up $317M for telehealth

10. Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B

11. Mobile bank Current raises $220 million Series D, triples valuation to $2.2B

12. Sysdig’s valuation hits $1.19B after $188M Series F to provide both cloud and container security for enterprises

13. Automox Raises $110M To Help IT In Post-COVID World

14. Teen banking service Step raises $100M Series C, announces Steph Curry’s investment

15. Blockchain developer platform Alchemy raised $80 million in a Series B round

16. OpenClassrooms raises $80 million for its online education platform

17. Greece’s Viva Wallet raises $80M for its neo-bank targeting small business merchants

18. Caring For Backs, Lungs: Kaia Health Raises $75M Series C

19. EasyMile raises $66M for its autonomous people-and-goods shuttles

20. Brazil-based fintech company Warren announced a $55 million Series C round

21. Property management startup Guesty raises $50M and acquires competitor Your Porter

22. Family tracking app Life360 to acquire wearable location device Jiobit for $37M

23. Gamified connecting rowing machine maker Ergatta raises $30M

24. Yousician raises $28M to make music education more accessible

25. Honorlock Raises $25M For Online Exam Proctoring

Image Credits: Mint