Chinaccelerator Daily Digest 09/04/2020

CHINA:

1. Indexes plunge in Hong Kong, China as Wall Street’s bloodbath spills over to Asian stock markets, weighing on technology firms

2. Alibaba’s Ant Group seeks to dominate SE Asia e-payment with IPO

3. Alibaba sets new livestreaming sales goal for 2020

4  Xiaomi market value reaches HK$600b, share price soars 6%.

5  Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round

6. Baidu Cloud computing center officially settles in Shunde district, Foshan city

7  BGI Group’s gene-sequencing equipment unit moves towards A-share IPO

8  Chinese semiconductor chip firm Li-On eyes $292m in Shanghai IPO

9. Chinese medical device technology company Forerunner Medical raises RMB 8-digit Series B round funding led by CICC Capital

10. Chinese ready-to-wear mixed reality devices startup Nreal completes $40m Series B1 round funding

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. Indian firms to spend half of cloud budget on hybrid in next 3 years: IBM survey

2. India: Realty tech startup Strata raises $19m

3  India: TVS Motor puts $4m more in electric motorcycle startup Ultraviolette

CROSS-BORDER:

1. PUBG ban comes as a jolt to Tencent’s plans

2. US sanctions drive up Huawei handset prices as company grapples with impending chip shortage

3. Cognizant signs pact to acquire US cloud company 10th Magnitude

4  Alpha Wave fund invests in solar software startup SenseHawk, to set up India team

5  Makers Fund, Courtside lead $18m funding in Indian gaming startup Winzo

6. Openspace leads $3m Series A in Thai agritech startup Freshket

OVERSEAS:

1  France to spend $8.4b on digital as part of stimulus plan

2  Amazon, Verizon resume talks to pick stake in struggling Vodafone Idea

3  Apple stock has worst day since mid-March

4. Apple introduces ‘offer codes’ to entice app users with free and discounted subscriptions

5. Demodesk snags $8m Series A to continue developing sales demo platform

6  Medtech startup uMotif raises £5m from AlbionVC, as COVID-19 accelerates remote clinical studies

7  Avo raises $3m seed round funding for its analytics governance platform

8  As corporate cards are subsumed into software, cloud-based spend management startup Airbase posts rapid growth

9  Israeli medtech startup CorNeat Vision uses patented implants to treat blinding diseases

10  European launch provider Arianespace successfully launches a satellite rideshare demonstration mission

11  New Zealand Company Rocket Lab secretly launched its very first satellite, ‘First Light’

Image Credits: The Straits Times