Chinaccelerator Daily Digest 07/12/2021

CHINA:

7. Meituan to pilot drone delivery system in Shanghai

8. Bytedance Plans to Relaunch Social App Feiliao

9. China removes 25 more Didi-linked apps from stores, tightening noose around nation’s biggest ride-hailing service

10. Xiaomi Acquires an Autonomous Driving Technology Company DeepMotion, as Industry Competition Heats Up

11. Chinese edtech firm Kaikeba secures $93m in Series B1 round

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MOBILE-ONLY MARKETS:

1. India-based ride-hailing platform Ola picks up $500M

2. IPO-bound PharmEasy to raise up to $200m from SoftBank

3. Tiger Global leads USD 144 million round in social e-commerce startup DealShare

4. Tiger Global leads $100m round of Indian used-car marketplace Spinny

5. Instawork raises $60m funding as it looks to double India workforce

6. India: Hero Electric raises $30m from Gulf Islamic Investments, OAKS

7. Sequoia’s Surge co-leads $5.2m round of Indian construction management app Powerplay

8. Brazilian HR startup Flash raises $22M in a Tiger Global-led Series B round of funding

9. Nium, which offers cross-border payment services, adds US$78M more into its kitty from Vertex Growth

10. MoneyMatch to expand to S’pore with US$4.4M Series A, confirms bid for digital bank licence in MY

11. Indonesian fintech startup PAYFAZZ secures e-money license

12. Vietnam’s Mekong Capital invests $8.8m in probiotics producer LiveSpo Global

CROSS-BORDER:

1. Twitter appoints grievance officer in India to comply with new rules

2. Google to enter Japan’s fintech scene through Pring acquisition

OVERSEAS:

1. European Union demands $1B penalty from VW, BMW for hiding emissions

2. Europe’s DN Capital launches its new $350M fund after a knock-out year for its portfolio

3. Cryptocurrency firm Bullish to go public in $9 bln SPAC deal

4. Russia’s Yandex pulls out of deal to buy online fashion retailer KupiVIP

5. Halo will launch a remotely operated car service powered by 5G in Las Vegas

6. Netskope hits $7.5B valuation after closing a $300million investment round

7. Kurly, the Korean grocery startup, raises $200M on a $2.2B valuation after shifting IPO plans away from the NYSE

8. S Korean agrifood trading platform Tridge raises $60m in Series C

9. Didomi raises $40 million to help you manage customer consent

10. Frontier launches with $2.8M round by NFX, to let low-skilled job candidates book their own interview

Image Credits: Reuters