Chinaccelerator Daily Digest 2019/8/27

Overseas:

1. Presight Capital raises US$80M fund to connect US startups with Europe

2. Weill Family Foundation announces A.I. partnership with US Department of Energy focused on biomedical research 

3. E-commerce solutions firm Pitney Bowes to sell software solutions unit to Syncsort for US$700 million

4. Sustainable bedding startup Boll & Branch raises $100M

5. US-based style recommendation startup Stylitics raises $15M

6. Satellite internet startup Astranis books first commercial launch on SpaceX Falcon 9

7. Bell’s innovative VTOL cargo craft takes its first successful autonomous flight

8. Japanese molecular diagnostics firm Atonarp raises $33m in Series C round

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China:

1. Baidu signed cooperation agreement with Chongqing Municipality to jointly work in fields such as autonomous driving, smart city, intelligent government and Blockchain

2. Baidu passes Google to become No. 2 smart speaker company with 4.3M units shipped

3. Tencent and Changan Automobile 长安汽车 to jointly launch new in-car Wechat version based on voice interaction

4. Taobao to use 500M RMB over the next 3 years to create 淘宝神人-Ecosystem, constituted by main influencers

5. Meitu 美图 and Xiaomi to jointly launch new production line for Meitu mobile phone next year

6. Hexiaoxiang 河小象, an online Chinese language learning platform for children, raises US$28 M

7. pulshion 衣脉, optimized supply chain and operation management service for offline shops, completed 6-digit US$ Pre-A funding round

8. Today yoga今日瑜伽, online yoga practice platform, received 6-digit RMB angel investment 

Cross-Border:

1. Singaporean blockchain startup Terra gets funding from Hong Kong-based HashKey Capital, to expand alliance in Asia

2. TikTok partners with Indian Institute of Mass Communication (IIMC) to promote online safety

3. US-based VC firm Lightspeed Venture backs US$26m Series B in Israel healthcare startup MDClone

Emerging Market:

1. Thailand plans to introduce new e-commerce value-added tax next year

2. Indian conglomerate Reliance to launch e-commerce venture in escalating rivalry with Amazon

3. Indian fintech startup CRED, allowing users to manage multiple credit cards, closes $120m funding 

4. India’s BharatPe raises US$50M to help merchants accept digital payments and secure working capital

5. India’s FreshToHome raises US$20M to grow its fish, meat, vegetable, and milk e-commerce platform

Image Credits: eksposis