Chinaccelerator Daily Digest 2019/10/16

China:

1. Huawei says 9-month revenue up despite US pressure

2. ByteDance to launch an AI tutor for kids in 2020

3. Meituan announced the establishment of “Meituan University”, covering catering, takeaway and others

4. NetEase education unit Youdao looks to raise $116 million in US IPO

5. Jirui Technology 极睿科技, a startup that brings AI to fashion and retail industries, raises 1 billion yuan in A-round financing

6. IoT technology provider Huilian 慧联无限 secured several hundred million RMB in C-round financing

7. Bao Da Shi 包大师, a luxury goods platform, raises nearly 100 million in A+ round financing

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Emerging Market:

1. Indian startup Qure.Ai in talks with VCs to raise $20m to fight tuberculosis

Cross-Border:

1. Japan’s Credit Saison to launch $55m SE Asia, India-focused venture fund

2. State-backed Cool Japan Fund to invest $50m in Indonesia’s Gojek

Overseas:

1. Global PE firm Permira closes seventh buyout fund at $12b

2. David Sacks’s Craft Ventures just closed its second fund with $500 million

3. M13 Raises $175M Fund II To Invest In Early Stage Consumer Tech

4. Boston’s Clean Energy Ventures Raises $110M For Its First Fund

5. Uber adds electric mopeds to its transport options, starting in Paris

6. Ex-Uber exec launches startup to autonomously reposition electric scooters and bikes

7. Algolia finds $110M from Accel and Salesforce for its search-as-a-service, used by Slack, Twitch and 8K others

8. Level Home raises $71 million from Walmart to imbue locks with connected smarts

9. Wheels raises $50 million for ebikes focused on safety and durability

10. CleverTap raises $35 million for AI that tracks and builds customer engagement

11. Ex-Lazada exec gets $33m funding for healthcare startup Alodokter

12. Flowhub raises $23 million for its retail management software for cannabis dispensaries

13. Herow closes $18.6 million round for developers and marketers to serve contextual messages in mobile apps

14. Korean edtech firm Mathpresso raises $14.5m to expand in Asia

15. The digital banking startup that just closed $4.9M and came out of stealth

16. Brooklyn-based construction robotics startup Toggle gets $3M seed fund

17. Spearhead will give $1M to 15 founders to invest freely

18. Singapore-based foodtech startup Mekhala raises $730k in seed round

19. Kabuto is building smart suitcases for geeks

20. Square Off launches Kickstarter campaign for AI-based connected chess boards

Image Credits: techcrunch