Chinaccelerator Daily Digest 2019/7/22

Overseas:

1. Sierra Ventures Closes $215 Million For Oversubscribed Twelfth Fund

2. WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

3. Lexion raises $4.2M to bring AI to contract management

4. Cloud software company Medallia soars more than 75% in market debut as investors flock to another cloud software IPO

5. Collaboration app Notion Labs hits $800 million valuation in new funding

6. DeepMind’s AI learns to generate realistic videos by watching YouTube clips

 

China:

1. China opens up finance sector to more foreign investment

2. Most companies surge on first day of trade on China’s Nasdaq-style venue, SSE Star Index 50 科创板

3. China court recognizes Bitcoin as virtual property

4. Kaishustory 凯叔讲故事, educational content app for children, receiving US$50M C founding round

5. Jiangxinggai 江行智能, edge computing technology and service provider, announcing the completion of 30M RMB A round funding

6. 4Kmiles 深圳四千里数据科技有限公司, Chinese cross-border e-commerce service provider, to receive 6-digit angel investment

 

Cross-Border:

1. Eurasian powers seek African influence via development summits

2. Bytedance to set up data centres in India, in line with government efforts towards data localisation

3. SoftBank Group raises $270 million via Seoul unit for early stage startup investments

4. Los Angeles fund Fifth Wall says it will channel some capital from its new property fund into Asian start-ups

5. After Baidu tie-up, BMW taps Tencent for autonomous driving in China

6. Japan’s Mitsui invests $14m in Indian electric mobility service firm SmartE

 

Emerging Market:

1. India’s Oyo valued at $10B after founder purchases $2B in shares

2. B2B packaging marketplace Bizongo set to raise $15m from B Capital, IFC, others 

3. SG startup files complaint against Deliveroo, Grab for anti-competitive behaviour

4. soCash raises US$6M Series B to convert retail shops into virtual ATMs

5. VertoFX raises $2M for its African and EM currency trading platform

6. On-demand work platform GoGet bags $24k in fintech challenge

 

Image Credits: ShanghaiEye

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