Chinaccelerator Daily Digest 09/23/2020

CHINA:

1. Live streaming e-commerce to account for over 20% of China’s online shopping GMV by 2022

2. SAIC Volkswagenn, Nio lead in New Energy Vehicle Quality in China

3. Tencent to integrate ride-hailing services with mapping app Tencent Map

4. Luckin and affiliates fined $9 million, more penalties may come

5. China’s electric carmaker WM Motor pulls in $1.47 billion Series D

6. Chinese 3C Recycling Firm Aihuishou Secures $100 Million

7. Chinese smart petrol service platform Nucarf bags nearly $100m

8. Green Monday Holdings, Asia’s answer to Beyond Meat, raises $70 million from TPG, Swire Pacific

9. iQiyi’s Taiwan agent to cease serving local users from October 15 after ban on Chinese streaming platforms

10. Chinese Data Security Firm Trusfort Raises Series C+ Round

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MOBILE-ONLY MARKETS:

1. Singapore-based Syfe, a robo-advisor with a human touch, raises $18.6 million led by Valar Ventures

2. SmartClean bags US$3.4M funding to bring efficiency into cleaning industry using AI, IoT

3. MyMy raises US$2.4M with an aim to become the first shariah-compliant digital bank in Malaysia

4. E-sports startup Ampverse notches pre-Series A funding for regional expansion

5. India: Vehicle rental platform Drivezy in talks to raise up to $35m

6. Mumbai-based after-sale services startup Onsitego raises capital from IFC, extends Series B round to $30m

7. India’s leading insurance platform InsuranceDekho snags $20m from GirnarSoft to boost digital footprint

CROSS-BORDER:

1. TikTok’s promise of 25,000 new U.S. jobs sets lofty goal

2. TikTok Lands Deal with Oracle-Walmart, Only Giving up 20% Stake, Drops Charge Against Trump Administration

3. Downloads of Tencent’s WeChat app surge ahead of planned US ban

4. Apple launches its online store in India

5. Walmart pilots on-demand drone deliveries with Israel’s Flytrex

6. American private equity firm KKR invests USD 754 million in Reliance Retail

OVERSEAS:

1. Microsoft set to acquire Bethesda parent ZeniMax for $7.5B

2. Microsoft takes aim at cloud communication market with calling and texting services

3. Microsoft challenges Twilio with the launch of Azure Communication Services

4. Google launches a work-tracking tool and Airtable rival, Tables

5. Sony slides 2% as Microsoft flashes cash to boost games lineup

6. Walmart to test drone delivery of COVID-19 test kits

7. TransferWise reports accelerating revenue growth to 70% in its March, 2020 fiscal year

8. Health Plan Provider Bright Health Secures $500M Series E

9. Mirakl raises $300 million for its ecommerce marketplace platform

10. AI Company Beyond Limits Raises $133M Series C 

11. Willow, the startup making the wearable breast pump, raises $55 million

12. Austin’s SigmaSense raises $22M Series A to bring its touch-screen technology to the broader market

13. Papa Secures $18M Series B To Connect Older Adults With Companions

14. IRL Fuels Social Calendar App With $16M Series B

15. EasySend raises $16M from Intel, more for its no-code approach to automating B2C interfaces

16. South Korea’s fintech startup Wirebarley raises $10m Series B

17. Furniture rental service Mobley raised $9M in a seed round

Image Credits: TechCrunch