Chinaccelerator Daily Digest 2019/12/13

CHINA:

1. 5G mobile phone prices expected to drop to 1,500 yuan next year, and sales will exceed 200 million units

2. Ping An’s One Connect raises US IPO target to $312 million: report

3. Alibaba’s Juhuasuan 聚划算 doles out massive subsidy to take on Pinduoduo 拼多多

4. China shipments for Apple’s iPhone fall 35% in November: report

5. Travel review platform Mafengwo 马蜂窝 rumored to lay off 40% of employees

6. Xpeng 小鹏 ties up with Nio on charging services in China’s slowing EV market

7. Mobile games PUBG Mobile and Game for Peace gross $1.5 billion in global revenue

8. Tencent invests more than 50 million yuan in B2B facilities sharing startup XiaoXiong 小熊U’s Series C round; post-investment valuation exceeds 2 billion yuan

9. Game asset trading platform ZBT 社区 raised 7-digit RMB of funding in Series A

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MOBILE-ONLY MARKETS:

1. Indian logistics startups rev up funding in 2019 to tap growing demand

2. Gojek-backer Provident Capital said to have raised $200m for second fund

3. Gojek to acquire point-of-sale software provider Moka

4. Grab Indonesia introduces its first electric vehicle fleet

5. Indian fintech firm Paytm secures $660m in new funding round

CROSS-BORDER:

1. Indonesia’s Telkom CVC and South Korea’s KB Investment launch Centauri Fund

OVERSEAS:

1. Former tryb principals set up early-stage, fintech-focused VC fund called 1982 Ventures

2. SaaS-focused Scaleworks spins out debt fund

3. Global on-premise and cloud software company Acronis acquires software firm 5nine to bolster cloud services

4. Google launches AutoML Natural Language with improved text classification and model training

5. AT&T launches consumer 5G in 10 cities, but expects only 5GE-like speeds

6. eBay relaunches Motors app with AI and automation at its core to help sellers offload their vehicles

7. LeanTaaS raises $40 million to optimize health clinic operations with AI

8. Warburg Pincus-backed logistics startup Ecom Express banks $36m

9. Game.tv raises $25 million to bring esports to Discord, Twitter, and Facebook using its AI-powered esports tournament platform

10. Atom Finance’s free Bloomberg Terminal rival raises $12M

11. Augury raises $8 million more to predict mechanical breakdowns with AI

12. Portify raises £7M Series A for its fintech app for ‘modern’ or gig economy workers

13. Sleek raises $5M to help companies incorporate and operate in Singapore and Hong Kong

14. Singapore automotive platform Motorist raising up to $2.9m to rev up regional expansion

15. Trading platform Robinhood lets you invest as little as 1 cent in any stock

16. Atlassian launches new serverless cloud development platform

Image Credits: krasia