Chinaccelerator Daily Digest 2019/11/05

China:

1. China’s venture capital market falls to a lower record of US$4 billion in October

2. Tencent wants to replace cars with flying taxis

3. Alibaba quarterly revenue jumps 40 per cent ahead of Singles’ Day shopping festival

4. Alibaba defends No.1 position in China’s e-commerce market, growing top line by 40% amid sagging economy

5. Bilibili introduces music incentive program to entice artists

6. Samsung to begin layoffs in China, affecting one third of employees

7. Naxions 诺信创联, Chinese provider of digital marketing solutions for pharmaceutical companies, completed US$150M Series B round

8. Blockchain infrastructure provider Node Pacific 节点亚太 secures Pre-A funding round

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Mobile-only Markets:

1. Indonesia will impose fines on Facebook and other social platforms due to negative content

2. Burger King’s India unit looks to raise $56.6m in IPO

3. Edtech startup Gradeup raises $7M to expand its online exam preparation platform to smaller Indian cities and towns

4. Lokal, Indian vernacular content platform that informs users of meat and gold prices, raises USD 3 million

Cross-Border:

1. China’s Huazhu 华住集团 to buy German luxury hotel group Steigenberger for $781m

Overseas:

Image Credits: TechGenez