Chinaccelerator Daily Digest 2019/12/11

CHINA:

1. China’s version of the GPS, Beidou 北斗, to be completed by 2020

2. Kuaishou launches curated short video app for minors

3. Over 100 million users watch live streaming shows on Kuaishou every day, says the firm

4. Network security company Mo An 默安科技 raised nearly 200 million yuan in round led by Oriental Fortune and Amber Capital

5. Chinese private space launch developer LandSpace 蓝箭 nets $71m in Series C round

6. Chinese drone maker Ehang 亿航 targets $46.4m in IPO

7. AI education startup Tan Xin 贪心科技 raised 7-digit funding in Pre-A round

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MOBILE-ONLY MARKETS:

1. India proposes new rules that requires companies to garner consent before collecting personal data

2. Carsome raises $50M for its used-car sales platform in Southeast Asia

3. Observe.ai raises $26 million for AI that monitors and coaches call center agents

4. Jiji raises $21M for its Africa online classifieds business

5. Vietnamese P2P lender Interloan bags $500k from Phoenix Holdings

6. Ex-Lazada co-founders’ startup Intrepid Group raises Series A round, aims to help brands’ maximise e-commerce presence

7. Ezay, a Yangon-based e-commerce platform for rural retails outlets, secures investment from EME Myanmar

8. Qiscus, a profitable, fast-growing Indonesian startup is helping developers integrate chat and messaging features on apps

CROSS-BORDER:

1. TikTok chief to meet US lawmakers over data privacy, censorship issues

2. Xiaomi officially enters Japanese market with Mi Note 10

3. Bytedance testing music streaming app in India and Indonesia

4. UK’s CDC invests $36m in Indian logistics startup Ecom Express

5. General Atlantic and GGV Capital said to invest in Indian edu-tech startup Unacademy

OVERSEAS:

1. Health chatbots are proliferating, and VCs love them

2. Ada Ventures launches with a $34M fund aimed at super-charging diverse global founders

3. DeepMind’s Dreamer AI learns from the past to predict the future

4. Photo-sharing app VSCO acquires video editing startup Rylo

5. Lending marketplace ProducePay nabs $190 million debt financing to lend to farmers

6. Passport, mobility management platform, raises $65 million

7. Iterable raises $60 million to optimize omnichannel campaigns with AI

8. FintechOS raises $14M to help banks launch products as fast as FinTech Startups

9. Soci raises $12M to help big brands manage local marketing

10. Current Health raises $11.5 million for AI-powered remote health monitoring

11. Baby food delivery startup Yumi spoon fed another $8M in strategic funding

12. Gosu.ai’s raises $2.8 million for AI-based coaching for gamers in League of Legends

Image Credits: Dealstreetasia