Chinaccelerator Daily Digest 2019/8/2

Overseas:

1. VC firm Lux Capital just closed on a whopping $1 billion in capital, doubling the amount of money it manages

2. With a new $800M fund, healthcare and fintech-dedicated venture capital Oak HC/FT is staying true to its name

3. Food-delivery service DoorDash Acquires Square-Owned Caviar For $410M

4. Cloud-based software company Salesforce closes $15.7B Tableau deal

5. Amazon-backed food delivery startup Deliveroo acquires Edinburgh software studio Cultivate

6. E-commerce startup Wish raises Series H at $11.2B valuation after doubling revenue in 2018

7. Fuel50 raises $14 million to bolster employee engagement and retention

8. Software developer Armory raises $28 million to commercialize multi-cloud CD suite Spinnaker

9. Opsani raises $10 million to optimize cloud app runtime environments with AI

10. E-commerce firm Bloomscape raises $7.5M to sell you plants of all sizes

11. SafetyWing raises $3.5M seed to offer medical insurance to ‘digital nomads’

12. Tripalink, open co-living community, completed 7-digit US$ B funding round

China:

1. According to IDC Report, China’s public cloud service market accounted for US$2.46 billion in 2019 Q1, increasing 67.9% year-on-year

2. Chinatelecom 中国电信 to gradually cancel limitless-data packages, starting next month by no longer offering packages with speed-limit 

3. Bytedance launched new search engine on Toutiao 今日头条

4. ByteDance unveils group chat function in Douyin 抖音 to take on WeChat

5. Alibaba signed option deal for controlling stake in courier STO Express

6. Didi’s BP tie-up raises stakes in China’s EV charging market

7. NIO 蔚来汽车 is justifying reduction of number of employees as necessary for improving operational efficiency 

8. EAST WEST BEAUTY 东点西点, high-end beauty product retailer, finished 7-digit Pre-A funding round

Cross-Border:

1. Sequoia adds USD 200 million to its sixth India fund in a warming market

2. Singapore-listed CapitaLand Retail China Trust raises $203m in equity placement

3. Intel And Baidu To Collaborate In AI, Autonomous Driving and 5G

4. Chinese market drives strong Apple results despite trade tensions

Emerging Market:

1. Vietnam’s NextTech Group launches USD 10 million early-stage fund

2. Venture Catalysts, Indian incubator and accelerator, launches $43.4m fund to support early-stage startups

3. Swiggy, Indian Online food delivery startup, closes in on $750m fundraise

4. UrbanClap, India’s largest home services startup, raises $75M

Image Credits: Pingwest