Chinaccelerator Daily Digest 2/21/2019

Overseas:

1. Menlo Ventures just raised a new $500 million fund to invest in Series B and C rounds

2. German insurance giant Allianz increases its VC fund to $1.1 billion

3. Talent investor Entrepreneur First closes the first US$115M worth of global fund 

4. EU countries back copyright reforms aimed at Google, Facebook

5. Steve Cohen’s Point72 Ventures has invested in a U.S. cybersecurity firm Armorblox

6. SoftBank’s Vision Fund leads a $200 million investment in Clutter at a $600 million valuation

7. WhatsApp bug lets users bypass new privacy controls

8. Uber fixes bug that exposed third-party app secrets

9. Lyft reportedly plans to debut on Nasdaq next month

10. QuizUp founder launches Teatime, a mobile gaming platform with built-in video chat

11. Morgan Stanley: Push to electric vans and trucks will be led by Amazon and other ‘megafleets’

12. Microsoft is taking a slow and steady approach toward integrating GitHub, job listings suggest

13. Image recognition startup ViSenze raises $20M Series C

China:

1. PC maker Lenovo returns to profit in third-quarter on strong performance across business groups

2. Tencent says it will not scale back on investments this year

3. Baidu bucks the capital winter to play catch-up to Alibaba, Tencent in outside investments

4. Meituan claimed that it’s impossible to integrate Dianping to Meituan app.

5. NetEase Q4 2018 Earnings Release – $2.89billion revenue in Q4 2018.

6. Vipshop Q4 2018 Earnings Release – $26.1billion revenue in Q4 2018

7. Hong Kong-based on-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn

8. Selfie app maker Meitu eyes overseas gaming market with $340 million deal for a 31% stake in game publishing company Dreamscape Horizon

9. Logistics booking platform Huolala 货拉拉 secured an investment of $300million in Series D.

10. Streaming media platform Douban FM 豆瓣FM received investment from Tencent music group.

Cross-border:

1. Chinese electric car maker Kandi shares rocket 40% on approval of US imports

2. On-demand shuttle startup Via enters South American market

Mobile:

1. Samsung just announced the first foldable phone you can buy and it will cost $1,980

2. Xiaomi’s Mi 9 includes a triple lens rear camera and wireless charging

Emerging Market:

1. Facebook and Singapore Infocomm Media Development Authority launched their first data innovation startup programme in Asia

2. Indonesia-based fintech platform InfraDigital raises seed funding from Fenox Ventures

3. Dentsu Aegis Network acquires digital agency Happy Marketer

4. Singapore-based social media platform Bigo to invest over US$100M for India expansion

cover picture credits from Jing Daily.