Chinaccelerator Daily Digest 06/16/2021

CHINA:

1. China tells e-commerce platforms to regulate promotional phone messages

2. China’s Fashion Unicorn Shein Accused of Copyright Infringement

3. Horizon Robotics lands USD 1.5 billion in hot autonomous driving sector

4. Cross-border ecommerce Wook closed Series C of several hundred million RMB

5. Chinese pharmacy platform Yaoshibang secures $270m funding

6. Chinese sportswear maker Xtep gets US$129 million boost from Hillhouse Capital to grow K-Swiss, Palladium brands in global markets

7. Chinese SaaS provider Xiaoetong 小鹅通 nabs USD 120 million from Hillhouse, more

8. Tablet startup Jingling nabs USD 10 million from Sinovation and other investors

9. Chinese blockchain company Rangers Protocol raises funds at $63m valuation

10. Intelligence detection platform for electric vehicles qingyanjingzhun 清研精准 closed Series A

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MOBILE-ONLY MARKETS:

1. Tiger Global in talks to lead $100m round in Indian used-car marketplace Spinny

2. Indian online education firm Cuemath eyes $100m funding by year-end

3. Apna raises $70 million to help workers in India secure jobs

4. FamPay, a fintech aimed at teens in India, raises $38 million

5. Indian BNPL startup secures $4.8m in series A money Flexmoney

6. Singaporean media investment firm Vistas Media Capital (VMC) sets up $150m SPAC fund for MENA region

7. Singaporean data center startup Digital Edge buys Indonesian firm for $165m

8. WaveScan raises funding to develop infra inspection and maintenance drones

CROSS-BORDER:

1. Foxconn invests $36 mln in EV partnership with Gigasolar

2. EV battery swapping startup Ample charges up operations in Japan, NYC

3. Chinese startup Pony.ai plans to launch a driverless robotaxi service in California in 2022

4. Singapore-based startup Aevice Health bags US$2M for its wearable smart stethoscope, expands to Japan

OVERSEAS:

1. Mobile game spending hits record $1.7B per week in Q1 2021, up 40% from pre-pandemic levels

2. Bank of America spends over $1 billion per year on cybersecurity, CEO Brian Moynihan says

3. Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidia’s $40 billion acquisition

4. FedEx to test package deliveries with self-driving startup Nuro

5. GM’s self-driving car unit Cruise to access $5 bln credit line

6. Lyft launches EV rental pilot program for ride-hail drivers in Northern California

7. G2 Venture Partners raises $500 million to fund sustainable tech

8. Game maker Krafton aims for up to $5 bln in S.Korea’s biggest IPO

9. Home services platform Thumbtack raises $275M on a $3.2B valuation to double down on home management

10. 10x, a UK fintech, raises $187M to build new services for old banks

11. Messaging social network IRL hits unicorn status with SoftBank-led $170M Series C

12. PayCargo Banks $125M Series B To Speed Up Movement Of Cargo

13. Uberall raises $115M, acquires MomentFeed to scale up its location marketing services

14. Solar concentration startup Heliogen basks in $108M of new funding

15. Formative lands $70M for edtech, a tool for educators to track students work in real-time

16. Duda, a WordPress rival, raises $50M to help agencies and bigger companies build better websites

17. Elisity raises $26M Series A to scale its AI cybersecurity platform

18. Macrometa Locks Down $20M To Be The Amazon Prime Of Edge Computing

19. Carbyne raises $20M more so when death knocks, you don’t answer the door

20. SkyWatch raises $17.2M for its Earth observation data platform

21. Robotic landscaping startup Scythe emerges from stealth with $13.8M raise

Image Credits: Pandaily