Chinaccelerator Daily Digest 10/13/2020

CHINA:

1. China hands out $1.5 million of its digital currency in one of the country’s biggest public tests

2. Shenzhen Selects 50,000 Individuals to Participate in Digital Yuan Pilot Program

3. China saw over 618M tourists, US$67B revenues in Golden Week holiday 2020

4. China’s live game streaming firms Huya, DouYu to merge

5. Channels, WeChat’s answer to short video app Douyin, tests live-streaming function

6. Baidu rolls out Apollo Go robotaxi service for free in Beijing

7. Chinese E-Commerce Player Pinduoduo Launches Brand Day Celebration With Baidu

8. Weibo MAU reached 523 million in June 2020; revenues down 10% in Q2

9. Milk Tea brand Mixuebingcheng 蜜雪冰城 is nearly closing the new round with valuation worth at 20billion RMB

10. Business intelligence solution provider Jiahe Technology 加和科技 closed nearly 100million RMB in Series B

11. AI-powered voice interactive solution provider Soundai 声智科技 raised Series B+

12. HK-based Talon Esports raises $2m seed round

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MOBILE-ONLY MARKETS:

1. Malaysian on-demand work platform GoGet lands $2 million Series A

2. With thousands of subscribers, The Juggernaut raises $2 million for a South Asian-focused news outlet

3.Flipkart, Walmart invest an additional $30m in supply chain startup Ninjacart

4. Indian fintech startup Razorpay enters unicorn club with USD 100 million funding from GIC, Sequoia

5. Frontier Digital Ventures banks $67m to acquire three firms

6. Middle Eastern retail supply chain startup Retailo raises $2.3m in pre-seed round

7. Digital banking heats up in Vietnam

8. Egypt’s NowPay raises USD 2.1 million seed for financial wellness platform

9. Pakistani B2B platform Retailo raises $2.3m pre-seed

10. Thailand’s fulfillment solutions provider MyCloudFulfillment bags $2M fundraising

CROSS-BORDER:

1. European fintech firm Revolut plans to apply for U.S. banking license

2. Huawei value declined 8% to $160 billion on US sanctions

OVERSEAS:

1. SoftBank’s Rajeev Misra says Vision Fund 2 is backing a SPAC

2. Gaming company Roblox confidentially files to go public

3. Adobe puts artificial intelligence tools into its marketing software

4. Walt Disney announces reorganization to focus on streaming

5. Snapdocs raises $60M to manage the mortgage process in the cloud

6. Nym Health raises $16.5 million for its auditable machine learning tools for automating hospital billing

7. Yotascale raises a $13M Series B to help companies track and manage their cloud spends

Image Credits: CNBC