Chinaccelerator Daily Digest 2019/7/17

Overseas:

1. France to approve first crypto-issuers as new rules loom

2. UK DeepTech VC IQ Capital launches new $125M growth fund, closes third VC fund at $175M

3. Artist fan-base management platform Patreon raises $60M Series D, targets international growth and more customization

4. B Capital Group, LifeForce Capital lead $40m funding in US-based Notable Labs, automated AI cancer treatment lab

5. Flybits nabs $35M to build consumer recommendation engines for the financial sector

6. Billie raises €30M for its B2B invoicing and payments platform

7. Raisin picks up $28M backing from Goldman Sachs for its savings and investment marketplace

8. Esports org 100 Thieves raises $35 million in Series B

9. Tech Recruiting And Media Company ‘Built In’ Raises $22 Million Series C Round

10. Finix Raises $17.5M To Shake Up Payments ‘In A Very Un-Stripelike Way’

11. Newsletter platform Substack raises $15.3M round led by a16z

China:

1. China suspends three reading platform, Midu Novel 米读小说, Tomato Novel 番茄小说, Jinjiangwenxuecheng晋江文学城, in new clean up wave

2. Alibaba 阿里巴巴 says it has developed AI to help detect heart disease

3. Alibaba’s sport.youku 优酷体育 and Suning’s sport.pptv PP体育, two sport streaming platforms, joining forces by creating joint venture

4. Kwai 快手 increasing 50% revenue target from original 10 billion RMB

5. CloudMinds, cloud robotics firm, to IPO in the US, seeking to raise US$500M 

6. 51qqt.cn 企企通, cloud application provider, announcing completion of 10M RMB B founding round

Cross-Border:

1. Singapore Business Federation (SBF) and Vietnam Chamber of Commerce and Industry (VCCI) form joint business council

2. SK Telecom and Swisscom launch 5G roaming service for South Korea and Switzerland

3. 5G RailNext wins grant to bring AR to South Korean and U.K. subways

4. Uber launches in Hamburg, now live in six German cities

5. The VOID, renowned movie VR project, to enter the Chinese market this year

6. South Korea’s Carelabs to expand to Singapore and Indonesia acquires online beauty and wellness concierge startup Eunogo

7. VinaCapital acquires Singapore-based robo-advisory investment platform Smartly

Emerging Market:

1. Google, Tata Trusts’ Internet Saathi programme, digital literacy program aimed at empowering women in rural India, now live in 260,000 villages

2. Payments giant Visa joins Gojek’s ongoing series F funding round

3. Singapore-based AI intelligence platform Near raises $100m in funding

4. India’s budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition

5. Courier marketplace EasyParcel receives US$10.6M funding from Gobi Ventures and AirAsia

6. Indian fintech firm MyMoneyMantra raises $15m from European funds

7. Abu Dhabi Capital Group pumps $10m into Indian online grocer Grofers

8. Online diamond marketplace Luxiee secures 6-figure seed funding

9. Business travel management startup Travelstop secures US$3M Pre-Series A funding led by Accel

10. Brazil fintech Nubank takes aim at small business owners

11. Argentine TopicFlower and Darwoft collaborate to merge social media and AI, helping brands amp up social media presence

Image credits: GMW.cn