Chinaccelerator Daily Digest 2019/10/11

China:

1. Pudong Science and Technology Fund 浦东科创母基金 officially set up and operated with starting fund of 5.5 billion yuan

2. Shaanxi Province and Alibaba to build smart agricultural industry system

3. ByteDance-owned TikTok denies censorship of users’ content amid call for US review of app over security concerns

4. Alibaba officially established incubator for Mini-Program developers in the ecology space

5. Cross-border payment platform XTransfer raises USD 15 million in Series B1 round, led by Alibaba

6. i-Bei Diao i背调, a startup that provides pre-employment background investigation services, secured 10 million RMB in B1 round from Mingshi Capital

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Emerging Market:

1. India’s Vahdam Teas raises $11M to grow its tea-commerce business in the US and Europe

2. Social commerce app DealShare raises $11m from Matrix Partners India, Falcon Edge, others

Cross-Border:

1. Accenture to acquire China auto tech startup Futuremove Automotive

Overseas:

1. Australia’s Telstra Ventures raises $50m sidecar fund

2. Lab-grown meat could be on store shelves by 2022, thanks to Future Meat Technologies

3. Lilium is looking to raise up to $500M for its electric flying taxis

4. Austin’s Newest Unicorn: RigUp Lands a16z-led $300M Series D

5. Grammarly raises $90 million for AI that spots grammar errors and plagiarism

6. Clari raises $60 million for AI sales pipeline optimization tools

7. Electric moped startup Revel raises $27.6 million as it eyes new markets

8. Parsley raises $26 million to provide personalized telemedical care nationwide

9. Einride raises $25 million to accelerate rollout of its autonomous electric shipping fleet

10. Nerd Street Gamers raises $12 million for building esports facilities

11. New Vector scores $8.5M to plug more users into its open, decentralized messaging Matrix

12. Nexkey raises $6M Series A round to make your company’s doors smarter

13. Meta Games raises $2 million for esports mobile games

Image Credits: kr-asia