Chinaccelerator Daily Digest 2019/10/28

China:

1. China’s second chip-focused ‘Big Fund’ raises $29 billion

2. ByteDance is incubating a music app, Yinyuebang 音乐帮 to take another crack at social networking in China

3. WeChat launches a new mini program to coach mini apps developers

4. Meituan Dianping and Xiaomi shares jump as they become available to mainland traders on Stock Connect

5. Speech recognition firm iFlytek’s Q3 profits surge as investments pay off

6. Voice interactive app Li Zhi 荔枝 is scheduled to IPO in 2019, fundraising value may be around $100 million

7. Chinese rental platform Qingke 青客 aims to raise $100 million in US IPO

8. Chinese digital service provider Yunxi Technology 云徙科技 secures $50m Series B round

9. Agricultural B2B e-commerce startup Nongmiao Xiaoer 农苗小二 raises funding in angel round

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Mobile-only Markets:

1. India’s online grocery retail market set to touch $10.5b by 2023

2. Warburg Pincus-backed Indian logistics firm Ecom Express sets to raise USD 70.5 million

3. Binny Bansal, an Indian cloud-based smart data platform for restaurants and F&B firms, leads $12.5m funding in Jungle Ventures-backed Mobikon

Cross-Border:

1. Hyundai, Via and Chinese startup Pony.ai launch robotaxi pilot service in California

2. Public, private-owned Cool Japan Fund invests US$50M in Gojek, keeps going despite reported loss

3. WeWork reportedly to scale back its China’s business amid dire cash situation

Overseas:

Image Credits: Techcrunch