Chinaccelerator Daily Digest 09/14/2020

CHINA:

1. Gen Z Becomes Largest Group of Internet Users in China

2. Chinese startups raise $33b in funding in Jan-Aug period this year

3. Dating app Momo revenues down 6.8% in Q2 2020

4. Shanghai stock exchange accepts JD.com fintech affiliate’s IPO application

5. SAIC Injects RMB500 Million In Chinese EV Maker WM Motor

6. WeRide Launches Robotaxi Service in Villages in the City in Guangzhou

7. Bilibili Conducts 7,500 Cases of Psychological Counseling Over Summer

8. China’s Wu Capital leads $91.5m Series A round in genetic firm Korro Bio

9. Cross-border ecommerce Meike Life 美刻生活 raised 7-digit RMB in Angel round

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. Grab, Gojek resume merger talking backed by Masayoshi Son

2. Grab fined for exposing personal data of more than 21,000 users

3. gojek acquires WePay to expand its e-wallet business into Vietnam

4. Fintech startup Fvndit notches USD 30 million for its Vietnamese P2P lending firm

5. Kim An raises Series A to connect Vietnam’s financial institutions with MSMEs via its fintech platform

6. Homegrown Singlife and Aviva Singapore to merge in $2.3b deal

7. Thai insurtech startup Sunday raises $9m as it prepares for Indonesian expansion

CROSS-BORDER:

1. Chinese investment to Australia halved in 2019 to $1.8b

2. ByteDance drops TikTok’s U.S. sale, to partner with Oracle

3. TikTok owner ByteDance to invest billions in Singapore over three years

4. Japan’s Mitsubishi to tie up with SG’s Temasek to build smart city in Indonesia

5. Carlyle is looking to pick up a $2b stake in Reliance’s retail arm

6. Insurtech Company Descartes Underwriting Raises US$18.5M

OVERSEAS:

1. South Korea government, Samsung team up for self-sufficiency after Japan export curbs on chip material

2. Spain aims to tax services like Whatsapp based on revenue

3. Santander spins out its $400M fintech venture capital arm, now called Mouro Capital

4. Nvidia to buy Arm Holdings from SoftBank for $40 billion

5. Microsoft wants to take on Amazon in connecting satellites to the cloud

6. Microsoft takes aim at Sony with cloud gaming service

7. South Korean AI-based pharma firm Oncocross secures $14m Series B

8. Toucan raises $3M to teach you new languages as you browse the web

9. Podcast analytics and attribution startup Chartable raises $2.25M

10. Willo, a freemium video interview SaaS, scores ~$320K during the remote work boom

Image Credits: Pandaily