Chinaccelerator Daily Digest 08/28/2020

CHINA:

1. 145 leading firms on China’s ‘new third board’ market see higher revenue in first two quarters, growth more than 10 fold

2 IPO mania in China creates three new billionaires in week

3  Alibaba in talks to hike stake in Chinese courier YTO Express

4. Chinese E-Commerce Player Pinduoduo 拼多多 Joins Nasdaq-100, Shortest Achiever in History

5. Xiaomi Releases Q2 Financial Report: Mid-to-high-end Smartphone Sales Surge

6. Chinese entertainment platform Bilibili Q2 Revenue Surges 70% to $370M, Beats Estimates

7. To provide technical support for network security insurance, YuanBao Technology 源堡科技 raised Series A round funding, led by Hillhouse Capital

Check out our latest podcast about “Digital Transformation: Converting Consumer Data into Gold; with Kevin Lee (IKEA), Alexis Richez (ZTP), German Torrado (Genetsis) and Abel Zhao (Travelflan)” here

Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here

MOBILE-ONLY MARKETS:

1. Singapore: DBS, Singtel partner Fave on digital payments, cashback

2  Singapore laser communication startup Transcelestial aims to help telcos roll out 5G rapidly and cost effectively in SEA

3. Poor investor sentiment delays $4.5B worth of Indian IPOs

4. Indonesian e-commerce unicorn Tokopedia rolls out fintech lending service amid data breach investigation

5 .Indonesian Saas startup Sirclo bags $6M from big-name invetors

CROSS-BORDER:

1 .Walmart wanted to be majority owner of TikTok, and was teamed up with Alphabet and SoftBank before Microsoft

2. ASX-listed Afterpay acquires payment solution EmpatKali to take its ‘buy-now, pay later’ biz to SEA

3. OPPO Partners With América Móvil to Expand in Latin America

4. Chinese EV Maker XPeng 小鹏汽车 Raises $1.5B In US IPO

5. S Korean fintech Viva Republica raises $173M from Sequoia Capital China, others

6. Indian gaming startup Gamezop raises $4.3M Series A from Bitkraft, others

OVERSEAS:

1. Apple losing wireless earbuds market share even as AirPods sales grow

2. Microsoft brings back Halo veteran to get delayed game back on track

3. Electrick truck startup Bollinger Motors shows off an electric delivery van headed for production in 2022

4  Amazon’s Bezos is first person worth US$200b

5. Brain-backed memory chipmaker Kioxia launches $3.6B IPO

6. Optical e-commerce giant Warby Parker, valued at $3B, raises $245M in funding

7  Cancer Screening Startup Freenome Raises $270M

8. Multiplatform live streaming startup Restream Lands $50M Series A, Launches New Streaming Broadcast Center

9. Drug and medical device startup ACTO Raises $11.5M Series A To Help Life Sciences Companies Tell Their Stories

10 ID verification startup Berbix raises $9M for its identification verification platform

11. Data startup Narrative raises $8.5M as it launches a new data marketplace

Image Credits: China Money Network