Chinaccelerator Daily Digest 2019/12/31

CHINA:

1. ACM Research Shanghai Eyes 50% Sales Boost by 2026 With New Chip Cleaning Plant

2. Chinese Drone Maker Plans to Sell 200 Military UAVs a Year Thanks to New Factory

3. Huawei expects revenue to reach $122 billion in 2019

4. Baidu tops Microsoft and Google in teaching AI to understand human language, thanks to differences between Chinese and English

5. Baidu Gets First Set of Licenses to Test Driverless Cars in Beijing

6. Tencent, Huawei launch new enterprise products, Tencent Meeting and WeLink, in same week as Chinese tech firms battle for corporate clients

7. Meituan Dianping doubles down on cloud business

8. Bytedance responds to Baidu’s accusations of manipulating search results

9. Bytedance snags former Tencent Music executive

10. China-based NIO’s shares skyrocket as the Tesla rival beats investor expectations

11. NIO Capital raised the first USD fund of over 200 million USD

12. Tesla Shanghai reportedly making 1,000 cars per week

13. Tesla delivers first China-made Model 3 sedans in just under a year

14. NIO original lifestyle design brand NIO Life opened the store on JD.com

15. Computer graphics and vision technology developer Grit World 粒界科技 raised Series A+ of 7-digit RMB

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MOBILE-ONLY MARKETS:

1. Israeli M&A value slips 6% in 2019 to $20.4 billion – report

2. Indonesia’s tech scene saw $2.9b in investments, new unicorn in 2019

3.  Indian startups bagged $14.5b in funding in 2019, report finds

4. Singapore-based venture capital firm EV Growth closes $250m fund with Temasek’s backing

5. British digital bank Monzo closes in on new fundraising round

CROSS-BORDER:

1. Brazil fines Facebook $1.6 million for improper sharing of user data

2. China’s Huawei gets India nod to participate in 5G trials

OVERSEAS:

1. Netflix says its original shows were the most popular new material on its service in 2019

2. VMware, a global leader in cloud infrastructure & digital workspace technology, completes $2.7 billion Pivotal acquisition

3. Satellite industry giant Maxar is selling space robotics company MDA for around $765 million

4. South Korea’s ATU Partners launches e-sports-focussed growth fund

Image Credits: Zhihu