Chinaccelerator Daily Digest 08/07/2020

CHINA:

1. China Reports Over $10 Billion Esports Games Profit in First Half of 2020, Grows 54.7% YoY

2. Shenzhen embraces Hong Kong in financial markets integration plan, a prelude to easier capital controls

3. Netease Cloud Music joins Alibaba customer-loyalty program

4. Chinese electric-vehicle start-up Karma accused of stealing US rival’s plans for a ‘luxury Humvee’

5. Chinese Adademy of Sciences-affiliated AI startup Wenge 中科闻歌 raises USD 29 million in Series C

6. Foxconn-backed B2B procurement platform Yungongchang 云工厂 closes USD 14.4 million Series B

7. CDM driven big data service provider eCloudTech snags new funding led by Lenovo Capital 

Check out our latest podcast about “How Citybox Finds Own Position Among Fierce Unmanned Retail Competitions, with Co-founder & COO Neo Lv” here

Check out our latest blog post about “Founders Explain How They Succeeded with Their MVPs” here

MOBILE-ONLY MARKETS:

1. Southeast Asia to see 310m digital consumers by end-2020

2. GoPay becomes a payment option on YouTube in Indonesia

3. Indonesian debt management app Credibook raises seed money from Insignia, Payfazz

4. Local payments platform-as-a-service firm PPRO raises US$50M

5. Blockchain-based ride-hailing firm TADA raises US$5M to manufacture e-vehicles for SEA market

6. Indonesian parenting app Orami in talks with investors to raise $15m

CROSS-BORDER:

1. Trump imposes U.S. ban on WeChat, TikTok in 45 days

2. Microsoft aiming to buy TikTok’s entire global business

3. Mercedes-Benz partners with Chinese battery manufacturer CATL to supply batteries for electric models

4. Apple has removed almost 42,000 games so far in App Store licensing purge in China

5. Procurement automation platform Approve.com Raises $5M Seed To Enter US Market

6. Microsoft in talks to invest in Indian social media platform ShareChat

7. Delivery Hero is rebranding Otlob as Talabat, plans to create 50,000 freelance rider jobs in Egypt

OVERSEAS:

1. New York venture capital firm MetaProp Raising $200M For Fourth Proptech Fund

2. T-Mobile’s subscriber boost challenges AT&T for spot as second-largest U.S. carrier

3. Uber ride-sharing revenue plummets, food delivery more than doubles

4. Amazon’s livestreaming platform Twitch will work ‘much closer’ with the music industry in Asia Pacific

5. Google to roll out its digital learning platform to 23 million students and teachers in India’s Maharashtra state

6. Fortnite-Maker Epic Games Raises $1.78B

7. On-demand mental health service provider Ginger raises $50 million

8. Mode raises $33M to supercharge its analytics platform for data scientists

9. Office catering platform Thriver secures $33M Series B for workplace engagement tools

10. Crossbeam announces $25M Series B to keep growing partnerships platform

11. Infermedica scores $10M Series A for its ‘AI-driven’ diagnosis and triage platform

12. Orum Banks On $5.2M Seed Round For Money-Moving Platform

13. Ride-hailer TADA parent MVL bags $5m led by S Korean auto parts maker

14. Polish football star Lewandowski invests in video game company Movie Games

15. Special raises $2.26M to build a subscription platform for online creators

Image Credits: Reuters