Chinaccelerator Daily Digest 11/24/2020

CHINA:

1 China ready to work with other countries to build global cyberspace community, president Xi Jinping says

2 Zhuhai dangles incentives to lure start-ups in four key industries under Greater Bay Area drive

3 China Construction Bank pulls US$3 billion blockchain debt programme amid scrutiny on fintech, financial risks

4 Tencent launches its automatic subtitling solution for international markets

5 Pinduoduo starts offering Sany machinery maker, expands beyond consumer products

6 Genscript Biotech plunges after chairman of Chinese gene and cell therapy firm is arrested on suspected smuggling offence

7 Chinese Autonomous Driving Trucks Firm Plus.ai Raises $100 Million

8 Listings of Evergrande Property Services, JD Health poised to push Hong Kong’s funds raised via IPO to 10-year high

9 Xpeng, Chinese EV rivals line up to challenge Tesla on their home turf

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MOBILE-ONLY MARKETS:

1 Indian Cashfree raises $35.3 million for its payments platform

2 India’s dairy start up Country Delight raises $25m led by Elevation Capital

3 India’s digital insurance marketplace Policybazaar eyes new funding at USD 2 billion valuation

4 Airtel acquires 5.2% stake in Avaada Energy’s arm, making it the largest renewable energy portfolios in India.

5 WhiteHat Jr’s (an Indian coding platform) founder files $2.6M defamation suit against critic

6 theAsianparent, Southeast asia’s content platform closes Series C round with an investment from SCB 10X

7 Sleek, Singaporean digital-enabler firm, raises US$4M to help Asian entrepreneurs incorporate businesses digitally

8 Alpha JWC invests $2m in F&B startup co-founded by Indonesia president’s sons

9 Indonesia’s Finantier, an open finance start-up bags pre-seed capital

10 Edtech’s huge growth spurt in Indonesia

11 Vingroup, a Vietnamese conglomerate partners Techcombank for loans on Vinshop

12 This Vietnam startup, Cricket One (C1) seeks a place in the crowded alternative protein market for its cricket-made food products

13 Thai e-commerce enabler aCommerce eyes Vietnam, Malaysia foray via M&A route

CROSS-BORDER:

1 Smelling blood, Huawei’s Chinese rivals capitalise on its US ban, raise forecast for 2021

2 British telcos face fines for using Huawei equipment after Chinese tech giant’s ban from 5G networks

3 Istox, Singaporean fintech firm inks deal to set up digital exchange in China’s Chongqing city

4 ShawKwei & Partners looks to sell tech component maker Beyonics for up to $400m

5 Malaysia’s Aerodyne picks stake in Australian drone inspection firm Sensorem

6 Europe looks to crack open data encryption on messaging services like WhatsApp

7 Baemin, Korean food delivery business to shut down Vietnammm food app

OVERSEAS:

1 Facebook launches ‘Drives,’ a US-only feature for collecting food, clothing and other necessities for people in need

2 Netflix commits $1 billion to make New Mexico home to one of the world’s largest studios

3 Paceline Pumps Up New Wellness Platform With $5M Seed

4 Konnecto, a consumer intelligence start up lands $3.5M Seed to provide consumer Insights

5 Restaurant tech start-up Toast soars to $8 billion valuation seven months after cutting half its staff

6 Video mentoring platform Superpeer raises $8M and launches paid channels

7 Nikon plans reform to reduce reliance on key customer Intel

8 Snap is launching a competitor to TikTok and Instagram Reels

9 Relativity Space adds $500 million to ‘war chest’ for scaling production of 3D-printed rockets

10 South Korea’s delivery workers have fallen into what they call a “legal blind spot” 

Image Credits: South China Morning Post