China:
1. China tops the world in 5G patent filings, but grant rates are modest
2. China’s regulators launch ‘all-around’ crackdown on cryptocurrency
3. Smartphone maker OnePlus reports second data breach in 2 years
4. Major layoffs at online tutoring platform Vipkid in preparation for growth
5. Global travel culture and content platform Sanmao 三毛游 raised tens of millions in Series A
6. AI data company Xencio 见知数据 raised 7-digit RMB in Series A to provide cash flow management service
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Mobile-only Markets:
1. India’s financial services firm Paytm raises $1B
2. Indonesian ecommerce giant Tokopedia to offer health products through GoApotik partnership
3. Indonesian ecommerce giant Tokopedia may secure up to $1.5b in fundraise before IPO, sources say
4. Payments firm 2C2P banks $52m to expand beyond Southeast Asia
Overseas:
1. Alphabet’s trash-sorting robots have reduced office waste contamination to ‘less than 5%’
2. Facebook trains AI to generate worlds in a fantasy text adventure
3. Facebook confirms facial recognition app, says it was only for internal use
4. Facebook prototypes Favorites for close friends microsharing
5. Tesla’s Cybertruck is made of the same stainless steel alloy that SpaceX is using for Starship
6. Tesla’s Cybertruck will have a solar charging option, says Musk
7. Tesla Cybertruck reservations hit 146,000
8. AT&T promises low-band 5G for 5 cities in weeks, 15 by early 2020
9. More than 1 million T-Mobile customers exposed by breach
10. VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund
11. Coherence raises $2.5 million for open source platform to democratize connected game development
12. Razer Junglecat turns my phone into a Nintendo Switch for cloud gaming
Image Credits: Alphabet
Catch the livestream for Chinaccelerator Batch 16 Demo Day at 2pm on 11/27 (This 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.
Sign up for the livestream here: Chinaccelerator Batch 16 Demo Day Livestream
