Chinaccelerator Daily Digest 2019/8/13

Overseas:

1. Sequoia leads $40M investment in mobile messaging startup Attentive

2. Verizon sells Tumblr to WordPress owner six years after Yahoo bought it for $1.1 billion

3. U.K. on-demand food delivery startup Deliveroo is exiting the German market

4. AI-powered search venture Lucidworks nets $100M

5. Game creation system platform Roblox announces new game-creation tools and marketplace, $100M in 2019 developer revenue

6. Holographic display startup Light Field Lab raises $28 million series A

7. Polarity raises $8.1M for its AI software that constantly analyzes employee screens and highlights key info

8. New cryptocurrency derivatives exchange Blade raises $4.3M from Coinbase

 

China:

1. China’s social e-commerce market to reach 1.3 trillion yuan in 2019 and 2.86 trillion in 2021

2. Tencent Music 腾讯音乐 reported that its revenue accounted for 5.9 billion RMB in 2019 Q2

3. China’s Quora Zhihu 知乎 completed US$450M F funding round, led by Kwai 快手 and Baidu

4. State-owned China Eastern Airlines uses AI to improve customer experience

5. Guoquan 锅圈, focusing on the supply chain for kitchen food materials, closed 45M RMB in Series A

6. ClickPaaS, code development platform, raised 8-digit RMB A funding round 

 

Cross-Border:

1. Singaporean NUS Enterprise teams up with Indonesian talent platform Wonderlabs to develop ASEAN startups directories

2. 01VC 零一创投 raised US$100 Million USD for its new fund

3. Amazon launches Marketplace Appstore in India for sellers

4. Allianz RE commits $150m to Indian office development platform

5. India’s Reliance Jio inks deal with Microsoft to expand Office 365, Azure to more businesses; unveils broadband, blockchain and IoT platforms

6. Indonesia-based e-commerce enabler Jet Commerce expands into China and Philippines

7. South African Naspers leads US$125 million bet on Meesho, Indian social e-commerce platform

 

Emerging Market:

1. Fintech startup Rupeek raises $30m round led by Bertelsmann India

2. Bigo, Singaporean live-streaming company, to start selling Broadcasting as a service (BaaS) to any company wanting live-streaming on its app

3. Singaporean Temasek’s Heliconia to invest millions in local gaming chair company Secretlab

4. Singaporean Bike set to acquire Mobike’s Singapore license

 

Image Credits: Entrackr

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