Chinaccelerator Daily Digest 07/16/2021

CHINA:

1. China kicks off national carbon-trading exchange, using market prices to put nation on track to reach 2060 neutrality goal

2. China’s semiconductor output hits record high as Beijing boosts local production amid intensifying US-China tech war

3. Xiaomi surpasses Apple for the first time, becoming the world’s No 2 smartphone vendor as Huawei recedes

4. Tencent-backed Chinese ecommerce firm Xiaohongshu halts US listing plans

5. Toutiao ordered by China to halt new registrations since Sept

6. Underwear Brand NEIWAI Completes D Round of Financing orf $100 Million

7. CATL Reaches Strategic Cooperation with Tencent Cloud to Jointly Build AI Innovation Base

8. Alibaba’s map app AutoNavi evolves into open service platform

9. Unmanned Delivery Firm White Rhino Auto Receives Nearly $10 Million in Pre-A Funding

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MOBILE-ONLY MARKETS:

1. Funding for SEA startups is expected to exceed $14b in 2023

2. India: Softbank-backed Paytm files draft papers for $2.2b IPO

3. India’s Inshorts raises $60 million following Public social network app growth

4 .Indian salestech startup OneCode nets $5m in round led by Sequoia’s Surge, Nexus Ventures

5. Egyptian social e-commerce platform Taager raises $6.4M led by 4DX Ventures

6. Indies Capital makes first close of US$80M Fund II, targets mid-to-late-stage tech firms in SEA

7. 500 Startups-backed cleantech firm Seppure to raise $15m in series A money

8. Singapore-based Tinvio raises $12M Series A to build financial services for supply chain merchants

9. Oyo founder’s family office joins $5m round of Singapore foodtech startup Easy Eat AI

10. Indonesian fintech startup OY! raises $44m in Series A funding

CROSS-BORDER:

1. TSMC eyes expansion in U.S., Japan to meet sustained chip demand

2. Google expands India cloud services with new infrastructure push

3. Malaysian VC firm Vynn Capital invests in Hong Kong-based trade finance Velotrade

4. Chinese battery maker Gotion to build factory with VW in Germany

5. Beyond Meat opens JD.com store in e-commerce push to entice meat substitute-averse Chinese consumers

OVERSEAS:

1. Netflix hires Facebook gaming executive Mike Verdu as part of a deeper push into entertainment

2. GM to launch fleet charging service to power commercial EVs, even at home

3. Israeli tech firms break funding records again, raise USD 11.9 billion in first half of 2021

4. American Express taps startup BodesWell for expansion into financial planning

5. Autonomous driving start-up Aurora plans to go public through SPAC deal with initial value of $11 billion

6. Digital bank Revolut valued at $33 billion in funding round led by SoftBank and Tiger Global

7. Netradyne raises $150M in Series C to improve commercial driver safety

8.Shopmonkey raises $75M Series C to help auto repair shops streamline their business

9. PUBG creator Krafton leads USD 48 million Series D round in local storytelling platform Pratilipi

10. Teikametrics, a provider of e-commerce optimization software, lands $40M

11. Abodu raises $20M to build prefabricated backyard homes

12. Credit Suisse leads $20M Series A in data extraction startup Daloopa

13. Verve Motion raises $15M following exosuit pilot with grocery workers

14. Lightyear nabs $13M Series A as online network procurement takes shape

15. Play2Pay raises $13M to convert mobile user engagement into bill payment

Image Credits: Pandaily