Chinaccelerator Daily Digest 09/22/2020

CHINA:

1. Beijing ramps up scrutiny of cross-border data flows

2. Former Qiming Investors Close RMB500 Million Debut Fund Inspiration Capital

3. China’s Didi, BYD to launch co-designed ride-hailing EV

4. Tesla challenger Evergrande 中国恒大 plans Shanghai stock offering in rush for capital to fund electric car ambitions

5. Ecommerce platform Pinduoduo taps China Post to expand its fresh groceries business

6. Ecommerce Platform Pinduoduo Ramps up Efforts on Promoting and Regulating Domestic Hairy Crab Market

7. Meituan Joins Hands with Bilibili to Launch Limited Edition “Bullet Chat” Bike Share Program

8. Petkit, which specialises in a range of innovative pet care products, nabs over $10m from in Series C+ round

9. OneSight, marketing tech provider for brands who expands to overseas, raised 7-digit RMB in Series A

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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 mobile gaming platform Mobile Premier League raises $90 million

2. Malaysia’s ecommerce aggregator iPrice bags additional series B money from JG Summit’s VC unit

3. Zalo beat WhatsApp in Vietnam. It now wants to be the country’s top super app

4. Thailand poised to become biggest IPO market in Southeast Asia this year

5. Pakistani women’s fitness chain AimFit raises $1m seed led by Indus Valley Capital

CROSS-BORDER:

1. ByteDance says it will own 80% of TikTok Global, contradicts Trump’s claims deal has ‘nothing to do with China’

2. Beijing unlikely to approve ByteDance’s TikTok deal with Oracle

3. Tiktok is still hiring in Europe amid US drama

4. Huawei plans more cuts to jobs, investment in Australia

5. American electric car maker Tesla may set up an R&D center in India

6. Sequoia co-leads $100m funding in Tokyo’s mobile gaming unicorn Playco

7. Morningside Ventures leads Series B funding in biotech firm Immune Regulation

8. Japan’s SoftBank co-leads $107m funding in Brazil’s facial biometrics and digital admission company Acesso Digital

9. Noida-based IT company HCL Technologies said it would acquire DWS Limited, an Australian IT, business and management consulting group

10. CDH, CMG-SDIC fund co-lead $62m Series C round in Virogin Biotech

OVERSEAS:

1. Kindred Capital closes £81M second fund to back early-stage European startups

2. Illumina buys Jeff Bezos-backed cancer-testing firm Grail in deal worth $8 billion

3. Microsoft doubles down on gaming with $7.5 billion deal for Doom-owner ZeniMax

4. Streaming service Quibi explores strategic options, including sale

5. German Air taxi firm Volocopter teams up with Schenker to deploy heavy-lift drones

6. Playco raises $100 million at $1 billion valuation for instant games across platforms

7. Osso VR raises $14 million to bring virtual reality to surgical and medical device training

Image Credits: KrAsia