Chinaccelerator Daily Digest 12/01/2020

CHINA:

1 China will account for nearly 80 per cent of 5G global subscriptions by end-2020

2 China’s private education operators eye Greater Bay Area expansion, as economic hub attracts more talent and resources

3 Rokid (AR glasses manufacturer) and CNPC (China National Petroleum Corporation) Launches World’s First 5G Explosion-Proof AR Headband X-Craft

4 Meituan’s e-commerce third-quarter sales rise as antitrust clouds gather over China’s internet giants

5 Alibaba’s Music Streaming Platform Xiami Shutting Down

6 China’s “Uber for trucks”, Manbang collects $1.7 billion in a massive funding round

7 Coding education platform Codemao raises $198 million in Series D round of financing

8 Chinese community e-commerce Nice Tuan closes fourth round this year at $196m

9 Chinese chip designer Vastai raises $50m Series A round led by Kuaishou (video-sharing app)

10 Convertlab, marketing cloud solutions provider raises $15.2m

11 Tencent-backed online brokerage Futu taps Hong Kong IPO frenzy to lure paying users

Check out our latest podcast about “Rapid Accession of China’s Capital Market Post COVID with Benjamin Qiu, Legal Expert on Cross-border Investment” here

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

MOBILE-ONLY MARKETS:

1 Temasek-backed GoodWorker job-search platform invests $34m in Pravasi Rojgar, India’s job search app for migrant workers

2 Kyt, Indian edtech start up bags US$2.5M to take its extracurricular activities learning platform to global markets

3 2-year-old CRED (credit-card reminder app) valued at $800 million after $80 million funding round

4 Ola (cab aggregator) names General Motors veteran Jose Pinheiro to head its global EV biz

5 Singapore’s wealth fund GIC joins AIGCC (Asia Investor Group on Climate Change) and Climate Action 100+ initiative

6 Singapore’s DocDoc partners with SpesNet to build digital health ecosystem

7 Singapore to open payment rails for NFIs like GrabPay, Razer Fintech, Singtel Dash

CROSS-BORDER:

1 UK Bans Installation of Huawei Devices from Sept. 2021

2 Uber India eyes bigger slice of electric vehicle space

3 Uber India on course to expand across 200 cities

4 German chipmaker Infineon to make Singapore its first global AI innovation hub

5 Philippine logistics scion wants to give Grab a run for its money

6 Xiaomi, ex-Amazon execs invest $700k in Pakistani fashion ecommerce startup, Clicky

OVERSEAS:

1 Trump said to add China’s SMIC (Chipmaker), CNOOC (oil & gas producer) to defence blacklist

2 DeepMind, an AI firm solves 50-year-old ‘grand challenge’ with protein folding A.I.

3 Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT

4 Facebook to Acquire Start-Up Kustomer (CRM Softwarre) as It Faces Antitrust Glare

5 Food delivery startup DoorDash eyes $27b valuation in much-awaited IPO

6 HungryPanda food delivery app raises $70M

7 Top Japan mobile carrier NTT Docomo to slash data prices

Image Credits: Shutterstock