Chinaccelerator Daily Digest 2019/10/23

China:

1. China’s economic growth could fall below 6% in 2020, says the IMF

2. China emerges as the global leader in patent filings in 2018

3. China criminalises loans with annual interest rates above 36 per cent in crackdown on private lending

4. Yingce Capital 渶策资本 announced completion of its first fund with over $350 million in fundraising

5. China Mobile, China Unicom growth flattens ahead of 5G rollout

6. Baidu CEO optimistic about company’s AI plans despite recent troubles

7. Ronglian Cloud Communication 容联云通讯 raises funding in Series D round to accelerate transformation of cloud communication technology

 

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Mobile-only Market:

1. Indian fintech startup Crediwatch raises $3.2m in Series A round

2. Indonesia’s PrivyID works with the government to safeguard identities

 

Cross-Border:

1. Southeast Asian property platform PropertyGuru backed by KKR cancels Australian IPO

2. UBS to seek full control of Chinese securities joint venture by 2020

 

Overseas:

1. France’s AI startup scene grew 38% in 2019 with government and investor backing

2. Fake videos could be the next big problem in the 2020 elections

3. Luge Capital raises $85M to invest in Canadian fintech startups

4. Singapore-based Quest Ventures nears first close of $50m early-stage SEA fund

5. Data-driven VC firm Hatcher+ bags $5.5m in seed funding

6. WeWork staff, facing job cuts, express outrage at $1.6b payout to founder Adam Neumann

7. Roku buys adtech platform dataxu for $150 million

8. Databricks, a company that provides enterprise-focused scalable data science and data engineering tools, raises $400 million at a $6.2 billion valuation

9. Australian Fintech Startup Athena Raises $70M To ‘Free People From Mortgage Handcuffs’

10. Signal AI taps $25M for public data-based market intelligence that spots trends and risks

11. Aurora Insight raises $18 million for sensors and AI that monitor radio frequency spectrum in near-real time

12. Disperse raises $15 million for computer vision that tracks construction site progress

13. Electric vehicle charging software EV Connect raises $12 million

14. Sandbox VR raises $11 million from elite Silicon Valley and Hollywood investors

15. Octave Raises $11M Series A To Make Mental Health Care More Accessible

16. LabGenius raises $10M to use AI for protein drug discovery

17. Winnie Raises $9M Series A For Childcare, Preschool Platform

18. Nicecactus.gg raises $5.5 million to train esports athletes for the sponsored life

19. DeepMind transfers cube-stacking skills from simulation to physical robot

20. Singapore bike-sharing firm Moov gets license to operate 10,000 bikes

Image Credits: crunchbase

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