Chinaccelerator Daily Digest 2019/12/09

CHINA:

1. China National Software’s Shares Climb on Plan to Merge OS Units

2. Shanghai Names Tencent, Six Other Firms to Get Special Treatment for AI Innovation

3. China issues first fine for an unapproved game since reform

4. Alipay announced to open the online knowledge management tool Yuque 语雀

5. Chinese 3D digital app provider HeyGears 黑格科技 raises $60m from UAE’s Group 42

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MOBILE-ONLY MARKETS:

1. Style Theory, a fashion rental startup in Southeast Asia, raises $15 million led by SoftBank Ventures Asia

2. Sharia-compliant social commerce startup Evermos bags a little over $8.2m in Series A, invested by Jungle Ventures and Shunwei Capital

CROSS-BORDER:

1. Second-place China to overtake the US in global AI race in five to 10 years on current growth, report says

2. Netflix earmarks $420M to fight Disney in India

3. China’s SenseTime expects $750 mln 2019 revenue despite U.S. ban

4. Apple’s market share increased to 52% in Q3, followed by Samsung and Huawei according to counterpoint research 

OVERSEAS:

1. Facebook sells off Oculus Medium to Adobe

2. Streaming aggregator Reelgood raises $6.75 million for its universal streaming guide, led by Runa Capital

3. Used-car marketplace Vroom nabs $254M to take its growth up a gear

4. RaySecur, a mailroom security startup, raises $3M in seed funding

5. Singapore-based internet satellite firm Kacific secures $160m financing

Image Credits: TechCrunch