Chinaccelerator Daily Digest 2019/11/22

China:

1. China to set up $7b fund to invest in security industry

2. China looking to require cybersecurity researchers report vulnerabilities issues to authorities before making them public

3. China’s state-backed firms raise two $426m funds for industry development

4. ByteDance’s Douyin integrates shopping feature to increase revenues

5. Meituan shows it is possible to make (adjusted) food delivery business profit

6. E-commerce firm Pinduoduo posts bigger quarterly loss as operating costs surge

7. Chinese mining rig maker Canaan Inc. raises $90 million in US IPO

8. Product search engine BigGo 比個夠比價網 bags $5m in Series A round

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Mobile-only Markets:

1. Venture capital firm India Quotient, which had previously backed regional language social platform ShareChat, raises USD 100 million

Cross-Border:

1. Silicon Valley startup incubator Y Combinator to close China unit

2. US-China Green Fund to hit first close of $700m fund by year-end

3. Gojek reapplies to enter the Philippines

Overseas:

1. Germany opens door to private 5G networks with 3.7-3.8GHz licenses

2. Peter Thiel’s Founders Fund raises $1.5b for new fund that will invest in older, larger companies

3. Google quintuples top reward for hacking Android to $1 million

4. Apple expands and updates its ‘Everyone Can Code’ program

5. WeWork to lay off 2,400 employees globally

6. Snapchat’s Time Machine lens uses AI to age and de-age selfies

7. Twitter will finally let you turn on two-factor authentication without giving it a phone number

8. My Storytime lets parents record bedtime stories through Google Nest devices

9. Verizon and Snap team up for Snapchat 5G augmented reality features

10. Process mining company Celonis raises $290 million at $2.5 billion valuation to expand into automation

11. Automation Anywhere, robotic process automation startup based in San Jose, raises $290 million at a $6.8 billion valuation

12. Austin-based Next Coast Ventures just closed its second fund with $130 million

13. N3twork raises $40 milllion for platform to help mobile games gain traction

14. Austin-based online real estate brokerage REX raises $40M more to grow its AI-driven platform

15. Route, startup using AI to help customers track orders from merchants, raises $12 million in seed funding

16. Singapore-based AI human insights platform startup Quilt raises $9m in series A round

17. MontyCloud raises $2.85 million for its cloud management platform

18. Cnet founder Halsey Minor’s new startup Live Planet use decentralized technology to disrupt pay-per-view programming

19. Wonderbly launches Wonderbly Studios to let other brands use its personalisation API for printed books

Image Credits: Snapchat

Catch the livestream for Chinaccelerator Batch 16 Demo Day at 2pm on 11/27 (This coming Wed)

Chinaccelerator Batch 16 is in full swing, and nine exciting cross border companies are making their way through our intensive three-month program. They hail from cities such as Shanghai, Paris, Manila, Hong Kong, London, and Kuala Lumpur. They’re breaking new ground in diverse fields—Fintech, Insurtech, SaaS, travel, social commerce, construction, and more—while leveraging deep technology like computer vision.

Giveaway: We will select 3 people to attend this invite-only demo day in person via lucky draw. To participate, sign up for the livestream here: Chinaccelerator Batch 16 Demo Day Livestream (Deadline: 11/25 Monday 12pm)