Chinaccelerator Daily Digest 2019/7/9

Overseas:

1. Investment tech platform Jacobi raises $7.7m from Silicon Valley VCs

2. Lance Armstrong’s Next Ventures LP has raised $24.5 million of a planned $75 million fund

3. Uber rival Bolt has closed another tranche of funding at a $1B+ valuation

4. U.K. fintech Soldo scores $61M Series B for its ‘spend management’ platform for businesses

5. 15Five raises $30.7M to expand its employee development toolkit

6. Manchester-based startup DigitalBridge raises £3M for its ‘guided design tool’ for kitchens and bathrooms

 

China:

1. China’s Central Bank accelerating its efforts to introduce a government-backed digital currency

2. Tencent 腾讯 to win bigger share of gaming revenue from Android App Stores, after successfully negotiating a reduction of commission

3. Bytedance 字节跳动 to launch an English learning App, called 汤圆英语 TangyuanEnglish, mainly using Videos and combining AI and human teachers

5. Xianghubao 相互宝, Ant Fincancial’s mutual insurance platform, adds 25 million users in less than three months

6. Perfect World 完美世界, gaming and movie enterprise, announced a prospected net profit between 960M – 100M RMB, a year-on-year increase of more than 20%

7. Hi-Tech logistics company Che Man Man 车满满 completed 70M RMB strategic financing round

8. 灰斑马MCN (direct translation: Grey Zebra), one of Douyin’s 抖音 e-commerce service provider, to receive 20M RMB A funding round

 

Cross-Border:

1. Singapore-based private equity firm Elite Partners Capital invests US$2.2M into Norwegian cold chain tech company

2. Huawei outlines investment plans in Poland depending on 5G role

3. Cambodia’s Smart Axiata tests 5G network with China’s Huawei

4. U.S.-based InDriver launches ride-hail app in fourth African country, Uganda

5. India’s Headfone, social audio platform, to receive investment by Fosun RZ Capital 复星锐正资本

 

Emerging Market:

1. Indonesia-based Go-Jek’s VC arm invests US$5M in India’s cloud kitchen startup Rebel Foods

2.  Go-JeK makes Go-Pay rival LinkAja alternative e-payment option in strategic partnership

3. Sequoia-backed independent investment research and analysis provider Smartkarma receives investment from Singapore Exchange

4. Indonesian trucking and freight marketplace Trukita to receive investment by Astra International, a car-to-banking conglomerate, and EverHaus

5. India’s Zomato may start Swiggy-like homemade food delivery services

 

Image credits: MyBroadBand

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