Chinaccelerator Daily Digest 2019/12/04

China:

1. China’s new NEV plan allows automakers greater autonomy in tech development

2. 5G is still an infant, but smartphone makers are racing for early adopters in China

3. Tencent to launch Nintendo Switch in China on Dec. 10

4. Content aggregator Qutoutiao’s 趣头条 revenue growth slows sharply in Q3

5. AI startup Megvii 旷视 delays IPO to 2020

6. Logistics warehouse distribution company Huang Douxia 黄豆侠 raises 70 million RMB in Series A and incubates social commerce business Mjia Shenghuo 蜜家生活

7. Chinese one-stop AI data service platform Graviti raises $10M in pre-A round

8. Hong Kong software startup Area28 secures $2.15m from Alibaba, Vectr, others

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Mobile-only Markets:

1. Indian non-banking financial company Electronica Finance raises $14m from Encourage Capital

2. Hyderabad-based customer loyalty and rewards platform Froogal nabs pre-Series A funding

Cross-border:

1. Sequoia Capital raises $2.35b for China-focused funds

2. Xiaomi launches digital lending app ‘Mi Credit’ to offer credit to millennials in India

3. Indian ticketing startup BookMyShow gets Jungle Ventures backing, shifts regional HQ to Singapore

Overseas:

1. Carmakers are shedding 80,000 jobs around the world as the era of the electric vehicle upends the global automobile industry

2. SG-based Circulate Capital launches $106m fund to address Asia’s ocean plastic crisis

3. AI capsule system, developed by researchers at Google, University of Oxford and elsewhere, classifies digits with state-of-the-art accuracy

4. AWS launches major SageMaker upgrades for machine learning model training and testing

5. Amazon introduces Fraud Detector and CodeGuru

6. YouTube won’t restrict simulated violence in video game content

7. SaaS unicorn Druva crosses $100M ARR Mark

8. ‘E-wallet factory’ MatchMove to raise US$150m in series C round, eyes profitability next year

9. SoftBank leads $100m round in Mexican financial services firm Konfio

10. SoftBank leads $30 million investment in Accel Robotics for AI-enabled cashierless stores

11. Migo, fintech startup with a cloud-based lending platform, raises $20M to help provide digital credit in Nigeria and Brazil

12. Blockchain-based ride-hailing service Tada bags $5m in series A round

13. Podcorn, marketplace that uses machine learning to match podcasters with the most suitable advertising brands, launches today

Image Credits: TechNode