Chinaccelerator Daily Digest 08/10/2020

CHINA:

1. Founder Colin Huang exits board of Pinduoduo’s China operating body

2. Tencent loses US$46 billion as WeChat ban rocks China, Hong Kong stocks and yuan

3. China’s top chipmaker ups capex to $6.7bn after bumper quarter

4. Tencent-backed Chinese realty company KE Holdings eyes $2b US IPO

5. EV Maker NIO Signs Strategic Cooperation Agreement with Chinese Retail Giant Suning

6. Yum China targets second listing in Hong Kong in September

7. Chinese ASIC Design Firm Brite Semiconductor Completes $50M Series D Round

8. China Growth Capital Leads $20M Series A+ Round In ABM Therapeutics

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. Indian beauty products retailer MyGlamm acquires POPxo

2. Indian edtech firm Byju’s eyes IPO, buyouts

3. India: Adani Electricity sells shares in Yes Bank worth $26.9m

4. India: Nomura, Capital Group acquire $46.2m shares of Mindspace REIT

5. SG’s used car marketplace Carro raises $11m from Mitsubishi, MS&AD Ventures, others

CROSS-BORDER:

1. Tencent-backed real estate platform Beike aims to raise US$2 billion in New York IPO even as US tightens noose around WeChat

2. US bans dealings with TikTok, WeChat

3. Qualcomm Lobbies U.S. to Sell Chips for Huawei 5G Phones

4. Pinduoduo Ties up with Singapore’s A*STAR on Pesticide Testing

5. Chinese EV Manufacturer Xpeng Motors Files for IPO on NYSE

6. Co-working space provider Ucommune Officially Withdraws $100 Million US Listing Plan, Instead Targets SPAC Merger

7. Logistics real estate group LOGOS eyes raising $1.2b for logistics ventures in Vietnam, South Korea

8. Gates Foundation offers India’s Serum Institute $150m funding for 2 vaccines

9. Thailand’s CP Group to buy HK e-commerce platform Chilindo for $18m

OVERSEAS:

1. Australian buyout firm PEP closes sixth flagship fund at $1.79b hard cap

2. Australian VC firm Wunala Capital seeks $71.5m for debut fund

3. Japan’s GPIF earns $118b in Q1 returns as stock markets rally

4. Facebook Gaming app debuts amid fight with Apple over instant games

5. Enterprise technology software company Duck Creek Technologies sets IPO price range

6. Civic tech platform Mobilize launches a census hub for the 2020 count’s critical final stretch

7. Taiwania Capital leads $55m Series E round in biotech company Fractyl Laboratories

8. TemperPack Bags $31M Series C For Sustainable Thermal Packaging

9. Clean.io raises $5M to continue its battle against malicious adtech

10. Mashroom raises £4M for its ‘end-to-end’ lettings and property management service

11. Preventing Data Breaches: Keyless Secures $2.2M Round

Image Credits: The Straits Times