Chinaccelerator Daily Digest 2019/8/23

Overseas:

1. VMware buys cybersecurity firm Carbon Black and software company Pivotal, valued together at $4.8 billion

2. Salesforce revenue forecast beats estimates, shares rise 7%

3. Verizon is teaming with Boingo to bring 5G inside

4. Crimson Education, a platform to help students get into top universities, nabs $5M at a $245M valuation

5. On-demand parking startup SpotHero raises $50 million

6. Drop raises $44 million series B to reward loyal shoppers with gift cards

7. Zenoti raises $20 million to manage salon and spa bookings

8. Remediant raises $15 million to help companies manage privileged access

9. Workplace digital assistant startup Capacity raises $13.2M from Midwestern VCs

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China:

1. IKEA announced to invest 10billion RMB in China for digitalization and commercial operation

2. Pinduoduo plans to establish its own logistics data network to speed up deliveries, rivalling Alibaba’s Cainiao

3. MediaTek to step up investment in R&D, bet on 5G as more mainland China firms make their own chips

4. E-commerce player JD.com allows users to tailor-make clothes, pushing boundaries of mass customization

5. 51chong.com 爱宠医生, pet medical service provider, closed 130million RMB

6. Chinaccelerator Batch 14 online coffee marketplace Coffee Exchange closed seed round of 510K USD, led by SOSV and Artesian Capital

Emerging Market:

1. Malaysia OKs motorbike-hailing services, paving way for Gojek

2. Singaporean gaming VC firm Play Ventures closes first fund at $40m

3. Foodtech startup Ai Palette gets US$1M seed funding from Decacorn Capital

Image Credits: helloteacher