Chinaccelerator Daily Digest 10/27/2020

CHINA:

1 China’s NEV sales to account for 50% of all new sales by 2035, industry body says

2. 1.3 billion Chinese citizens to benefit from Ant Group IPO

3. Ant Group to raise $34.5 billion, valuing it at over $313 billion, in biggest IPO of all time

4. Banks, brokers to offer record US$38.7 billion of margin financing for Hong Kong retail investors to buy into Ant’s giant IPO

5. TikTok parent ByteDance in early IPO talks to list businesses including short video app Douyin

6. Geely’s new EV plant will build premium Polestar cars

7. Baidu in talks to acquire YY

8. Shanghai-based robotic startup Robot maker Fourier Intelligence closes USD 15 million Series C to meet increasing rehabilitation needs

9. AI-powered visual creation brand Versa announced to close several tens of millions USD in Series B round 

Check out our latest podcast about “China’s Cross-Border Luxury Ecommerce: The Past & The Present, with Claire Chung, Former China GM of Yoox Net-A-Porter Group” here

Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here

MOBILE-ONLY MARKETS:

1. Genesia Ventures closes new $75m fund to invest in Japanese, SEA startups

2. Indian wholesale platform Jumbotail bags $11m in series B2 round

3. Thailand’s Dot Property acquires Hipflat to further penetrate into Thai proptech market

4. Sabah Development Bank doles out $72m loan to Malaysia’s AirAsia

CROSS-BORDER:

1. Samsung Display gets U.S. licenses to supply some panels to Huawei

2. Unlicensed Tesla-sharing service emerges in China, putting spotlight on once thriving industry

3. Google and Temasek to invest in Indonesian unicorn Tokopedia, report says

4. Vietnam’s new retail firm Seedcom adds China’s eWTP to its roster of investors

OVERSEAS:

1. EU’s Vestager working on criteria to define market influence

2. Facebook adds cloud gaming feature to its platform

3. PrimaryBid, an online platform that connects individual investors with public companies raising capital, has secured $50 million in Series B

4. TechSee Gives Sight To Customer Service With $30M Series C

5. Celona, an enterprise 5G company, announced a $30 million Series B round 

6. Water quality and distribution monitoring software Ketos raises $18 million

7. Japan’s logstics-tech company Openlogi raises US$17M Series C

8. Linktree raises $10.7M for its lightweight, link-centric user profiles

9. DataFleets keeps private data useful and useful data private with federated learning and $4.5M seed

10. Hubilo raises $4.5 million, led by Lightspeed, to focus on virtual events

11. Dallas’ ShearShare has a marketplace connecting stylists with available seats at salons and $2.3 million in funding

Image Credits: Reuters