Chinaccelerator Daily Digest 11/15

Overseas:

1.  Uber continues to lose money as it scales scooters, bikes and other newer businesses

2. Sweetgreen is officially a unicorn

3. Pirate Studios raises $20M from Talis Capital for its ‘self-service’ tech-enabled music studios

4.  iBanFirst raises $17 million to help companies move money around the world

5. Bain Capital Ventures has a fresh $1B to invest in startups

6. Facebook Messenger starts rolling out Unsend; here’s how it works

7.  RFID stickers could signal contaminated food

8. Google My Business app revamp challenges Facebook Pages

9. Microsoft to acquire Xoxco as focus on AI and bot developers continues

10. Withings launches a fitness tracker for some reason

11. Samsung BioLogics’ listing under review after regulator says it breached accounting rules

12 Microsoft Acquires AI Startup Focused on Conversations

13. Google’s ‘Squoosh’ Image Compression Tool Shows Off the Power of Web Apps

14. ‘Software robot’ startup UiPath expands Series C to $265M at a $3B valuation

15. Self-flying camera drone Hover 2 hits Kickstarter

China:

1. Baidu leads $300M investment to bring its search smarts to elevator ads

2.  Tencent returns to profit growth despite concern around games 

3. Huawei is working on its own voice assistant to rival Amazon Alexa and Google Assistant outside China  

4. A popular TV show has revealed how WeChat crushed a rival messaging app

5. Tencent shares jump over 4 per cent in early Hong Kong trading after better-than-expected earnings

6. Exclusive: Baby Tree (宝宝树) will be listed on November 27th. Pricing range is HK$6.8-HK$8.8 (Baby Tree – Platform that talks about baby and pregnancy)

7. Micro-loan(微贷) to the US IPO on November 15: proposed to raise $45 million

8. Tencent Q3 2018 Revenues Up 24% YOY Despite Continued Regulatory Struggles

9. Ofo chief executive Dai Wei said to admit that he made ‘some wrong decisions’ in internal meeting

10. Vipshop Reports Unaudited Third Quarter 2018 Financial Results

11. Renren.com(人人) sells! Chen Yizhou’s capital game: fight against each other and move assets?

Cross-border:

Singapore, China to collaborate on fintech, regulating derivative trades

Blockchain:

JFX inks MOU with Kinesis Money and ABX for Indonesian blockchain project

Mobile:

1. Meet the latest Southeast Asian viral app  sensation that’s made in China (App name – Hago)

2. Censors angry about erotic literature in China’s favorite news app (App name – Toutiao)

Emerging Market:

1. EDBI invests in enterprise software firm to help it expand to Singapore

2. China Telecom’s move into Philippines faces legal battle  

Cover picture credits from TechCrunch