Chinaccelerator Daily Digest 1/3/2019

 

Overseas:

1. As market shifts, Atlas Venture closes a $250 million fund to support its breakaway biotech bets

2. Union Square Ventures secures $429M across two new funds

3. Apple lowers guidance on Q1 results, cites China trade tensions

4. Mozilla promises a faster, prettier Thunderbird with better Gmail support

5. Home vacation rentals startup Luxstay secures US$3M bridge round funding

6. Shine brings its female-focused self-care app to Android

7. Mobile-focussed recruitment platform GrabJobs raises US$930K

8. Magic Leap and other AR startups have a rough 2019 ahead of them 

 

China:

1. Didi launches lending and insurance as new regulation threatens to lower driver numbers

2. Maoyan Entertainment (猫眼娱乐) was exposed that the earliest time they will be listed will be in January. It is expected to raise 300 million to 400 million US dollars. (entertainment company)

3. Gelonghui(格隆汇) plans to list overseas, with a valuation of $1 billion （investment information and service provider )

4. Chief of Chinese search giant Baidu warns that ‘Winter is coming’

5. Court orders freeze of Ofo funds following lawsuit

6. Hellobike has enter Tianjin and has “taken off” to more than 100 cities

7. Toutiao(头条) intends to acquire some patents of Smartisan Technology

8. New media platform for auto cars Youcheyihou 有车以后 closed the new round of 200Million RMB for social commerce and content upgrade.

 

Cross-border:

1. JD.com no longer sure about plans to open European office

2. Chinese app developers have invaded India

Mobile:

1. Google Assistant can now make donations to charity

2. Huawei and ZTE could be blocked from US networks this month

3. No security threat related to 5G infrastructure: Huawei

Emerging Market:

1. SoftBank venture arm rebrands, announces first Southeast Asia office

2. Go-Jek extends ride-hailing service to the rest of Singapore

3. Indonesian startup Helmad turns your two-wheeler helmet into a moving billboard

 

Cover picture credits from TechCrunch

 

 

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