Chinaccelerator Daily Digest 07/06/2021

CHINA:

1. Chinese antitrust regulator to block Tencent’s videogaming merger

2. Didi cybersecurity review expected to set precedent for future ‘national security’ probes into data collection

3. ByteDance Puts Money Behind Influencer Li Ziqi, Marching into New Consumption Field

4. Autonomous driving startup Freetech lands USD 100 million Series A

5. AI chip startup Zhixinke raises RMB 100 million angel round for edge computing push

6. CMC Capital backs SaaS firm Maycur

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MOBILE-ONLY MARKETS:

1. VCs pump USD 10.15 billion into Indian startups in H1 2021

2. India’s Zomato hikes IPO valuation target to $10b amid surge in online food ordering

3. Temasek-backed fintech company Pine Labs secures $600m in fresh fundraise

4. Facebook-backed Indian social commerce firm Meesho in talks to raise $100m

5. Indian drone startup Skylark Drones raises $3m in round co-led by Zomato backer

6. Indian rewards payment startup TWID’s $2.5m round co-led by Sequoia’s Surge, Beenext

7. Temasek-owned Vertex Ventures eyes SPAC listing in Singapore

8. Singapore beauty store startup OsakaKuma raises $6m in series A funding

9. Amazon exec joins over $600k round of Pakistani logistics startup Trukkr

10. Malaysian digital media firm iMedia acquires online beauty store

11. Vietnamese edtech startup Educa raises fresh capital from Alibaba-backed eWTP

12. Sequoia India leads $4.9m seed round of Philippine ecommerce logistics startup Locad

13. SoftBank leads $415m injection into Dubai-based cloud kitchen startup Kitopi

14. JD.id to open new offline store in July, strengthen O2O presence

CROSS-BORDER:

1. A Hong Kong-based on-demand delivery startup Pickupp closes US$15M Series A to add 10 new dispatch points in SG, enter Taiwan

2. Popular Chinese music streaming app Boomplay growing fast in Africa

3. S Korea’s Hyundai Motor to invest $100m in SolidEnergy Systems

OVERSEAS:

1. DOJ investigating Lordstown Motors, shares of electric-vehicle start-up plunge

2. Italian watchdog takes aim at delivery firm’s gig-worker algorithms

3. NFT sales volume surges to $2.5 bln in 2021 first half

4. SoftBank buys perpetual Yahoo trademark license for $1.6 billion

5. Samsung Electronics Q2 profit likely up 38% on strong chip prices

6 .Volvo, Daimler, Traton invest $593 million to build electric truck charging network

7. Company card start-up Pleo valued at $1.7 billion, becoming Europe’s latest fintech unicorn

8. ManoMano raises $355 million for its home improvement e-commerce platform

9. MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion

10. E-commerce logistics startup Locad gets $4.9M seed round led by Sequoia Capital India’s Surge

11. Obviously AI, a no code startup for data analysts, increases its seed round to $4.7M

Image Credits: Pandaily