Chinaccelerator Daily Digest 06/23/2021

CHINA:

1. Sichuan shuts down crypto mining centers, Chinese banks prohibit crypto trading

2. TikTok creator ByteDance edges up to USD 425 billion valuation on gray market

3. Baidu Announces Six Paths to Realizing Its 2030 Carbon Neutrality Target

4. SoftBank-backed grocery delivery company Dingdong targets over $6 bln valuation in U.S. IPO

5. Tencent-backed Chinese online grocer Missfresh eyes $3.8b valuation in US IPO

6. Chinese Online Teaching Platform Spark Education Files for Nasdaq IPO to Raise 100 Million US Dollars

7. Chinese Biotech Firm Biocytogen Bags Tens of Millions of Dollars in Funding

8. Sportswear startup Quanliang Quansu raises USD 100 million to become the next Shein

9. China’s Linkedcare, a SaaS supply chain platform, raises over $100m from Investcorp, Matrix, others

10. M31 Capital leads $60m Series C round for Chinese IT data analytics startup EOITEK

11. Cloud-based 3D design platform Realibox closes Series A for interactive collaborations

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MOBILE-ONLY MARKETS:

1. Singapore-based Circulate Capital hits $14m first close of new fund targeting plastic waste, circular economy

2. Grab to launch carbon offset feature in July, expands Hyundai EV partnership

3. Singaporean initiative – The Incubation Network launches plastic management program for startups in SEA, South Asia

4. Ex-Honestbee, Foodpanda exec’s new cloud kitchen startup 3 Square banks $1.2m in seed funding

5. Singaporean VC firm Antler expands into Vietnam, ex-Zalora exec to head the unit

6. Singapore software firm Azentio acquires Indian insurtech platform

7. Indian conglomerate Tata plans up to USD 2.5 billion in fundraising to boost its super app play

8. VC firm that backed Indian unicorn ShareChat raises $64m for its fourth fund

9. India: CommerceIQ raises fresh $60m funding led by Insight Partners

10. India: Smart city solutions provider Quantela raises $40m from Digital Alpha

11. Ahead of IPO, India Pesticides raises $32m from Wells Fargo, ADIA, other investors

12. Indian social commerce startup CityMall nets $22.5m in funding

13. Indian creator of edtech games, Skillmatics, toys banks $6m in Sequoia-led round

14. Indian insurtech startup Bimaplan rakes in $2.5m in pre-series A money

15. Tencent, Pavilion join series B round of Philippine B2B ecommerce platform GrowSari

16. Indonesian BNPL startup Kredivo gets additional $100m debt facility from US firm

17. Egypt’s trucking marketplace Trella raises USD 42 million in Series A round led by Maersk and Raed Ventures

CROSS-BORDER:

1. U.S. chip foundry announces new manufacturing plant in Singapore

2. Swedish court upholds ban on Huawei selling 5G network gear

3. Southeast Asia’s biggest tech group Sea tops SoftBank in market cap amid Latin America expansion

OVERSEAS:

1. Electric cars may outsell petrol-fuelled vehicles sooner than expected in 2033, EY’s AI prediction tool says

2. Tesla attorney Lynn Miller leaves for autonomous trucking start-up Plus

3. Facebook expands Shops to WhatsApp, Marketplace in commerce push

4. DoorDash and Albertsons partner on same-day grocery delivery from nearly 2,000 stores

5. Uber is buying the rest of grocery delivery start-up Cornershop

6. Dutch payments firm Mollie said it raised $800 million

7. S.Korea mobile financial app Toss operator valued at $7.4 bln in latest funding

8. Transmit Security Becomes Cyber’s Latest Unicorn After $543M Series A

9. Insilico Medicine raises $255M for AI drug discovery

10. Austria’s online tutoring platform GoStudent lands $244M

11. Software marketplace G2 picks up $157M

12. Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation

13. Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation

14. Israeli startup JoyTunes, the developer of a music learning app, has raised USD 50 million at USD 1 billion valuation

15. Merlyn Mind emerges from stealth with $29M and a hardware and software solution to help teachers with tech

16. Equinom Lands $20M Series C To Develop Ingredients For Sustainable Nutrition

17. MAJORITY raises $19 million for its mobile banking service for migrants

18. Memory.ai, the startup behind time-tracking app Timely, raises $14M to build more AI-based productivity apps

19. Cabana Raises $10M Series A For Luxe Travel Van Rentals

20. Holy Grail raises $2.7M seed fund to create modular carbon capture devices

Image Credits: Reuters