Chinaccelerator Daily Digest 2019/11/12

China:

1. China’s consumer-to-manufacturing model is expected to be a new driver in shaping the country’s e-commerce landscape

2. ZhongJi InnoLight 中际装备, intelligent equipment and optical communication devices company, commits invest 30 million yuan ($4 million) to jointly launch industry fund to promote 5G development in China

3. Beijing-based PE firm Primavera Capital raises $3.4b fund: Report

4. Alibaba’s Singles’ Day sales top $38 billion

5. Tencent falls $90b behind e-commerce giant Alibaba after NBA China Clash

6. Chinese online gaming firm NetDragon Websoft 网龙公司 secured 1 billion yuan for its education subsidiary

7. Hillhouse Capital leads Series A Round in Chinese industrial internet firm AllSense

8. RTShield 端御科技, information security technology company, raised A round of financing

Check out our latest podcast here

Check out our latest blog post here

Mobile-only Markets:

1. UAE-based fintech startup Tabby raises $2m in seed funding

Cross-Border:

1. Tencent partners with Nintendo on console games for US

2. Alibaba, US startup Lolli partner to reward shoppers with bitcoin

3. Tencent invests in Indian online insurance platform Policybazaar

Overseas:

1. MAS, Temasek develop blockchain-based prototype for multi-currency payments

2. Balderton Capital raises new $400M fund to back European tech startups at Series A

3. Singapore’s Beenext looks to raise $100m for Emeging Asia fund

4. SoftBank-backed Paytm to invest $70m in early-stage tech startups

5. Twitter drafts a deepfake policy that would label and warn, but not always remove, manipulated media

6. Google wants Chrome to offer instantaneous and native app-like experiences

7. Google Chrome to identify and label slow websites

8. Adidas backpedals on robotic shoe production with Speedfactory closures

9. Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger

10. BGH Capital, Canada’s OTPP to buy NZ dental business Abano for $95.4m

11. Singapore-based on-demand staffing platform Workmate bags $5.2m in series A round

12. OpenText acquires data backup and security platform Carbonite for $1.42 billion

13. Frontier Car Group, Berlin-based startup building used car marketplaces, picked up $400M of funding from OLX Group

14. Stingray-inspired spacecraft could eventually probe the atmosphere of Venus

Image Credits: TechCrunch