Chinaccelerator Daily Digest 2019/8/1

Overseas:

1. PowerPlant Ventures Raises $165M Fund To Keep Betting On Plant-Based Nutrition

2. Investors bet another $50M on Clearbanc’s revenue share model

3. Verizon adds Washington, DC, Atlanta, Detroit and Indianapolis to list of 5G cities

4. The maker of popular selfie app Facetune just landed $135 million at a unicorn valuation

5. Spotify revenue beats on higher subscriber addition

6. Snapchat launches ‘instant’ tool for creating vertical ads

7. Israeli software company Lightricks, creator of several photo and video editing apps, raises $135 million at $1 billion valuation

8. Prodly announces $3.5M seed to automate low-code cloud deployments

9. Dgraph raises $11.5 million for scalable graph database solutions

10. HR Tech Startup TalentGuard Snags $4M To Help Companies Keep Employees Longer

11. Cognition IP raises $2.8 million for AI to help patent startups’ inventions

 

China:

1. Didi and Tencent to set up cybersecurity lab as government oversight intensifies

2. JD spins off group buying platform, JD Pingou, 京东拼购, as Pinduoduo competition intensifies 

3. NetEase Games is testing membership model, including exclusive content and discounts

4. Unisound 云知声, AI voice recognition enterprise, released new generation of robot operating system, as well as a Robot for children 

5. Bee+, co-working company, to receive over 100M RMB in B2 and B3 funding round, reaching a post-investment valuation of more than 1 billion RMB

 

Cross-Border:

1. Aspire raises $32.5M to help SMEs secure fast finance in Southeast Asia

2. Amazon buys Israeli storage technology startup E8 Storage

3. Tencent-backed iDreamSky and Russia’s Mail.ru to tie up for gaming growth in China

4. GOJEK-backed Rebel Foods, Indian cloud kitchen company, to build 100 Indonesian cloud kitchens

5. Startups BRCK and Swvl partner on free Wi-Fi for Kenyan ride-hail buses

 

Emerging Market:

1. Brazil’s Eurofarma forms $12M venture fund for early-stage startups improving healthcare through technology

2. Singapore wealth management startup Bambu secures $10m

3. Indian fintech startup Progcap, specialized in micro and small business lending, raises $5m funding led by Sequoia

4. Singapore-based IoT startup HOMI SmartHome nets US$1.3M seed funding

Image Credits: PYMNTS.com

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