Chinaccelerator Daily Digest 05/11/2021

CHINA:

1. China fines edtech firms Zuoyebang and Yuanfudao backed by Alibaba, Tencent for anti-competition violations

2. Alibaba’s Ant Group will let more users test China’s digital yuan

3. Social app Soul prepares for IPO on NASDAQ, with 498 million RMB in revenue in 2020

4. Hong Kong-based crypto lender and asset manager Babel Finance raises $40 mln as interest grows in Asian crypto

5. Insurtech startup Yuanbao scores USD 155 million to catch up with newly listed Waterdrop

6. AI-powered audio technology company 倒映有声 daoyin technology closed Pre-A round

Check out our latest podcast about “Investigating China’s Anti-Monopoly Enforcements on Tech Giants, with Rui Ma, founder of Tech Buzz China” here

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MOBILE-ONLY MARKETS:

1. Thai digital assets startup Atato banks $1m in seed money from Zipmex, SOSV Chinaccelerator

2. Blackstone buys Embassy’s warehousing assets for $700m from Warburg Pincus

3. Indian payments startup BharatPe raises $7m debt from Northern Arc Capital

4. Indian legal platform RuleZero raises $1.4m from Rainmatter, Infosys co-founder

5. Singapore-based blockchain investment firm NGC Ventures launches $20m fund to develop Solana blockchain ecosystem

6. 500 Startups, AC Ventures join seed round of Singapore B2B edtech startup ProSpark

7. Lifty Media, an Indonesian startup that focuses on lift advertising bags pre-series A money

8. Malaysian B2B e-wholesaler Lapasar lands US$1.8M funding

9. PH’s first neobank Tonik raises $17m in pre-Series B funding

CROSS-BORDER:

1. Malaysian drones services firm Aerodyne adds Japanese investors to its cap table

2. Hong Kong tycoon Li Ka-shing’s firm to focus on funding SEA’s tech startups

3. Chinese Lifestyle Brand Platform Onion Global Debuts on NYSE

OVERSEAS:

1. Amazon raises $1 billion sustainable bond for climate, social causes

2. Toyota partners with ENEOS to explore a hydrogen-powered Woven City

3. Self-driving truck startup Plus going public via SPAC

4. Plant-growing tech firm Benson Hill to go public in $1.35 bln SPAC merger

5. Micromobility startup Bird reportedly prepares to go public via SPAC, aims for 2023 profitability

6. Serial fiction app Radish acquired by Kakao Entertainment for $440M

7. Lidar startup Innovusion closes $64M round led by Temasek

8. Kin Raises $63.9M In Series C Funding For Data-Driven Home Insurance

9. StuDocu, a student-to-student knowledge exchange platform, secures $50M

10. Zencargo raises $42M to expand its digital-first freight-forwarding platform internationally

11. Blind raises $37M to double down on workplace gossip and career advice

12. Breadcrumbs Bakes Up $5.4M Seed To Help Companies Grow Revenue

Image Credits: Pandaily