Chinaccelerator Daily Digest 09/01/2020

CHINA:

1  China’s R&D expenditures hit new high amid global uncertainty

2. Huawei and Visionox to reportedly collab on next-gen foldable display

3. Chinese AI chip giant Cambricon’ sales increases by 11%, revenue drops by 11%, market value falls by 40%

4  Nasdaq-listed Bilibili invests $66M in HK-based film producer Huanxi Media

5. Chinese video-sharing platform Douyin 抖音 to bar outside links to Taobao, JD ahead of Singles’ Day festival

6  Short video platform Kuaishou 快手 unveils ambitious new e-commerce targets amid live-streaming boom.

7. Hong Kong-listed biotech firm Henlius 复宏汉霖 edges closer to star market listing

8. Chinese software developer Foxit eyes $418M in STAR market IPO

9. China’s HAI ROBOTICS 海柔创新 closes RMB 8-digits funding, leverages autonomous case-handling robotic system

10  Chinese e-commerce startup PinGIRl 拼GIRL raises RMB 20M angel round funding

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  Indian fintech startup Niyogin acquires 51% stake in iServU technologies

2. Indian edtech firm Eruditus raises $113M led by Prosus Ventures

3. Vietnam Digest: NextPay invests $475K in CNV Loyalty

4. Singapore e-commerce services provider Intrepid Group secures pre-series B to help SMEs accelerate their growth on Lazada, Shopee

CROSS-BORDER:

1. Berkshire Hathway buys 5% stakes in five big Japanese firms

2. Facebook threatens to block news in Australia if regulations are enacted

3. Apple suppliers in China hit by iPhone woes

4. TikTok deal to sell U.S. business could be announced as soon as Tuesday

6. Japanese e-commerce group Rakuten books $240M write-down as Mikitani exits Lyft’s board

7. Potato Play raises $1.75M led by Beenext to help Asia’s developers take their mobile games to global markets

OVERSEAS:

1  Tesla jumps 12% as stock split takes effect, Apple gains 3%

2 Apple will now allow developers stuck in App Store jail to push bug fixes to their Apps

3. First Apple silicon Macs likely to be MacBook rebirth, iMac with custom GPU

4 Google launches Google Kids Space, a ‘kid mode’ feature for Android, initially on Lenovo tablets

5. Amazon wins FAA approval for Prime Air drone delivery fleet

6. Facebook VP Brian Boland, 11-year veteran with partnership focus, resigns

7  Zoom shares soar after revenue more than quadruples from last year

8. PayPal joins the ‘buy now, pay later’ race with new ‘Pay in 4’ installment program

9  SpaceX successfully launches its first polar orbit mission from Florida

10  Germany AI-based solutions startup Semalytix picks up €4.3M to build the world’s largest patient experience data set

11  American e-commerce startup wish files confidentially to go public

Image Credits: South China Morning Post