Chinaccelerator Daily Digest 04/30/2021

CHINA:

1. China spends more importing semiconductors than oil

2. China’s Baidu to launch paid driverless ride-hailing services in Beijing

3. Chinese regulator may fine Tencent over $1.5b for antitrust violations

4. Alibaba injects Tmall Haofang into E-House as property industry follows retail sales in marching to the internet’s beat

5. Huawei Reports 16.5% Drop in Revenue with Smartphone Business Hit Hard by US Sanctions

6. JD Logistics’ HK IPO Approved

7. Chinese marketing tech startup Mobvista acquires mobile ad platform Reyun in $232m deal

8. Bilibili, others to invest $110m in HK-listed mobile game publisher CMGE Technology Group

9. China’s Kelun Biotech nets over $77m funding led by CMC-SDIC Capital

10. SIG leads $70m Series C round for Chinese auto marketplace YIAUTO

Check out our latest podcast about “Setting your Startup for Success: VCs Perspective on Chinese startups expanding across borders, Becoming Investible, and Leveraging Investors; w/ Rui Ma, Kal Patel and Nichapat Ark” here

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MOBILE-ONLY MARKETS:

1. CCI okays Tata Group’s acquisition of online grocery platform BigBasket

2. Byju’s to spend up to $400m to shop for 2 more Indian edtech startups

3. India-based micro-retail commerce startup ElasticRun said it raised $75 million in its Series D financing round

4.Indonesian consumer research startup Populix gets $1.2M in pre-Series A funding

5. Indonesian customer retention startup Tada secures funding in MDI Ventures-led round

6. With an eye on global prize, SG data intelligence firm Near inches closer to unicorn status 

7. Singapore adtech startup Bounty Media bags $415k seed funding from VC firm SOSV MOX

CROSS-BORDER:

1. Sony launches PlayStation 5 console in China ahead of Microsoft’s Xbox

2. Temasek, DBS, JP Morgan to launch global payments platform on blockchain

3. Sea Group, Alfamart said to be in talks to invest in Indonesia’s Bank Aladin Syariah

OVERSEAS:

1. Smartphone shipments jumped 27% globally in Q1

2. Amazon’s ads business is generating nearly $7 billion a quarter, and growth is accelerating

3. Amazon’s cloud division reports 32% revenue growth

4. Shopify surges after e-commerce boom fuels big earnings beat

5. Microsoft to take smaller cut from video game developers

6. Facebook to pay $5 mln to local journalists in newsletter push

7. Capchase creates $100M fund for women, minority business owners

8. IBM is acquiring cloud app and network management firm Turbonomic for up to $2B

9. Paxos pulls in $300M for blockchain infrastructure

10. TravelPerk raises $160 million as investors bet business travel will rebound this year

11. Vectra AI picks up $130M at a $1.2B valuation for its network approach to threat detection and response

12. Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

13. Alchemy, a Coinbase-backed start-up quietly powering the NFT boom raises new funding

14. EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

15. PortalOne raises $15M from Atari and more for a new hybrid gaming/TV show app

16. Firstbase Raises $13M To Help Companies With Remote Work

Image Credits: TechNode