Chinaccelerator Daily Digest 09/10/2020

CHINA:

1  China online education market to exceed $58b in 2020.

2. Chinese biotech sector is blowing hot as M&A and IPO deals surge amid Covid-19 pandemic

3  Demand for cloud services in China increases to quarterly record high of $4.3b

4. Shanghai exchange to review fintech firm Ant’s listing application on Sept 18

5. China tech veterans to launch ‘domestic replacement’ fund amid US sanctions

6. Tech giant Baidu, investors in talks to raise $2b for biotech startup

7. Chinese online tutoring platform Yuanfudao 猿辅导 to possibly become world’s most valued online education unicorn

8  Chinese optical chip startup RaySea 睿熙 secures RMB 200m

9  China’s Landspace raises $175m in Series C round funding 

10. China’s 3D visual robot developer Speedbot 视比特 raises 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  India: Zomato in talks to raise funding from Mirae-Naver Growth fund

2. India’s Ola  Electric  speeds up two-wheeler  EV  launch

3  India: Alpha Wave Incubation backs leading video engagement platform Hippo Video

4  Groww, an investment app for millennials in India, raises $30m led by YC Continuity

CROSS-BORDER:

1  S Korean maker of PUBG games scouts for Indian partner to revive fortunes

2. ByteDance is talking with the U.S. government about ways to avoid a full sale of TikTok

3. Huawei ban puts $26bn at risk for Japan, South Korea and Taiwan

OVERSEAS:

1  As the smartphone market declines, 5G models are set to see continued growth in 2020

2  Former NSA chief General Keith Alexander is now on Amazon’s board

3  Electric vehicle startup Lucid unveils Air sedan to take on Tesla

4  Courtne Smith launches NewNew, a social network based on shared content

5  As direct listing looms, leading software company Palantir insiders are accelerating stock sales

6  S Korea’s Kakao Games surges 30% in stock market debut

7  Digital biology company Recursion gets funding for new drug discovery with Bayer-led $239m Series D

8  American SaaS customer experience management platform Sprinklr raises $200m on $2.7b valuation four years after last investment

9  Open source security management startup Snyk bags another $200m at $2.6b valuation 9 months after last raise

10  Israeli digital payments startup Melio raises $144m to fuel expansion

11. Israeli facial recognition startup AnyVision raises $43m

12  Deel nabs $30m more for payroll, compliance and other tools to run global workforces

Image Credits: Business Insider