Chinaccelerator Daily Digest 08/14/2020

CHINA:

1. China cracks down on ‘big stomach kings’ 大胃王 in fight against food wastage

2. ByteDance refocuses on education apps in China amid trouble overseas

3. Netease revenues up 26% in Q2 2020

4. SoftBank-backed AI startup SenseTime 商汤科技 said to eye dual listing in HK, China

5. JD acquired China’s leading procurement platform for MRO products VIPMRO 

6. Electric cars Xpeng, Li Auto face quality concerns after car fires

7. Chinese medical device maker Hanyu closes $72m in Series D round

8. Autonomous driving solutions provider AIdriving raises USD 14.4 million from SBI Holdings

9. Hangzhou-headquartered software-as-a-service (SaaS) service platform Lianlian Technology raised $14m

10. Pet medicine and health brand 倍珍保 Beizhenbao raised 7-digit RMB in Angel round

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. Singapore commits SGD 250 million to develop fintech sector

2. Sequoia Capital leads USD 5 million round in Mumbai-based education loan startup Eduvanz

3. Indonesian angel network ANGIN raises funding from SG’s FundedHere

CROSS-BORDER:

1. Tencent-backed Beike surges on NYSE debut after solid IPO reception, shrugging off ‘external noise’ amid frayed US-China relations

OVERSEAS:

1. Fortnite maker sues Apple after removal of game from App Store

2. Thomson Reuters buys cloud-based court document management platform CaseLines

3.Impossible Foods gobbles up another $200 million

4 TikTok rival Likee reaches 150M monthly users worldwide

5. S Korean consortium acquires AI translation services provider Systran

6. WeWork gets new $1.1b commitment from Japan’s SoftBank

7. K-Pop group BTS’ label Big Hit posts profit jump as it prepares for IPO

8. Mission Bio raises $70 million to help scale its tech for improving the development of targeted cancer therapies

9.Online Fundraising Platform Omaze Lands $30M Series B Toward Goal Of Raising $1B For Charities

10. Major brand designer Natural Fiber Welding raises $13M in Ralph Lauren-Led Round

11. Hiretual’s $13M Series B Provides Boost To AI-Powered Recruiter Tool

12. Root AI raises $7.2M seed round to deploy its harvesting robot amid COVID-19-fueled demand

13. Cube closes $5M Seed round to scale its financial planning software

Image Credits: Reuters