Chinaccelerator Daily Digest 2019/12/03

China:

1. China targets ‘deepfake’ content with new regulation

2. China now requires facial scans for SIM card registration

3. China may slow down approvals for IPOs amid declining investor interest

4. Chinese cloud infrastructure spending reaches almost $3B a quarter according to Canalys

5. SK China, Hillhouse Capital said to prepare $850m investment fund

6. Chinese PE firm Loyal Valley Capital raises $465m for second USD fund

7. Tencent pours $2 Billion into Kuaishou

8. Huawei faces image crisis for sending former employee to jail

9. Chinese co-working firm Kr Space closes last location in Hong Kong

10. Fintech firm One Connect plans to raise $468 million in downsized IPO

11. Chinese biopharma firm EOC Pharma snags $71m in Series C round

12. Hillhouse Capital Leads $28M Series A+ Round In Chinese Insurtech Start-up Lima Technology

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Mobile-only Markets:

1. Sales days reveal the growing appetite for ecommerce in the Philippines

2. Cellphone plans get up to 40% costlier in India

3. Accel closes new $550M fund for India

4. India’s Piramal Capital said to raise $153m from Barclays

5. Yes Bank investors back its plan to raise as much as $2b

6. Indonesia’s Kredivo banks $90m in series C round to expand its credit lending platform in Southeast Asia

Cross-border:

1. Toyota takes aim at Chinese mobility market with new partnership

2. Credit startup Migo expands to Brazil on $20M raise and Africa growth

3. Penta, the German business banking challenger, partners with SumUp to target offline businesses

Overseas:

1. Cyber Monday on track to deliver $9.4B in US online sales

2. Portag3 Ventures closes $320 million second fund focused on fintech investment

3. Diversity-focused VC fund Harlem Capital debuts with $40M

4. ZoomInfo, sales and marketing tech company that sells access to its business database, confidentially files for IPO

5. TikTok under fire for content policies involving disabled user videos

6. AWS announces DeepComposer, a machine-learning keyboard for developers

7. T-Mobile launches first U.S. nationwide 5G network with low-band 600MHz

8. Korean ride-hailing service Tada to face court hearing over regulatory issues

9. London-based on-demand wages app Hastee snaps up $270M in debt & equity for fast pay

10. Cuvva, app-based insurance provider, raises £15M Series A to launch flexible monthly car insurance

11. Uncapped, startup that wants to provide “revenue-based” finance to growing European businesses, raises £10M

12. Digital media firm Collab Asia raises $7.5m Series B from Korean investors

13. Fulcrum, which provides freelance placement opportunities for technical projects, raises $1 million

Image Credits: pandaily