Chinaccelerator Daily Digest 2019/7/3

Overseas:

1. Seed-stage venture firm Susa has closed on $90M fund and raises $50M follow-on fund

2. Waymo is now allowed to transport passengers in its self-driving vehicles on California roads

3. Tesla delivers record number of electric cars in quarter, shares up 7%

4. Kabbage secures $200M to fuel its AI-based loans platform for small businesses

5. Symantec shares soar on report that Broadcom is in talks to acquire the security software maker

6. KKR has acquired graphics software provider Corel (including its recent acquisition Parallels), reportedly for $1B+

7. Uber Eats invades restaurants with Dine-In option

8. Kyash, a payment app and would-be challenger bank in Japan, raises $14M

9. Software development analytics platform Sourced launches an enterprise edition

10. File-storage app 4shared caught serving invisible ads and making purchases without consent

 

China:

1. China opens economy faster over fears of slower foreign investment 

2. China to account for 34% of 5G smartphone shipments in 2023 as predicted by Canalys

3. Xiaomi 小米 launches new CC Series to cater to younger audience

4. DiDi 滴滴 announced 2 billion RMB investment into the building of a safety system

5. Douyu 斗鱼, a gaming company, records in the first quarter a net revenue of 1.489 billion RMB, a year-on-year increase of 123%, yet the time of it´s IPO remains uncertain

6. Sinyi-AI 森亿智能 to finalize an 250 million RMB C investment round led by Tencent 腾讯 and Sinopharm Capital 国药资本

7. Goshare 只二, a second-hand platform, to complete tens of millions of dollar B financing round

 

Cross-Border:

1. U.S. government staff told to treat Chinese telecom firm Huawei as blacklisted

2. Tencent, Paytm Plan to Invest $100 Million in Indian Stream Service MX Player

3. SoftBank-backed OYO to invest $50m in expanding Vietnam footprint

 

Emerging Market:

1. Pakistan government allocates Rs. 338 million for ‘High Impact Skills Boot Camp’ to train IT professionals

2. Lightspeed leads $8m round in Indian B2B logistics startup Freight Tiger

3. Lok Capital, IIFL AMC lead $19m funding in insurance startup RenewBuy

4. Indian AI health-tech startup mfine raises $4.5m from Alteria Capital

5. Online designer toys and collectible platform Mighty Jaxx secures US$1.6M financing

 

Image credits: Yicai Global

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