Chinaccelerator Daily Digest 2019/10/15

China:

1. China closes ranks as AI firms join Huawei on US blacklist

2. TikTok has moved into Facebook’s backyard and is starting to poach its employees

3. Luckin Tea to settle in 20 Chinese cities soon

4. China-focused data centre developer Chayora secures $180m Series C from Actis

5. E-signature firm Esign raises USD 100 million in Series C round, led by Ant Financial

6. Mingyi Zhonghe 明医众禾, a startup providing internet solution to rural medical community, raises over RMB 100 million in Series B financing

7. Chinese biotech firm Ansun BioPharma secures $80m Series B financing to drive experimental anti-viral medication

8. Momo Technology 陌陌科技 invested 20 million yuan in safe drinking water projects and education projects in Xinhua Province

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Emerging Market:

1. Indonesia’s newest unicorn Ovo says it now has more active users than credit card companies

2. Indian digital payment startup Paytm to close $2 billion in new funding

3. Go-Ventures leads $7.5m funding in Indian social commerce startup Mall91

4. Indonesian adtech startup StickEarn raises $5.5m from Grab, others to take its vehicle ads to new places

5. India’s Reliance Jio unveils video call assistant to help businesses automate customer support

Cross-Border:

1. Apple under fire for security feature which sends some user data to Tencent

2. China Communications Construction unit to invest $1.65b in Indonesian toll road

3. Thoma Bravo makes $3.9 billion offer to acquire security firm Sophos

Overseas:

1. Jackson Square Ventures just closed its third fund with $193 million; here’s how it plans to invest it

2. EBay, Stripe and Mastercard drop out of Facebook’s Libra Association

3. Facebook’s AI streamlines sentences while preserving meaning

4. Google taps Yubico for new USB-C Titan Security Key

5. Electric moped startup Revel could expand to Texas next

6. Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

7. Alexa now speaks Spanish, including in multi-lingual mode

8. South Korean True Balance raises $23M to bring its payments app to more small cities and towns in India

9. UK biotech startup Mogrify injects $16M to get novel cell therapies to market soon

10. Australian stylish luggage startup July raises $7m in Series A round

11. Cognitive AI’s breakthrough: Real human-like reasoning in business AI solutions

12. Foodvisor automatically tracks what you eat using deep learning

Image Credits: technode