Chinaccelerator Daily Digest 10/22/2020

CHINA:

1. Listing by China’s biggest investment bank, first flotation of Chinese depositary receipts in Shanghai set stage for Ant dual IPO

2. ByteDance apps Toutiao, Douyin engage Chinese consumers longer than Tencent’s WeChat, survey says

3. ByteDance’s Xigua Video pivots to ‘middle video,’ incentivizing creators with USD 300 million

4. Huawei launched the new VR games package

5. Former Chinese tech unicorn Renrenche 人人车 could sell for little over $1,000

6. Chinese online tutor Yuanfudao 猿辅导 raises $2.2 billion, valuing it at $15.5 billion

7. Silicon Carbide Chip Firm InventChip Raises RMB100 Million

8. Plant Protein Beverage Brand Oatoat Completes Pre-A Round Financing

9. Edtech company Xiaoyang Education 晓羊教育 raised over 60million RMB in Series B+

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MOBILE-ONLY MARKETS:

1. Thailand’s plant-based meat startup battle intensifies as the annual Vegetarian Festival kicks in

2. GFC-backed Klikdaily, FMCG supply chain startup in Indonesia,  plans to launch IPO in 3 years

3. India to issue rules on carpooling by December

4. Amazon India and Flipkart scoop up USD 3.5 billion in first four days of festive sales

5. India Deal Review: PE-VC transactions bounce back in Q3 as startups collect $3.14b

6. Former Tesla CIO Jay Vijayan’s startup Tekion, a cloud technology company focused on the automotive industry, enters unicorn club

7. Indonesia drafting ministerial regulation to block social media

CROSS-BORDER:

1. Snapchat’s Indian Users Rise 150% as Growth Stalls in Home Market

2. Facebook launches dating service in Europe

3. Ericsson tops forecast on margin gains and 5G in China

4. China-India border conflict will not stop Oppo from investing in India, president of global sales says

5. California- and Bengaluru-based sales intelligence startup Slintel raises USD 4.2 million from Accel, Sequoia

6. Vivo Makes Grand Expansion Into Six European Countries

7. IFC proposes up to $25m working capital facility to Bangladesh’s Bank Asia

OVERSEAS:

1. Gen Z spends 10% more time in non-game apps than older users

2. Airbnb teaming up with former Apple design boss Jony Ive

3. Quibi officially announces it’s shutting down after raising $1.75B in funding

4. PayPal gets into crypto with new features for trading and shopping

5. Amazon launches one-hour grocery pickup at all U.S. Whole Foods stores

6. Uber offers more than €1 billion to buy Daimler/BMW’s mobility services company freenow

7. Cyber security firm McAfee raises $620 million in U.S. IPO

8. RVShare, an online marketplace for RV rentals, raises over $100M for RV rentals

9. Anyscale adds $40M to bring its Ray-based distributed computing tech to the enterprise masses

10. Syte Sees $30M Series C For Product Discovery

11. Mexican fintech Klar closed on $15 million in Series A funding

12. Website Optimization Startup Intellimize Closes $12M Round Of New Funding

13. Stripe-backed Pulley,  which offers a cap table management product for startups, ropes in $10M Series A

14. Mine raises $9.5M to help people take control of their personal data

15. Secureframe raises $4.5M to help businesses speed up their compliance audits

16. MindLabs raises £1.4 million for its new platform, a “Peloton for mental health”

Image Credits: KrAsia