Chinaccelerator Daily Digest 08/13/2020

CHINA:

1. Huawei makes significant investment in smart car solutions, lidar technology

2. China’s Tencent starts fund advisory services to tap asset management

3. Tencent buys into battery-recharging facility operator Xiaolvren 小绿人

4. JD.com invests in convenience store chain Fook to complete its retail network

5. Pinduoduo launches fashion mini program on Wechat

6. ByteDance buys Chinese medical knowledge platform Baike Mingyi 百科名医 for $72m

7. Flash sale retailer Vipshop 唯品会 eyes secondary Hong Kong listing

8. Moka, the HR tool for Arm and Shopee in China, closes $43M Series B

9. AI medical imaging startup Keya raises $22m

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MOBILE-ONLY MARKETS:

1. India’s first private space launch startup Skyroot succeeds with upper-stage engine fire test

2. Egyptian payments startup Paymob raises USD 3.5 million to fuel its regional expansion

3. Indonesian fishery startup Aruna raises USD 5.5 million from East Ventures, AC Ventures, and SMDV

4. Singapore-based personalised celebrity video platform ACE Raises US$400K In Funding From Manila Angel Investors Network

5. Vertex leads $14m in Cardinal, an AI-driven enterprise resource planning startup

CROSS-BORDER:

1. SoGal Ventures closes debut $15m fund, eyes second vehicle in 2021

2. ByteDance in talks with India’s Reliance for investment in TikTok

3. Disney+ Hotstar to launch in Indonesia in September

4. Israeli precision irrigation solution firm Netafim secures USD 85 million to provide irrigation solutions to 35,000 farmers in India

5. Incomlend raises US$20M Series A led by Sequoia to expand its invoice exchange platform in Asia, Europe

OVERSEAS:

1. Trump administration asks court to dismiss Big Tech’s challenge to social media executive order

2. Uber CEO says its service will probably shut down temporarily in California if it’s forced to classify drivers as employees

3. Lyft maintains end-2021 profitability goal even as COVID-19 guts demand

4. Walmart and Instacart partner for same-day U.S. delivery in fight against Amazon’s Whole Foods

5. Cisco’s first-quarter forecast disappoints, shares fall

6. Facebook, Snap held talks to buy TikTok rival Dubsmash

7. American software company Duck Creek seeks $3B valuation for its software IPO

8. Bayer, Temasek-Based Company Unfold Enters Vertical Farming With $30M Investment

9. Revenue intelligence startup Gong Raises $200M At $2.2B Valuation

10. Tencent-backed US drug discovery firm Atomwise closes $123m Series B round

11. Industrial-grade VR company Varjo picks up $54M in Series C funding

12. Digital mortgage company Habito completes £35M Series C

13. New $30M Series B Helps Reify Health Power Clinical Trials

14. Rebuilding The Trucking Insurance Market: HDVI Closes $16M Series A

15. Klima’s New Climate App Takes Flight With $5.8M Seed

16. Merico raises $4.1M for its developer analytics platform

17. Adaptive Shield raises $4M for its SaaS security platform

18. Allergy Amulet Lands $3.3M Seed Round For Food Allergen Sensor

Image Credits: TechCrunch