Chinaccelerator Daily Digest 2019/11/11

China:

1. Alibaba broke $12 billion in GMV in first hour of 11.11 shopping festival

2. China’s new gaming rules for minors threaten Tencent’s growth

3. Alibaba looks to increase stake in logistics company Cainiao 菜鸟

4. Alibaba to start pre-IPO road shows in Hong Kong next week

5. Chinese tech news site 36Kr flops in tough week for US IPOs

6. Lenovo pilots VR as an alternative to general anesthesia for kids

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Mobile-only Markets:

1. Indonesian fintech company Achiko lists on Swiss Exchange

2. Shared accommodation startup Guesture in talks to raise $50m

3. Lori, African logistics platform that connects cargo owners with truck fleets, closes $30m led by Hillhouse, Crystal Stream

4. Digital entertainment startup POPS Worldwide snags US$30M in funding, launching its free premium content apps

5. India’s microfinancing firm Svasti Microfinance secures $10m from clutch of investors

Cross-Border:

1. Trump says he has not agreed to roll back tariffs on China, after week of trade optimism

2. Real estate investment platform ESR launches $240m logistics trust with China Merchants Capital

3. Lend East raising US$50M debt capital to connect institutional investors with alternative lenders in India, SEA

4. Mitsubishi rides on Gojek to tap opportunities in Southeast Asia

5. Singapore’s SPH Reit acquires Westfield Marion Shopping Centre in Australia for $460m

Overseas:

1. Facebook says it will remove posts purporting to name the Ukraine whistleblower

2. Google’s Teachable Machine 2.0 elucidates the basics of machine learning

3. WeWork details its turnaround strategy including divestments and new (old) focus

4. Starting Line, Chicago’s newest early-stage B2C VC firm, closes $17M for its first fund

5. Swedish electric scooter startup Voi raises $85 million to push for profitability

6. Fintech startup Alpaca nabs $6M for stocks API so anyone can build a stock trading app like Robinhood

7. Tokyo-based WealthNavi, provider of Japan’s biggest financial robo-adviser service, raises $37.6m in Series D round

8. Singapore fintech bet M-Daq gets Samsung backing at a $368m valuation

9. Gaming company Flavourworks raises $3.8 million to make interactive games with live-action video

Image Credits: KrAsia