Chinaccelerator Daily Digest 2019/8/26

Overseas:

1. Experian Australia & New Zealand acquires Look Who’s Charging, bank statement transaction startup

2. Japan’s lunar exploration company ispace now aims for a lunar landing in 2021, and a Moon rover deployment in 2023

3. IDrive, online cloud storage and backup service provider, launches a face recognition application programming interface (API) for developers

4. Ping Identity, cloud-based identity management software, files to go public on NASDAQ

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China:

1. Shanghai’s Beixinjing residential district 北新泾 to launch AI powered personal health management services system for its elderly population

2. The world’s first 5G unmanned environmental protection robot was unveiled in Changsha

3. China’s application of Qr-Codes accounts for more than 90% of the worlds total usage

4. Bytedance launched a growth plan aimed at supporting content creators in particular by optimizing traffic support

5. Meituan Dianping’s 美团点评 total revenue grew by 50.6% YoY to 22.7 billion RMB in Q2 2019

6. MEGVII旷视 planning to raise up to US$1 billion in Hong Kong IPO

7. webuy.ai 鲸灵, social e-commerce platform focused on China’s 2nd to 5th tier cities, received US$ 100M in Series C

8. Carbuyin 小马立行, intelligent auto ecosystem service provider, completed 7-digit RMB B funding round

Cross-Border:

1. US-based AI solutions provider Pony.ai and Toyota partner to build self-driving cars and services

2. New Zealand’s Crimson Education, education management company, hits $245m valuation after raising $5m from South Korean VC firm Solborn

3. Amazon buys stake in India’s retail conglomerate Future Retail to embolden its distribution network in India

4. Cafe Bazaar, the Largest Android Marketplace in the Middle East Seeks Cooperation with Chinese Game Developers

5. East Japan Railway Company has opened a co-working space to help Japanese and Singaporean firms exchange technology

Emerging Market:

1. India exempts startups from long-standing ‘angel tax’ in attempt to boost overall economic growth

2. Indian Space Research Organization set to spur commercial space sector with new mini-rocket launcher 

3. Vientnam’s new social app Lotus aims to raise $51.6m, to take on Facebook

4. Indonesian UangTeman, online P2P lending platform, raises first tranche of US$ 10M Series B funding round

5. Indonesian vegetable hawker tech start-up raises $5.5m

6. Indonesian home supply startup Klikdaily said to have raised US$ 3M 

Image Credits: theancientbabylonians