Chinaccelerator Daily Digest 2019/7/19

Overseas:

1. Intel announces deep, multi-year partnership with SAP

2. VMware acquires ML acceleration startup Bitfusion

3. EBay beats estimates as more shoppers flock to site, shares rise

4. FlixMobility raises $531 million for carpooling options on its AI-driven mobility platform

5. German Challenger Bank N26 Nets $170M In Series D Extension

6. Qualcomm hit with $271M EU fine over predatory pricing of baseband chips

7. Toys ‘R’ Us taps tech startup b8ta to bring its stores into the future

8. VComply raises $2.5 million seed round led by Accel to simplify risk and compliance management

9. InCountry raises $15M for its cloud-based private data storage-as-a-service solution

10. Haus, the real estate startup founded by Garrett Camp, raises $7.1M

11. Submittable raises $10M to help publishers and other organizations manage their submissions

China:

1. China’s public cloud market growth double global average in 2018, according to new IDC report

2. Mobility giants Didi 滴滴, Hellobike 哈啰出行 reportedly raise funding as competition looms

3. Kwai 快手, short video platform, experimenting with longer video format

4. Suzhou’s Alphamab Oncology 康宁杰瑞, biotech company, files for IPO in Hong Kong

5. Knowbox 作业盒子, app providing tools for teacher and students, completed US$150 million D founding round

6. Yuepu 悦普, social media marketing service provider, announcing completion of US$25 million strategic founding round

Cross-Border:

1. eBay acquires 5.5% stake in India’s Paytm Mall at $3b valuation

2. Enterprise Singapore expands innovation alliance network to Ho Chi Minh City

3. InCountry raises $15M for its cloud-based private data storage-as-a-service solution, to expand to Singapore, Berlin, and Abu Dhabi

4. NIU, Chinese electric scooter producer, pushing into US market

5. BMW to cooperate with Tencent 腾讯 on autonomous driving, establishing together a cloud computing center

6. Bytedance’s TikTok facing scrutiny of Indian Government, in particular on data storage

Emerging Market:

1. Colombian government agency to allocate US$24.6 million in seed capital for national founders

2. Finaxar joins hands with Indovina Bank, Cathay Financial to provide SME financing in Vietnam

3. Indonesia’s Astra launches JV with GOJEK to revive languishing car sales

4. Angel Ventures leads round for Alameda and Mubler merger, Latin America’s first digitized furniture and decoration platform

5. Indonesian health and wellness startup The FIT Company acquires three local startups

Image credits: TechNode