Chinaccelerator Daily Digest 09/07/2020

CHINA:

1  Chinese ‘corona-tech’ startups raise big funding.

2  Ant Group may sell more shares in Shanghai than Hong Kong in IPO: report

3  Alibaba opens its livestreaming technologies to other companies

4. China’s ByteDance buys UIPay to leverage e-payment capabilities at home

5. TikTok launches marketing program for advertisers with tools to measure success of campaigns

6  Meituan 美团 plans grocery retail business expansion to cover 1,000 cities in China

7. China Growth Capital co-leads $19m Series A+ round in biotech company InxMed 应世生物

8  Chinese medical AI startup LinkDoc Technology 零氪科技 closes RMB 7m Series D+ round funding

9. Chinese independent intelligent prosthesis developer BionicM 健行仿生 secures RMB 7-digit Series A round funding

10. Chinese AI-based ortho startup Changmugu 长木谷 completes RMB 7-digit Series A 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. Malaysian IPO market is recovering from the COVID slump, but risks remain

2  Indian firm, Bollywood’s Akshay Kumar to launch tactical mobile game after PUBG ban

3  India: Vodafone Idea plans to raise $3.3b to pay off dues

4. Singapore-based customer engagement startup Mobikon hits reset button with COVID pivot to subscription management

5  Singaporean banking-as-a-service startup MatchMove banks $21m to hit $338m valuation

6  Singaporean proptech startup Livespace gears up for major expansion after $90m raise

7  Singaporean fintech startup Qapita raises $1.8m seed round funding

CROSS-BORDER:

1. ASML, Huawei and Qualcomm may be caught in the crossfire as SMIC runs risk of US blacklist in escalating tech war

2. Goldman Sachs joins syndicate for Ant Group’s mammoth $30b offering

3  Samsung Electronics wins $9b order for network equipment from Verizon

4. Yandex and Uber spin out self-driving venture with $150m investment

5  Indian audio streaming startup Gaana raises $50m in Tencent-led round

OVERSEAS:

1  Apple commits to freedom of information and expression in human rights policy

2. Tesla falls after S&P 500 adds Etsy and two others, bypassing carmaker

3. Pentagon says it will stick with Microsoft for $10b JEDI cloud contract

4  Amazon to hire 10,000 additional employees in Bellevue, Washington

5  Bezos, Musk, Zuckerberg and Gates lose a collective $25b in net worth after tech stocks fall

6  Palo Alto-based cybersecurity startup Anvilogic lands $4.4m seed for collaborative SOC content platform

Image Credits: Venture Beat