Chinaccelerator Daily Digest 10/29

Overseas:

1. Tiger Global is launching a new fund with $3.75 billion in committed capital

2. IBM to acquire software company Red Hat for $34 billion

3. Qualcomm says Apple $7 billion behind in royalty payments

4. Microsoft overtakes Amazon as second most valuable U.S. company

5. Microsoft closes its $7.5B purchase of code-sharing platform GitHub

6. Facebook removes fake accounts tied to Iran that lured over 1 million followers

7. Snap shares sink as two million users move on

8. Mellanox, the $4 billion company that makes hardware for data centers, is exploring a sale

9. Bright Machines raised $179 million in series A funding from Eclipse Ventures to make robots smarter

10. Intel Capital, Meritech and Sapphire Ventures were among investors in a $100 million Series D financing round in DataRobot, a machine learning company.

11. Electric vehicle makers Nio and Eight Roads Ventures backed Innovusion who develops LiDAR sensors with a $30 million series A round

12. Tesla is rolling out its Navigate on Autopilot feature

13. Quizlet, the website for creating digital flashcards, hits 50M monthly users

14. Teikametrics raises $10M to optimize Amazon ads

China:

1. Obscure Chinese firm Wingtech Technology Co will buy Dutch chip maker Nexperia for US$3.6 billion

2. Hong Kong science and tech hub set to deploy US$1.3B focussed on startups

3. ByteDance reportedly closes US$3B, values at US$75B

4. Hong Kong halts e-wallet auto top-ups after missing funds

5. Car hailing company Didi is exploring hotel business.

6. Electric car producer Byton 拜腾 is planning IPO. 

7. Toothpaste brand Canban 参半 closed 7-digit RMB in A round.

Cross-border:

-. Apple India Records 140% Jump In Net Profit For FY18

Blockchain:

– Blockchain startup hires away Google’s messaging tech leader

Emerging Market:

1. Grab looks to avoid a price war with ride-hailing rival Go-Jek as it focuses on safe, reliable services

2. Singapore’s AnyMind Group raises US$13.5M to put AI tech into advertising and HR

3. Social network for sports prediction SportsHero launches in Malaysia, ties up with e-pay

Cover picture credits from CCN.