Chinaccelerator Daily Digest 2019/7/1

Overseas:

1. Nielsen reports a record half a trillion on-demand music streams in U.S. in the first half of 2019

2. Enterprise SaaS revenue hits $100B run rate in Q1 2019, led by Microsoft and Salesforce

3. IBM Announce Fresh Watson AI Tech Powering Wimbledon 2019 Tennis Championships

4. UK fintech Jaja pays $671M in cash to acquire the Bank of Ireland’s UK credit card business

5. Fuzzy Pet Health Raises $8M For Pet Telemedicine

6. UK Government Invests $28m In AI, IoT And High-Tech Farming Projects

7. Face-Reading AI Facesoft Will Tell Police When Suspects Are Hiding Truth

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China:

1. China to nearly double coverage of world’s largest LTE-V2X (vehicle-to-everything) city network in Wuxi

2. Chinese AI surveillance company Megvii teams with Austrian sensor maker Ams AG on commercial facial recognition

3. Didi reportedly holds fleet JV talks with Nissan and Dongfeng 东风

4. Microsoft-backed AI firm Laiye 来也 bags $35m in Cathay Innovation-led Series B+

5. Qibot 企保科技 raised tens of millions of dollars from Series A round, using AI robots to improve the insurance industry

Cross-Border:

1. Apple moves its Mac Pro production from the US to China

2. Toyota to invest $2b to develop electric vehicles in Indonesia

Emerging Market:

1. 5G to contribute $900B to Asian economy in next 15 years: GSMA report

2. Singapore to allow virtual banks as part of move to open up market, issuing up to five digital bank licenses

3. PE firm Jupiter Impact Partners said to seek $300m for debut fund in Asia

4. Facebook Is Daily News Source for 21% of Adults in Philippines

5. Tech-driven insurance startup Singapore Life banks $90m from Sumitomo Life

6. India’s Bounce Zips Up Another $72 Million To Continue Scaling Scooter Culture

Image credits: EqualOcean