Chinaccelerator Daily Digest 09/03/2020

CHINA:

1. Asia wealth managers pull out all stops to get clients on Ant IPO

2  China’s market for gaming cheats tops $293m despite crackdown.

3. Wuhan ambitious to build China’s largest 5G autonomous car fleet

4. CEO Lei Jun: Xiaomi will focus on European market in next 2 years

5. Ant Financial 蚂蚁金服 aims to raise $30b at $225b valuation

6. Chinese private space launch company i-Space completes RMB 1.2b Series B round funding

7. Chinese AI startup Funstory.ai 推文科技 closes RMB 7-digit Series A+ round funding

8. Chinese biological reagent developer CoWin Biosciences completes $35m new round financing led by Addor Capital

Check out our latest podcast about “Managing a $1 billion pre-IPO fund; with Sophie Yao (Pegasus Tech Ventures)” here

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

MOBILE-ONLY MARKETS:

1  Singapore’s health analytics startup Biofourmis snags $100m led by SoftBank Vision Fund 2

2. Singapore’s digital health startup Mobio Interactive secures $1.8m in seed funding

3  Singapore’s telco Singtel launched 5G non-standalone network

4. HSBC Global Research values Indian food delivery giant Zomato at $5 billion

5. India’s online learning platform Unacademy raises $150m at $1.45b valuation

6. Indonesia’s insurtech startup PasarPolis secures US$54m in oversubscribed Series B to scale its online insurance biz in Indonesia, Thailand, Vietnam

7  Indonesia’s e-commerce startup Blanja.com ceases operation

CROSS-BORDER:

1. Chinese fabless semiconductor company HiSilicon’s rise as major chip supplier threatened by US sanctions

2. India bans 118 Chinese apps, including Tencent’s hit games, as border tensions flare up

3. Chinese e-learning firm GXS Techedu 跟谁学 probed by US after inflated sales complaints

4. Apple alum’s jobs app for India’s workers secures $8m

OVERSEAS:

1  Edtech startups find demand from an unlikely customer: Public schools

2  Microsoft releases deepfake detection tool ahead of US Election

3. Samsung shares could rise 50% as chip business gets a boost

4  Zoom shares drop following Tuesday’s 40% surge

5  Competitive mobile game maker Skillz will do a quick IPO at $3.5b valuation

6  Brazilian fintech startup Neon Pagamentos raises $300m Series C

7  Transposit scores $35m to build data-driven runbooks for faster disaster recovery

8  Dubai-based e-commerce platform Awok shuts down a year after raising $30m Series A round 

9  AI-driven workforce management startup Legion raises $22m

10  Korea’s enterprise team collaboration platform Jandi eyes ‘aggresive’ APAC expansion after $13m Series B

11  Process automation startup Hypatos gets $11.8m for a deep learning approach to document processing

12. Japanese preclinical biopharmaceutical startup Luca Science raises $9.8m funding, led by Axil Capital

13  North Carolina-based e-commerce startup Carewell secures $5m for caregiver advocacy, home health e-commerce Site

Image Credits: Global Times