Chinaccelerator Daily Digest 2019/7/10

Overseas:

1. IBM closes its $34 billion acquisition of Red Hat, IBM’s largest deal to date

2. Cisco to acquire Acacia Communications in a $2.6 billion deal

3. Amazon and Google broker peace, offering the other’s video streaming services on own hardware

4. Google acquires enterprise cloud storage provider Elastifile

5. Unmortgage, the ‘part own, part rental’ housing startup, has secured a £500M fund partnership with AllianzGI

6. Uber Comfort option launches in US – offers Quiet Rides, newer cars, climate control, and more

7. Menlo Security raises $75 million for malware-blocking tools

8. Signpost raises $52 million to boost cloud marketing platform for local business profiles

9. Glitch is bringing remix culture back to the web with a $30 million Series A round

10. Staffbase, the mobile-first employee communication and ‘experience’ platform, raises $23M Series C

11. Lightico raises $14.5 million to help businesses complete transactions over the phone

12. Digital Shadows raises $10 million for its business risk intelligence platform

13. Clara, Which Helps Provide Legal Assistance For Startups, Launches With $2M In Seed Funding

China:

1. Chinese cities to experiment with new approach to land sales, so as to keep home prices in check

2. Alibaba 阿里巴巴 to launch a membership system for its e-commerce platforms

3. Bytedance 字节跳动 reported a total of 700M daily active users on all its product, of which Douyin 抖音 is accounting for 320M DAU

4. Didi raises fares in Beijing in a bid to ease driver shortages

5. bosszhipin.com Boss直聘, a recruiting platform, to prepare for IPO

6. Maoyan 猫眼娱乐, entertainment service provider, to join forces with Tencent 腾讯 creating an alliance

7. Iflytek 科大讯飞, intelligent voice technology company, incorporated a ‘waste sorting consulting’ function into its AI operating system, iFLYOS

Cross-Border:

1. Spotify just launched a smaller, faster version of its app for emerging markets in 36 countries

2. Pinterest opens Singapore office as picture-sharing website eyes Asia-Pacific growth

3. LSE-listed Symphony acquires stake in Vietnam’s Indo Trans Logistics for $42.6m

4. Singapore’s AI startup Taiger seals US$25M to expand to Korea, Japan, Latin America

5. GO-JEK Snags Investment From Thailand’s Largest Lender, Siam Commercial Bank

6. Mobile marketing company AppLovin acquires Israeli SafeDK to ensure GDPR compliance and brand safety

Emerging Market:

1.  Asenso raises US$1.2M to help MSMEs get access to capital, technology in Southeast Asia

2. Fintech startup NiYO raises $35m from Horizons Ventures, Tencent, others

3. Former Bitmain CEO launches Singaporean cryptocurrency financial services startup, Matrixport

4. Online grocery delivery platform Milkbasket acquires Bengaluru’s e-grocery store PSR Supply Chain. increasing reach across India

5. IDN Media-owned cooking video producer Yummy launches cooking app targeted at millennials learning to cook

Image credits: MIT Tech Review