Chinaccelerator Daily Digest 09/17/2020

CHINA:

1. China tops 110M 5G users in less than a year

2  China grocery e-commerce market overview; to grow over 39% in 2020

3. CR Capital partners with Tencent unit to launch $147m healthcare fund

4. Alibaba unveils new smart manufacturing platform Xunxi 迅犀

5. Jack Ma’s Ant Group hit by flurry of new rules ahead of mega IPO

6. Baidu showcases fully automated driving and 5G remote driving service

7. Chinese commercial rocket startup Space Pioneer secures RMB 8-digit Series A

8. Chinese online car sales firm Autohome 汽车之家 plans $1B second listing in Hong Kong

9. Alibaba, China Mobile weigh $443M joint investment in US-blacklisted video surveillance company Dahua 大华

10. Chinese smart medical services firm Kyee Tech raises RMB 430M

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. Indonesian insurtech startup PasarPolis expects market boost from pandemic

2. India: Digital payments and financial services startup Mobikwik elevates Chandan Joshi as co-founder & CEO

3. Vietnam: ride-hailing management platform EMDDI raises funding to allow users to connect to 30K taxis across Vietnam on a single platform

CROSS-BORDER:

1. OPPO Files Trademark Application in Europe for OPPO Glass

2. TikTok to set up global headquarters in the US

3. Lightspeed announces the launch of its Southeast Asia operations

4. Apple partners with Singapore government to offer rewards for physical activity

OVERSEAS:

1. Facebook teaming up with Ray-Ban maker for first smart glasses in 2021

2. Facebook debuts Infinite Office, a virtual reality office space

3. Facebook unveils $300 Oculus Quest 2 standalone wireless virtual reality headset, kills Rift

4. Spotify stock falls after Amazon adds podcasts to its music streaming service

5. Snowflake more than doubles in market debut, largest ever software IPO

6  California-based online fitness platform Zwift Raises $450M for Connected Fitness

7. New $185M growth investment will fuel end-to-end commerce platform AppDirect’s global expansion

8. Data analytics and security company Devo Technology raises $60M Series D

9. New York-based identity operating system startup Alloy Secures $40M to digitally onboard banking customers

10. Israel-based AI solution startup Aidoc Adds $20M To Series B for AI-based radiology tools

Image Credits: Deal Street Asia