Chinaccelerator Daily Digest 11/16/2020

CHINA:

1. China and 14 other Asia-Pacific countries signed the world’s largest trade agreement on Sunday

2. Ant Group’s IPO ‘hiccup’ and tech sell-off brushed off by investors amid rush to tap into China’s rebounding economy

3. Chinese smart electric vehicle (EV) company XPeng announced a 265.8% increase in deliveries and a 342.5% growth in sales

4. Former WeWork China exec launches a ‘startup studio’ for real estate

5. Baidu, SoftBank lead $182m funding round in Chinese agritech firm XAG

6. AI Unstructured Data Processing Startup Zilliz Raises $43M

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MOBILE-ONLY MARKETS:

1. Indian govt announces fresh $803m infusion into NIIF debt platform

2. India: Zomato raises $195m from 6 investors ahead of IPO launch in 2021

3. India: SoftBank, others close to investing $55-60m in Grofers (online grocery delivery service)

4. Philippine mall titan accelerates shift to ‘omni-channel’ sales to replicate success in China-style retailing approach

5. Singapore fintech startup Durianpay raises $1.4m in Sequoia-led seed round

6. Alodokter raises Series C+ to further grow its telemedicine super app in Indonesia

7. VNPAY’s unicorn tag could be a big booster for Vietnam’s startup ecosystem

CROSS-BORDER:

1. Trump’s 11th-hour ban on Chinese stocks deprives US funds of some of the biggest returns and payouts in world’s second-largest market

2. AirAsia, Grab & Axiata units among 8 firms approved for online lending in Malaysia

3. Baidu teams up with Amazon to expand e-commerce business

4. Huawei CFO witness testimony to resume in Canada in U.S. extradition case

5. Uber in talks to sell ATG self-driving unit to Aurora

6. PUBG announces return to India: New game, $100 million investment

OVERSEAS:

6. Microsoft looks beyond the console wars as it releases new Xboxes alongside Sony’s PS5

7. KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu

8. DoorDash’s IPO Filing Reveals Revenue, Losses, Market Share

9. Dating app Bumble eyes IPO at valuation up to $8B

10. Agricultural drone maker Jifei raises USD 182 million, the biggest-ever round in the sector

11. Sales readiness platform MindTickle raises $100 million led by SoftBank Vision Fund 2

12. Online learning marketplace Udemy is raising up to $100M at a $3.32B valuation

13. Boston Dynamics dog robot ‘Spot’ learns new tricks on BP oil rig

Image Credits: DealStreetAsia