Chinaccelerator Daily Digest 2019/11/18

China:

1. CreditEase’s fintech fund eyeing Southeast Asian companies

2. TikTok owner ByteDance to launch music streaming service as soon as next month

3. Douyin, TikTok notch 1.5 billion downloads across iOS and Android; TikTok still most popular app despite slowdown in 2019

4. Huawei’s Mate X foldable 5G phone sells out on its first day ‘within seconds’

5. Didi says more than a third of China’s EVs are registered on its platform

6. JD.com’s revenue jumps in Q3 on lower-tier market push

7. China’s Tencent in talks to form consortium for Universal Music Group stake

8. World’s biggest commercial drone manufacturer DJI is developing tracking and ID tech to act as ‘license plates for drones’

9. Ctrip-backed hotelier LvYue secures funding from Tencent and Goldman Sachs

10. Xiaochuang 小创科技, startup that uses IoT technology to explore the hospital’s sensory market, raised 10 million in Pre-A round

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Mobile-only Markets:

1. Regulators to limit e-scooter operations in Jakarta after fatal collision

2. Indian video e-commerce app SimSim raised USD 6 million in Series A round led by Accel and Shunwei Capital

Cross-Border:

1. US government to extend Huawei license by two weeks

2. African start-ups get US$1 million boost from Jack Ma’s Netpreneur Prize

3. Indian language learning startup Multibhashi raises capital from Japan’s RareJob

4. Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Overseas:

1. PE giant KKR seeks record $12.5b for Asia buyout fund

2. Northzone, European VC firm and early backer of Spotify, raises new $500M fund to back startups in Europe (and the East Coast, US)

3. Tribeca, Vanda seek to gather over $300m for Asia credit fund by year-end

4. Payment software unicorn Bill.com files for $100M IPO

5. SoftBank announces Yahoo Japan-Line merger to create $30b tech giant

6. NUVIA, chip design startup founded by former Apple & Google chipmakers, raises $53M Series A

7. Hypernet Labs raises $10 million to ‘democratize’ data science

8. Jüsto, Mexico’s first online supermarket, raises $10M seed from global investors

9. Singapore online gift card startup bags $845k in seed funding

10. Army photogrammetry technique makes 3D aerial maps in minutes

Image Credits: Technode