Chinaccelerator Daily Digest 2019/8/20

Overseas:

1. Venture firm Uncork Capital cracks open two new funds

2. Sony to buy ‘Spider-Man’ developer Insomniac Games

3. Microsoft, Nvidia team up for more realistic visuals on Minecraft game

4. European growth equity firm HPE Growth backs WeTransfer, file-sharing service company, in €35M secondary funding round

5. Car insurance startup Root Insurance raises $350M in Series D

6. Digital mortgage startup Better.com raises $160M in Series C at $600M+ valuation

7. Simon Data hauls in $30M Series C to continue building customer data platform

8. Ally raises $8M Series A for its OKR solution

9. LA-based Brainbase raises $3 million for its intellectual property licensing management tech

10. Men’s personal care startup Huron raises $1M

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China:

1. China’s 10 biggest apps’ traffic value accounted for more than 50% of all apps

2. Xiaomi 小米, OPPO and VIVO to partner for cross-brand data transmission

3. Baidu beats revenue estimates on strong video streaming growth

4. Bytedance 字节跳动 is developing new e-commerce App

5. Cloudwalk 云从科技, AI technology and human-machine collaboration platform, to IPO next year on China’s STAR Market with a planned valuation of 20 billion RMB 

6. Ecommerce platform imdada.cn 达达-京东到家 plans to go IPO next year on NASDAQ

7. Delightful Technology 等趣, a social service platfom, completed 6-digit RMB angel investment funding round

Cross-Border:

Emerging Market:

1. Vietnamese EdTech firm Everest Education banks $4m in series B round

2. Indonesian wellness startup RIDE gets US$1.25M Pre-Series A funding, rebrands into R Fitness

Image Credits: theverge.com