Chinaccelerator Daily Digest 2019/7/24

Overseas:

1. US mobile bank MoneyLion raises $100 million at ‘near unicorn’ valuation

2. LinkedIn is moving to Microsoft’s Azure public cloud three years after $27 billion acquisition

3. CircleCI closes $56M Series D investment as market for continuous delivery expands

4. Analytics startup Heap raises $55M

5. Summarization AI startup Agolo attracts Microsoft and Google funding with AI-powered summarization tools

6. Berlin’s Visionaries Club outs two new €40M micro funds for seed and growth-stage B2B

7. TrustRadius, a customer-generated B2B software review platform, raises $12.5M

8. Mixhalo raises $10.7M to bring better sound quality to live events

9. Legaltech startup Genie AI scores £2M seed for its ‘intelligent’ contract editor

China:

1. China fast-tracks development of national digital currency in response to Libra

2. China releases new cloud computing rule requiring safety assessment

3. Alibaba 阿里巴巴 and Tencent 腾讯-backed ride-hailing app T3 Chuxing goes live in China

4. Iqiyi.com 爱奇艺, video platform, launching new Vlog life sharing platform, called 爱奇艺时刻

5. Ixigua.com 西瓜视频, one of Bytedance’s 字节跳动 short video platforms, starting ‘Ten-thousand monthly income plan’ supporting Vloggers

6. Qingsongchou 轻松筹, crowdfunding platform, announced having exceeded 600 million users and a total fund raising amount of 36 billion RMB

Cross-Border:

1. Alibaba 阿里巴巴 is opening up to U.S. merchants for the first time

2. Bytedance 字节跳动 acquiring Jukedeck, British Music AI Startup

Emerging Market:

1. Singapore Fintech Association (SFA) signs MOU with ASEAN’s Financial Innovation Network (AFIN) to promote fintech marketplace APIX

2. Indian fintech firm Zeta’s valuation climbs to $300M in its first external funding round

3. Indian SaaS unicorn Freshworks edges closer to a NASDAQ listing 

4. Facebook-like local social network Gapo launches in Vietnam

5. Vietnam fintech Trusting Social bags $25m in early-stage rounds from Sequoia, others

6. Indonesian e-commerce giant Tokopedia partners with P2P lender Modalku to provide loans to merchants

7. Singaporean Co-living firm Hmlet raises US$40m to boost growth in Asia

8. Russian Freelancing video platform Eristica, MOX Batch 2 Startup, partners with Singaporean Binance, fiat-to-crypto currency, to promote charity

9. Singapore fashion tech startup MadThread bags over $500k from AngelCentral

10. Cairo-based edtech startup Colnn raises $100k seed round

Image Credits: DealStreetAsia