Chinaccelerator Daily Digest 11/26

Overseas:

1. New US report says that climate change could cost nearly $500B per year by 2090

2. Microsoft surpasses Apple to become most valuable US company

3. Luxury goods group Kering steps up digital strategy with new Apple deals

4. LinkedIn violated data protection by using 18M email addresses of non-members to buy targeted ads on Facebook

5. Papua New Guinea upholds deal with Huawei to lay internet cable, derides counter-offer

6. Mediaset eyes radio business’ expansion in Spain

7. Autodesk agrees to buy construction software company PlanGrid for $875 million

8. Playtech founder sells stake in the gambling software company

9. Airbnb faces Israeli class-action lawsuit for delisting settlements

10. Mobile esports league set to put a cap on its $1 million inaugural season

11. Logitech is reportedly offering $2.2 billion to bring Plantronics headsets into its hardware empire

12. Bain Capital led a $32 million Series C round in Wonolo, an on-demand staffing platform for businesses

13. PlayVS, a start-up working to get esport competition into high schools, raised $30.5 million in Series B financing

14. Jiobit, a start-up that makes location trackers for parents and pet-owners, raised $6.5 million in fresh capital

China:

1. Meituan Dianping shares dive as rising costs inflate losses

2. Hong Kong Modern Terminals embraces Maersk’s blockchain maritime database to speed up shipping

3. Xiaomi will start establishing research center in Wuhan

4. WeChat blocked over 6000 accounts and mini-programs 

Blockchain:

1. Bitcoin extends losses, slides under $3500 to lowest since September 2017

2. Ohio becomes the first state to accept bitcoin for tax payments

3. Propine Capital raises US$1.2M to help institutional investors safely store their crypto assets

Emerging Market:

1. Tencent-backed mapmaker NavInfo building high-definition map of Singapore for autonomous cars

2. PLDT’s digital services arm Voyager Innovations raises US$215M from Tencent, IFC, KKR

3. Vietnam-based edtech startup Topica raises US$50M in Series D

4. Payments firm InstaReM secures over $20m investment

Cover picture credits from the news minute.