Chinaccelerator Daily Digest 2019/7/12

Overseas:

1. VC firm Otium Venture creates new management company, called Frst, and raises new fund

2. Runa Capital closes $70M for its third fund aimed at early-stage ‘deep tech’

3. Signavio raises $177 million for business process modeling tools

4. OneTrust raises $200M at a $1.3B valuation to help organizations navigate online privacy rules

5. Online hospitality business Sonder confirms new investment, $1B+ valuation

6. NewsCred raises $20 million to build out its enterprise content marketing platform

7. Rokit launches $50 million indie game development fund

8. Swit, a collaboration suite that offers ‘freedom from integrations,’ raises $6 million in seed funding

9. SEC approves 1st consumer RegA+ token Props for cross-app rewards

China:

1. The China Internet Report published by South China Morning Post reveals how Chinese tech firms have gone from copycats to trailblazers 

2. Young.chinaso.com 花漾搜索, a search engine for teens designed to filter out inappropriate content, is launched by Xinhua News Agency 新华社

3. Tencent’s Wechat 微信 to add a ‘driving insurance for highways’ function to its mobile payment service

4. BAT becomes JAT on Fortune China 500 as JD.com 京东 improves and Baidu 百度 fails to keep up

5. Baidu reporting that during the first half of 2019 it removed 31.25 billion harmful posts using AI 

6. Ctrip 携程 launches in-app ride-hailing service for Chinese tourists in over 785 cities across 47 countries in Southeast Asia, the US and Europe, integrating overseas mainstream platforms such as Grab

6. Didi 滴滴 launching a ‘return lost items’ function 

7. Xiaohongshu battles to regain user trust amid KOL purge

8. Shouqi 首汽, ride-hailing service firm, forecasts to turn a profit by years end, which would make it the first company to break even in the industry

Cross-Border:

1. German digital banking startup N26 makes U.S. foray

2. Japan’s Daiwa readies fund to invest in Myanmar startups

3. Indonesia’s GOJEK set to spruce up financial services, food delivery in Thailand

Emerging Market:

1. India’s Rivigo raises $65M to expand its freight and logistics platform

2. Tiger Global, Sequoia lead $60m funding in industrial B2B startup Moglix

3. Comsats University Islamabad (CUI) launches Rs. 1 billion project to provide students artificial intelligence education

4. Singapore’s medical diagnostics startup One BioMed raises US$5M Series A

5. Gurugram-based SaaS startup O4S raises $2.1m from Venture Highway

6. Mexico’s premier mortgage lender, Smart Lending, scores funding from DILA Capital

Image credits: South China Morning Post