Chinaccelerator Daily Digest 09/21/2020

CHINA:

1. China Reaches 110 Million 5G Users, Becoming World’s Biggest 5G Market

2. Hillhouse Capital raises for its largest-ever RMB fund – over RMB 20 billion (USD 3 billion)

3. Ant Group gets the green light for mega IPO in Shanghai’s Star Market as China pulls out all stops to help tech champions raise funds

4. China’s second biggest industrial drone-maker Jouav files for $60m IPO

5. Alibaba unveils palm-sized personal computer and autonomous logistics robot

6. Tencent Sports Signs One-year Broadcast Deal with Premier League

7. Chinese Space Tech Company LandSpace Raises $172 Million in C+ Round of Financing

8. Chinese Smart Customer Services Startup Leyan Tech Secures Series C2 Round

9. Baidu-backed video technology provider Baijiayun 百家云 closes USD 26.4 million Series B round

10. Cosmetic brand Perfect Diary 完美日记 closed a new round, reaching 4billion USD valuation. 

11. Supply chain innovation service platform Fenlai 纷来 raised an 8-digit RMB A round.

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Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here

MOBILE-ONLY MARKETS:

1. Indian e-commerce sector could see record sales of USD 7 billion during upcoming festive season

2. AMTD Digital raises US$285M to build a one-stop digital solutions platform in ASEAN

3. Zopim co-founder to set up new traveltech startup GoTrippin eyeing industry’s post-Covid recovery

4. Singapore’s logistics provider Moovaz acquires van-hailing platform GetVan

CROSS-BORDER:

1. Judge halts Trump administration order banning WeChat from Apple and Google app stores

2. China’s ByteDance seeks $60 billion TikTok valuation in U.S. deal

3. Alibaba’s logistics arm Cainiao 菜鸟 expands its last-mile network into Singapore

4. Google pulls India’ Paytm app from Play Store for repeat policy violations

5. Uber Seeks to Sell Part of $6.3 Billion Stake in Didi Chuxing

6. Samsung’s new Galaxy F series to launch in India

7. Samsung and OnePlus gear up for a fight as competition intensifies in India’s premium smartphone segment

8. Xiaomi India to launch its first smartwatch on 29 Sept

OVERSEAS:

1. Gaming technology provider Unity Technologies raises more than $1.3 billion in IPO at $13.6 billion valuation

2. Zoox becomes fourth company to land driverless testing permit in California

3. New $485M Round Values Chime at $14.5B, which help members avoid bank fees and save money.

4. Credit card alternative company Affirm raises $500M

5. Outschool, newly profitable, raises a $45M Series B for virtual small group classes

Image Credits: Reuters