Chinaccelerator Daily Digest 2019/10/21

China:

1. 86,000 5G base stations opened nationwide; Beijing, Shanghang, Guangzhou and Hangzhou achieves full 5G contiguous coverage

2. China economy set to sink further, with US trade war and pork crisis to drive record low growth lower still

3. China awards top tech prize to firms blacklisted by the US

4. State-backed UnionPay announces new facial recognition payment feature

5. WeChat bans external links asking users to spam contacts

6. Parcels can now be delivered to your car; China’s JD Logistic allows cars to be used as mailing address

7. Cathay Pacific cuts earnings outlook as travellers avoid HK

8. Huawei is in early talks about licensing 5G tech to U.S. firms

9. Chinese surveillance giant Hikvision warns of client losses after US curbs

10. Chinese cloud-based healthcare firm Taimei nets $212m in fresh funding

11. Tencent co-leads $141m Series B round for Chinese e-invoicing firm, Hainan Golden Technology

12. Weize Technology 维择科技 announced USD 10 million funding raised in C+ round

 

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Mobile-only Market:

1. Seafood major Thai Union sets up VC arm, commits to invest $30m in foodtech

2. Gojek CEO resigns to join Indonesian government

3. Southeast Asia is in plastic waste crisis, and these 16 sustainable startups strive to turn things around

4. 9 Malaysian e-commerce startups on the fast track of growth, offering localised solutions

5. Indonesian O2O platform Kudo rebrands itself into “GrabKios by Kudo”

6. Indonesian edtech startup Zenius reportedly raised US$20M from Northstar Group, onboarding ex-gojek COO as its new CEO

7. Sales conversions startup SalesCandy gets pre-series A funding

8. India’s RupeeRedee raises $6m from Digital Finance International

9. Vietnamese B2B marketplace Telio said to bag Tiger Global-led Series A funding

 

Cross-Border:

1. LGT Lightstone plans to invest up to $50m in Canadian firm AMP’s India unit

2. Grab, Gojek, state-owned electricity provider PLN to develop EV in Indonesia

3. Singaporean Zilingo launches SheWorkz in Indonesia to empower Asian women, providing chances to start business from home

 

Overseas:

1. Singapore keeps top spot in Asia for IP protection

2. VR/AR startup valuations reach $45 billion (on paper)

3. Google Maps adds more Waze-like features, including driving-incident reports

4. Wing launches drone delivery in Christiansburg, Virginia

5. MediaLab acquires messaging app Kik, expanding its app portfolio

6. Fitbit strikes healthcare partnership to detect irregular heart rhythm

7. Bosch’s new ‘ear’ for the Space Station’s Astrobee robot will let it ‘hear’ potential mechanical issues

8. Zubale, founded in Mexico City by two HBS grads, just raised $4.4 million to put locals to work over their phones

9. Singapore’s Zilingo to invest $100m in fashion supply chain in the US

10. Singapore medtech startup Curiox bags $15m, plans IPO

11. Australia’s Canva raises $85m at $3.2b valuation

12. Fintech startup GDP secures US$1M in seed funding, providing cross-border services for SMEs

Image Credits: BigStock/Enggao

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