Chinaccelerator Daily Digest 2019/10/14

China:

1. Chinese state firms launch $774m science & tech fund in Shanghai

2. ByteDance deploys gaming teams in five cities in bid to double 2019 revenue

3. Meituan rebrands its lodging marketplace to take on Airbnb in China

4. Tencent expands health care investments in USD 500 million Hillhouse deal

5. Q&A platform Zhihu adding livestream feature

6. Kuan Deng Technology 宽凳科技 raises nearly RMB 100 million in A+ round, accelerating commercialization of high-precision maps for autonomous driving

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Emerging Market:

1. VinaCapital-led consortium to invest $21.4m in packaging firm Ngoc Nghia

Cross-Border:

1. LGT Capital hits final close of fourth Asia-focused PE fund at $1b

2. SoftBank to invest $500m in venture capital funds in Latin America

3. Chinese cross-border e-commerce firm Club Factory raises $100M to expand its lifestyle e-commerce platform in India

4. Manila-based HR and payroll startup Sprout gets $6m injection from NY-based Point72 Ventures

Overseas:

1. Trust Ventures raises $70 million for startups targeting public policy and social problems

2. Tanglin Venture Partners closes early-stage fund at around $51m

3. LinkedIn’s AI automatically generates photo text descriptions

4. Descartes Labs snaps up $20M more for its AI-based geospatial imagery analytics platform

5. Polte raises $12.5 million to track devices using LTE signal

6. Xor raises $8.4 million for AI-powered job candidate recruitment and screening

7. South Korean blockchain startup Iconloop raises $8.3m in series A funding

8. Rahko raises £1.3M seed from Balderton for quantum machine learning tech

9. Red Heart’s Heat Wave yarn uses proprietory technology to generate heat when exposed to sunlight

Image Credits: techcrunch