Chinaccelerator Daily Digest 2019/12/12

CHINA:

1. “Blockchain technology must align with the Belt and Road Initiative”: Chinese government official

2. China accounts for 66% of the world’s bitcoin processing power: research

3. China shows off its newest satellite’s high-resolution 3D imagery

4. Shenzhen boasts the most growth champions in SCMP-Statista’s survey of the 80 fastest-growing companies in Greater Bay Area

5. WeChat Search upgraded to compete with Baidu

6. Tencent is incubating community-based content and e-commerce marketplace on WeChat

7. Chinese co-working startup Ucommune 优客工场 files for $100m IPO

8. HK fintech unicorn WeLab secures $156m in Series C round

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MOBILE-ONLY MARKETS:

1. MDI Ventures, KB Investment launch $150m fund for Southeast Asia startups

2. India’s 3one4 Capital raises $62.5m across 2 new funds

3. Gojek nears $120m deal to acquire Jakarta-based mobile PoS startup Moka

4. Vietnam’s Topica Edtech Group invests USD 3.5 million to develop Kidtopi, its own English tutoring platform for children

5. Tiger Global leads $26m funding in invoice discounting startup KredX

6. Thai insurtech startup Sunday nets $11m from Quona Capital, Vertex

CROSS-BORDER:

1. Huawei nabs German 5G network contract, regulator approval pending

2. Software development hosting service GitHub to expand into the Chinese market

3. Voodoo acquires mobile game studio Gumbug in London as it exploits hypercasual growth

4. Scope AR, maker of enterprise augmented reality products, acquires augmented reality tool maker WakingApp based in Tel Aviv

5. Walmart, Flipkart invest in fresh produce supply chain startup Ninjacart

OVERSEAS:

1. ‘Accelerator VC’ SOSV raises 277 million in oversubscribed Fourth Fund to invest in early-stage deep tech startups

2. Temasek’s Vertex closes $730m master fund to provide anchor funding and operational support to its network of VC funds

3. New VC firm Piva closes $250M Fund focused on energy industry

4. Operator Collective raises its first fund of $45 million from 100+ operators 

5. Google taps AI to improve news results in Search

6. Wefox, the Berlin-based insurtech, raises $110M Series B extension at a $1.65B pre-money valuation

7. Payment company PhonePe raises USD 88 million from its parent Flipkart

8. PrecisionHawk, provider of drone analytics and logistics software, raises $32 million

9. Ordr raises $27.5 million to protect against network-level cybersecurity threats in real time

10. Korean co-working startup Sparkplus raises $25.2m in series B round

11. Outsight raises $20 million to develop 3D cameras for smart cities and cars

12. WhyHotel raises $20 million to bring pop-up hotel rooms to cities across the U.S.

13. LeanDNA, startup developing AI factory inventory and delivery management software, raises $15 million

14. French startup Yubo raises $12.3 million for its social app for teens

15. Sproutt raises $12 million to find your best life insurance policy with AI

16. Tines raises $11 million to automate repetitive cybersecurity tasks

17. Childcare benefits startup Kinside launches with $4 million from investors including Initialized Capital

18. Arthur announces $3.3M seed to monitor machine learning model performance

Image Credits: SOSV