Chinaccelerator Daily Digest 2019/11/29

China:

1. PBOC stresses safeguards when facial recognition tech is used in payments

2. Xiaomi growth slows in third quarter as China smartphone demand wanes

3. Education platform Gaosi 高思教育 announces completion of D+ funding round led by Tencent; officially changed its name to Aixuexi 爱学习教育集团

4. Ride-hailing company WeRide kicks off a robotaxi pilot program in Guangzhou

5. Chinese automotive aftermarket service platform Jybd.cn 甲乙丙丁 announced RMB350 million (US$50 million) raised in Series B round

6. O2O second-hand trading platform Yue Lin 阅邻 raised over 100 million yuan in A + round, plans to establish 10,000 offline recycling stores within three years

7. Virtual interactive social platform Doukan 逗看 raised 10 million yuan in Pre-A round

8. Hui Sheng Huo 慧生活, SaaS system that integrates businesses, properties and owners, completes 2 million yuan in seed funding

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Mobile-only Markets:

1. Ola reorganizes business, cuts staff ahead of planned IPO, sources say

2. Private equity firm Warburg Pincus LLC said to eye up to $1.5b for first India-focused fund

3. Indonesian P2P lender Amartha bags Series B money from Line, others

4. Biotechnology startup Zumutor Biologics raises $4M in Series A2 round

5. Indonesian fintech startup Halofina snags pre-Series A funding

6. Indian insurtech startup Acko raises funds from Ascent Capital

Cross border:

1. Softbank and Tencent investor Lippo Group collaborate on AI and IoT for property development

2. Panasonic to sell loss-making chip unit to Taiwan’s semiconductor manufacturer Nuvoton for $250m

Overseas:

1. 2019 Thanksgiving e-commerce sales show 14% rise on 2018, $470M spent so far

2. Australia launches $352m business growth fund to provide longer term equity funding to small businesses in the country

3. Airbnb lost $100 Million in Q2

4. Revolut now supports direct debits in the UK

5. Vinted, the second-hand clothes marketplace, raises $141M at a $1B+ valuation

6. Saas startup Forest Admin raises $7 million to help you build admin panels

7. Foodvisor raises $4.5 million to track what you eat using AI

Image Credits: Abacus