Chinaccelerator Daily Digest 2019/11/26

China:

1. Tencent bites dust as Alibaba’s new Hong Kong IPO outstrips everyone’s market cap

2. Huawei ships over 7 million Mate 30s, its head of consumer business says

3. Pinduoduo denies incubating livestream service

4. Tongchen 同程艺龙’s third-quarter revenue was 2.1 billion yuan, a year-on-year increase of 22%

5. Chinese Tinder-like Tantan launches “Flash Chat” mode to boost matches 

6. Online learning platform for children’s programming WeCode raised millions of USD in Series A round

7. Intelligent operation and maintenance system provider Jingchuang 擎创科技 raised 100 million RMB in Series B round

8. Energy Chain Group, platform for oil, electricity and refueling, raises USD 110 million in Series C round

9. Taiwan’s Appier raises $80 million for AI that improves marketing decisions

10. Touche 透彻影像, medtech company using AI to provide diagnosis and solutions, received tens of millions in Pre-A round

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Mobile-only Markets:

1. Amazon-backed Shuttl raises $36M to expand its app-based bus aggregator in India

Cross border:

1. Chinese investors choose Singapore over Hong Kong for ‘diversification’ — but things could change

2. Amazon to open pop-up store on Pinduoduo until year-end

3. Singapore startup hub Block71 lands in Vietnam

Overseas:

1. Weekend Fund raises $10M for second early-stage fund

2. Facebook details the AI technology behind Instagram Explore

3. New Amazon tool helps machine learning models identify unique objects

4. Amazon Translate gains 22 languages and 6 server regions

6. Airbnb lost $100 million in Q2

7. Coup shuts down its electric moped scooter service

8. Dating.com Group acquires Dil Mil app for South Asian expats as dating apps consolidate

9. Engineer.ai launches its Builder Now platform for rapid app prototyping and building

10. Lime is launching electric scooters in Cape Town

11. Co-founder ‘couples therapy’ helps avoid company-killing pitfalls

12. Argentine personal finance app Ualá raises $150M led by Tencent and SoftBank

13. E-books and audiobooks subscription startup Scribd raises $58M

14. Cloud video collaboration platform Frame.io raises $50 million, heads to Hollywood

15. Sweden cybersecurity startup Detectify raises additional €21M for its ethical hacker network

16. Singapore anti-money laundering software startup TookiTaki raises $11.7 million in additional Series A funding

17. eBay to sell ticket marketplace StubHub to viagogo for $4.05 billion

18. Medicine delivery startup Gmedes secures funding in 500 Startups-led round

Image Credits: Yicai

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