Chinaccelerator Daily Digest 2019/11/15

China:

1. Hangzhou launches start-up insurance to boost entrepreneurship

2. Livestreams on Taobao Live earn RMB 20 billion in sales on Singles Day

3. Luckin reports 540% revenue growth on quest to outnumber Starbucks storefronts in China

4. WeWork’s China rival Ucommune targets US listing in December

5. Chinese podcast startup Ximalaya 喜马拉雅 seeks to raise funds at $3.5b value

6. Baicells, Qualcomm-backed Chinese company that provides LTE wireless broadband access solutions, to raise $85m in Series C round

7. Carnot Innovations, HK proptech firm that uses AI to predict failures in HVAC systems in buildings, secures $800k from 500 Startups, others

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Mobile-only Markets:

1. Thai PE firm Lakeshore Capital in the market for $125m second fund

2. Ujjivan Small Finance Bank raises $35.7m in pre-IPO round

3. Bengaluru-based artificial intelligence chatbot Niki.ai plans to raise $30m, and more updates

4. Indonesian serial entrepreneur Natali Ardianto kicks off on-demand digital pharmacy platform Jovee

5. Indonesia’s digital credit platform Kredivo said to secure Series C funding from Mirae Asset Capital

Cross-Border:

1. Burberry, Tencent join hands to roll out social media-friendly stores

Overseas:

1. Report shows GrabPay is the e-payment app that Singaporeans use the most

2. Norwest Venture Partners raises $2B fund, the firm’s largest yet, to invest in companies across all stages and verticals

3. Google Search now lets you practice the right way of saying difficult words and get immediate feedback

4. Facebook’s AI system now detects 80% of hate speech proactively

5. Grab said to seek up to $30m in funding for e-scooter service

6. In its first funding in 14 Years, Toronto’s password manager 1Password raises $200M Series A led by Accel

7. DoorDash said to seek $100M more at similar valuation to its $12.6B Series G

8. Moveworks, startup using AI to resolve Help Desk tickets automatically, announced $75 million Series B investment

9. Punchh lands $40M to give physical retailers Amazon-style analytics

10. Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

11. AMP Robotics raises $16 million to sort recyclable materials autonomously

12. Endurance event marketplace ‘Let’s Do This’ races to $15M Series A

13. Investigative intelligence platform Siren raises $10 million

14. Bossa Nova Robotics unveils inventory robot for small stores

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