Chinaccelerator Daily Digest 09/28/2020

CHINA:

1. Chinese smartphone makers shipped three out of four 5G phones worldwide in Q2 2020

2. JD Health files for USD 3 billion Hong Kong IPO

3. Baidu CEO Robin Li Establishes Life Sciences Company BioMap for Diagnosis and Drug Development via AI

4. Huawei Releases Smart Cockpit Solutions

5. Trip.com revenue drops 64% in Q2, but Golden Week brings hope

6. LGD Gaming League of Legends Divison Partners With Hangzhou Didi Chuxing for World Championship

7. Bilibili Completes Strategic Investment in Huanxi Media 欢喜传媒 with HK$513M Transaction Size

8. Chinese Cosmetics Brand Perfect Diary Completes New Round of Financing, Will Introduce Vipshop CFO to Conduct IPO

9. Chinese electric car start-up Xpeng shows off new flying vehicle 

10. EV maker Xpeng plans new plant with local government financing

11. Pinduoduo lands exclusive red packet partnership with CCTV for 2021 Spring Festival Gala

12. Online education platform Siwei Zaowu 思维造物 files for ChiNext IPO, aiming to raise RMB 1 billion

13. Tencent invests in financial training firm Golden Education

14. Medical software firm Taimei raises USD 176 million from Tencent, Hillhouse, others

15. Chinese MCU Chip Startup ChipON Secures RMB100 Million

16. Sequoia-backed fitness app Fiture bags $65m in series A money from Tencent

19. Chinese communications infrastructure startup Showmac Tech raised $12 million in a Series A+ round

20. Hong Kong businesses step up M&A deals by latching on to China’s economic rebound

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MOBILE-ONLY MARKETS:

1. Indonesian cloud kitchen startup Yummy has raised $12 million in a Series B round

2. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe

3. Vietnamese restaurant review app Riviu bags USD 3.6 million

4. India: Online furniture retailer Pepperfry to file for IPO in 12-18 mths

5. India’s capital markets infrastructure startup smallcase raises $14m funding led by DSP Group, joined by Sequoia

CROSS-BORDER:

1. U.S. judge blocks Trump administration’s ban on new TikTok downloads

2. U.S. tightens exports to China’s chipmaker SMIC, citing risk of military use

3. Japanese chipmaker Kioxia shelves $3.2 billion IPO amid U.S.-China tensions

4. Walmart pumps $560m into Flipkart

OVERSEAS:

1. Cloud gaming battle heats up as Amazon enters the ring to take on Microsoft and Google

2. Big Hit Entertainment prices IPO at top of range in South Korea listing

3. Palantir Eyes $22B Valuation In Public Market Debut

4. Food delivery service Postmates cuts losses in Q2 as it heads towards tie-up with Uber

5. Unacademy acquires test preparation startup Coursavy in fourth buyout this year

6. HumanForest suspends London e-bike sharing service, cuts jobs after customer accident

7. Infarm raises USD 170 million to scale urban farming network

Image Credits: China Money Network