Chinaccelerator Daily Digest 2019/7/23

Overseas:

1. Apple reportedly in talks to acquire Intel’s modem business for $1B+

2. Microsoft commits $1 Billion to open partnership to build its AI systems on Azure

3. Consumer credit reporting agency Equifax to pay up to $700 million in US data breach settlement

4. UK challenger bank Atom raises another £50M from BBVA and more at £530M valuation

5. Mobile-First Trading Platform Robinhood Raises $323 Million In Series E Financing

6. Real estate startup Homeward secures $25M in debt & equity to help people buy homes faster

7. Etsy acquires musical instrument marketplace Reverb for $275 million

8. Digital freight platform Sennder raises $70 million amid road freight tech boom

9. Onward raises $1.5 million to offer round-trip rides to older adults needing assistance

 

China:

1. New Star Market, China counterpart to NASDAQ, increasing on first day on average 140%, creating three billionaires

2. Xiaomi becomes youngest company on Fortune Global 500 list

3. AlipayHK, Hong Kong Dollar denominated eWallet, granted license to expand coverage throughout mainland China

4. Tmall.com 天猫 announcing that during the last 3 years it has attracted 100.000 KOL’s & celebrities

5. Inspur Cloud 浪潮, cloud computing firm,  raises $87 million

6. Dzuanm.com 点钻猫, advertising platform, to receive 7-digit RMB angel investment

 

Cross-Border:

1. Tencent partners Nintendo-backed Pokemon to jointly develop games

2. China’s coffee upstart Luckin pushes into India and Middle East

3. Singaporean Trax, image recognition technology firm,  closes USD 100 million Series D round, looking to cement foothold in China

 

Emerging Market:

1. Venture firm Cocoon Capital raises $30m for 2nd tech start-up fund

2. Go-Jek rebrands, unveils new logo as it enters next phase of growth

3. Southeast Asia’s leading video streaming service Iflix bags more than $50m in funding ahead of potential IPO

4. Visa invests in India-based B2B payments platform PayMate’s $25M round

5. Bangkok-based aCommerce, e-commerce solution, raises US$10M funding

6. Kalaari, Hike lead $5m funding in Indian e-sports platform WinZO

7. Chilean SaaS Rocketbot raises US$500,000, plans to land in Mexico this year

8. Bitso becomes first Latin American fintech with international cryptocurrency license

 

Image Credits: Dexerto

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