Chinaccelerator Daily Digest 2019/7/18

Overseas:

1. Fifth Wall Ventures Raises $503M To Invest In Real Estate Tech

2. Microsoft wins multibillion-dollar cloud deal from AT&T

3. Philips acquires Boston start-up Medumo to help hospitals communicate with patients

4. Peer-to-peer car-sharing marketplace Turo raises $250M at over $1B valuation from IAC

5. Contract management startup Icertis becomes unicorn with $115M new round

6. ContractPodAi scores $55M for its ‘AI-powered’ contract management software

7. AlphaSense, a search engine for analysis and business intel, raises $50M led by Innovation Endeavors

8. Ascend exits stealth with $19 million to create automated, intelligent dataflows

9. Horizon Blockchain Games raises $3.75 million and debuts SkyWeaver online trading card game

 

China:

1. China Communications Construction Company 中国交通建设, state-owned infrastructure company, creating a 1.01 billion RMB technology innovation and entrepreneurship fund

2. WeChat 微信 rolls out unique QR codes for business customer products

3. Ant Financial 蚂蚁金服 in negotiation to provide a US$2 billion loan to a bank

4. After Alibaba 阿里巴巴 and Pinduoduo 拼多多, Xiaomi 小米 plans to sell cars

5. Honor 荣耀 to launch its first smart screen, equipped with Huawei’s HongmengOS 鸿蒙OS operating system

6. Beike Zhaofang 贝壳找房, real estate service platform, raising more than US$1.2 billion in D founding round, exceeding US$10 billion in valuation

7. 旷视MEGVII, an AI start-up, releasing ‘AI application guidelines’, focused on ensuring in particular its safety, fairness, reliability and accountability

 

Cross-Border:

1. Google closes its Chinese search engine project

2. Netflix to roll out cheaper mobile-only plan in India

3. US-based Ebix to acquire Indian travel company Yatra for $337.8M

4. US-based cloud provider 8×8 acquires Singapore cloud platform Wavecell in $125m deal

 

Emerging Market:

1. Myanmar investment inflows double from China as deals surge

2. Singaporean digitised cross-border trade platform dltledgers raises Pre-Series A funding

3. Syfe raises US$3.8M funding to launch digital wealth management services in Singapore

 

Image credits: Tech Chums

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