Chinaccelerator Daily Digest 11/30/2020

CHINA:

1 China rebukes internet companies for weak user data protection in their apps

2 China’s live-streamers use fake traffic and virtual gifts to draw real eyeballs

3 China’s Alibaba, Tencent put talks to acquire iQIYI’s stake on hold

4 Alibaba vies for a piece of China’s booming EV market

5 SAIC Motor, an early adopter of the smart car, sets up US$1 billion fund to invest in internet-linked vehicles with Alibaba

6 Xiaomi Head Resigns Amid Controversies After Calling Fans “Losers”

7 Biotech Unicorn New Horizon Health Receives China’s First Early Cancer Screening Certificate from NMPA

8 GL Ventures leads $265m Series C round in Chinese SaaS edtech firm EEO

Check out our latest podcast about “Rapid Accession of China’s Capital Market Post COVID with Benjamin Qiu, Legal Expert on Cross-border Investment (Remington Ong, Ray Yang, William Bao Bean)” here

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

MOBILE-ONLY MARKETS:

1 India sets rules for commissions, surge pricing for Uber and Ola

2 India’s government will enhance the contribution of the digital economy to 20% of the Indian GDP in the next five years

3 Indian fintech firms push digital EMIs to new offline frontiers

4 India’s Vodafone Idea ties up with edtech, healthcare firms to generate revenue

5 Walmart’s Flipkart dominates India’s e-commerce festive sales as overall GMV grows

6 Indian online beauty retailer Nykaa bags funding from Fidelity Investments

7 Indonesian gov’t pushes for E-wallet LinkAja IPO within the next year and a half

8 All female-led MadEats, a cloud kitchen start up ropes in Tinder co-founder as investor to scale its internet food brands in Philippines

9 Ex-Senator of Japan joins Myanmarese food delivery app Hi-So’s new funding round

10 Malaysia’s MyCash, remittance service provider looks to raise $1.2m from equity crowdfunding campaign

CROSS-BORDER:

1 Japan to help India with 5G to counter China’s growing influence

2 Chinaccelerator names 6 SaaS startups in 18th cohort

3 PropertyGuru buys Malaysia’s largest online property data firm MyProperty Data

4 Hongkong’s Pickupp snags Series A funding to expand last-mile logistics platform in Southeast Asia

5 2C2P receives Myanmar license to roll out cross-border remittance service

OVERSEAS:

1 EU clears Altice, Allianz, Omers acquisition of Covage

2 UK to set up ‘pro-competition’ regulator to put limits on big tech

3 Facebook’s Libra could launch in January

4 Tesla’s Delayed Semi Truck Tests Elon Musk’s Ability to Scale Up

5 Microsoft Announced a ‘Productivity’ Feature That Lets Managers Keep Track of What You’re Doing

6 GitHub is forcing Microsoft to deal with thorny controversies two years after acquisition

7 Italy’s UniCredit discusses governance as CEO’s future in doubt

8 Hyundai, Kia agree to $210 million U.S. auto safety civil penalty

9 Dubai mass transportation start-up Swvl expands to Jordan with launch of corporate transportation offering

10 Former Zappos CEO Tony Hsieh Dies at 46

Image Credits: Bloomberg