Chinaccelerator Daily Digest 2019/7/5

Overseas:

1. EU opens road to 5G connected cars in boost to BMW, Qualcomm

2. E.Ventures isn’t the only VC raising money to invest in Europe, so just did Beechbrook Capital

3. Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak

4. Sony to create an investment fund with total amount of 10 billion Yen focused in particular on robotics, AI and fintech. 

5. The cassette player goes Bluetooth for Sony’s first Walkman’s anniversary

6. MoviePass temporarily suspends service to improve its mobile app

7. Swedish personal finance app ‘neobank’ P.F.C. picks up €5M backing from Nordic banking giant Nordea

8. France delivery company Cubyn raises $13.5M to help online retailers

9. Naspers-backed Dott to launch e-bikes after new 3O million euros fundraising

 

China:

1. China´s outbound M&A declining amidst growing trade tensions

2. Sina Finance 新浪财经, news app, to launch new cryptocurrency feature

3. UnionPay 银联, operating under the People´s Bank of China, looking to challenge Alipay and WeChat in mobile payments

4. Tencent’s  animation video channel 腾讯视频动漫频道 recorded  more than  150 million monthly active users

5. Tencent’s Honor of King 王者荣耀 becomes most profitable mobile game globally in the first half of 2019

6. Ucommune 优客工场, WeWork China’s competitor, to prepare for IPO scheduled for 2020 in the US.

7. JD 京东 launches services for entreprises seeking help with trash

8. Rich AI 睿企科技, AI tech company, to finalize US$10M  angel investment round

9. Zhan-wan 展湾科技, industrial AI applications provider, to receive a 7-digit RMB A funding round

 

Cross-Border:

1. Uber looks to recruit Japan’s elderly for food delivery

2. PropertyGuru searching to acquire mortgage-related fintech,  data and software solutions company

3. India´s Ola to take on Uber in London after bagging taxi licence

4. Tencent 腾讯 to cooperate with India’s Paym to invest around US$100M in local video and audio streaming service provider MX Player 

 

Emerging Market:

1. Indonesian digital payment startup Kredivo secures financing from Telkomsel’s VC arm, MDI Ventures2

2. Digital disruption at Innovfest Unbound 2019 with 30 Taiwan startups

3. Thai virtual queuing startup QueQ raises US$2.8M launches in Malaysia

4. Naspers unit PayU forays into South-east Asia by acquiring Singapore startup Red Dot Payment

Image credits: CFP

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