Chinaccelerator Daily Digest 11/26/2020

CHINA:

1. Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US$1.6 billion

2. Beijing urges local authorities to step up EV sector scrutiny

3. Nio relaunches in-house development of L4 autonomous driving technology

4. AliHealth turns profitable after strong revenue growth

5. JD Health looks to raise up to $3.5b in Hong Kong IPO

6. Xiaomi Shows Strong Growth Momentum in Q3 2020 Financial Report

7. Online LGBTQ Platform BlueCity Announces Acquisition of Gay Dating App Finka

8. Chinese robotaxi operator WeRide reports successful first year of service

9. AI startup Modian Technology 魔点科技 closed 120million RMB in Series C to offer Scene as a Service 

10. JD.COM invests in crossborder B2B logistics solutions provider Giga Cloud Logistics

1.1 Edge intelligence services developer Jiangxing Intelligence 江行智能 bags nearly $15m in Series A+ round

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

MOBILE-ONLY MARKETS:

1. Tiger Global invests in India’s Unacademy at $2 billion valuation

2. Indian bus aggregator Cityflo picks up $7.7m in Lightbox-led round

3. Philippine property startup Aqwire nets $2.1m in series A round led by Spiral Ventures

4. Investors pledge $815m for Vietnamese startups through the next five years

5. MDI Ventures, Finch Capital join hands to launch new US$40M fund Arise to plug ASEAN’s pre-Series A gap

6. Indonesian logistics firm SiCepat to double down on tech after closing its $100m Series B soon

7. Indonesia-based chatbot startup Kata.ai raises series B funding from MDI, TPTF

CROSS-BORDER:

1. IPO market in both the U.S. and China to remain strong in the near term, VC exec says

5. FCC affirms ZTE poses U.S. national security threat

6. Google reportedly mulls snatching Indian social media startup Sharechat for USD 1 billion

OVERSEAS:

1. Salesforce is in talks to buy Slack, deal could be announced next week

2. Tesla recalls 9,500 Model X and Model Y cars over roof, bolt issues

3. DoorDash settles with DC AG for $2.5 million over claims it misled users on driver tips

4. Russia’s ecommerce company Ozon raises $990M in US IPO

5. Splunk acquires network observability service Flowmill

6. Communications service Discord is close to closing a round that would value the company at up to $7B

7. After reaching a valuation of USD 2 billion, AppsFlyer targets the Asia Pacific region

8. Mobile banking app Current raises $131M Series C, tops 2 million members

9. Israel-based industrial drone maker Percepto raise $45M for autonomous inspection tech

10. Well Health secures $45M for patient engagement

11. Dija, a new delivery startup from former Deliveroo employees, is closing in on a $20M round led by Blossom

12. HMBradley raises $18.25 million planting a flag as LA’s entrant into the challenger bank business

13. WeGift, the ‘incentive marketing’ platform, collects $8M in new funding

14. Cast.ai nabs $7.7M seed to remove barriers between public clouds

15. Altana raises $7M to protect supply chains from disruptions, child labor

16. RevLifter secures 3.3 million euros for e-commerce platform

17. Point72-backed Productfy Raises $2.35M For Fintech Apps

18. TerraMagna Sows $2M Seed For Brazilian Farm Lending

Image Credits: KrAsia