Chinaccelerator Daily Digest 2019/10/31

China:

1. Chinese shoppers say they would shun American brands during Singles’ Day shopping

2. China orders more than 40 peer-to-peer lenders in Shanghai to shut as overhaul continues in US$150 billion financial industry

3. China sends top financial officials to clean up debt-laden provinces amid growing signs of economic risk

4. China’s Baidu, Qihu 360 release free mobile software to spot spy cameras

5. JD Digit-backed Chinese used car financing service Meili 美利车 files for US IPO

6. Suo Yuan 索元生物, biopharmaceutical company that develops new drugs, secures 300 million B round of financing

7. Matrix-backed Chinese biotech startup Genecast 臻和科技 closes $43m Series D1 round

8. Knowledge Vision 知识视觉 bags tens of millions of A+ rounds of RMB financing to provide AI medical diagnostic aid and health insurance service

 

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Mobile-only Markets:

1. Indonesia’s Indogen Capital said to seek $50m for new venture fund

2. Vietnamese startup Lozi, a C2C ecommerce portal with its own fleet for on-demand delivery service LoShip, secures 8-digit funding from Smilegate Investment

3. Indonesian edtech startup Ruangguru takes its classes to Vietnam

 

Cross-Border:

1. Consumer-focused PE firm L Catterton raises $1.45b for third Asia fund

2. Nestle is weighing a US$1 billion sale of two ailing Chinese consumer brands after failing to turn them around

 

Overseas:

1. Walmart and Green Dot to jointly establish a new fintech accelerator, Tailfin Labs

2. A week-long iOS App Store bug wiped out over 20M ratings

3. MIT CSAIL’s swarm of robotic cubes can shapeshift at will

4. L.A.’s Newest Unicorn: Mobile Game Publisher Scopely Raises $200M At $1.7B Valuation

5.Wholesale marketplace Faire raises $150 million at a $1 billion valuation

6. Australian e-commerce marketing technology company Rokt raises $48m from TDM Growth Partners, others

7. Particle raises $40 million for IoT device management and developer tools

8. Video news startup Brut raises $40M, officially launches in the US

9. Prosus Ventures leads $40M investment in Indian logistics startup ElasticRun

10. Korean mobility firm Code42 banks $25m in Kia-led round

11. Stampli raises $25 million in Series B to bring AI to invoice management

12. Recruitment platform Fountain raised USD 23M in Series B round to help companies find odd jobs efficiently using AI

13. Rocket-backed Helpling, online marketplace for household services, banks $22m to drive growth in new verticals

14. Duality Technologies raises $16 million for privacy-preserving data science solutions

15. Muy raises $15M to grow its new cloud kitchen concept

16.  Tactile Mobility raises $9 million to derive insights from vehicle sensor data

17. FundamentalVR raises $5.6 million for virtual reality medical training

18. Trello reaches 50 million users, introduces new automation and template features

19. Foodpanda Singapore expands into grocery delivery

 

Image Credits: scmp

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