Chinaccelerator Daily Digest 2019/8/28

Overseas:

1. US-based Algo Capital raises US$200m for new blockchain-focused VC fund

2. Israel’s F2 Capital, pre-seed technology accelerator, is raising US$75M to invest in homegrown startups

3. WeWork acquires co-working rival Spacious

4. US-based fitness startup Peloton Interactive files for IPO

5. E-commerce startup Enjoy raises US$150M, expands in UK

6. Homee raises US$15 million to connect property owners with service providers

7. Tesorio, cash flow performance platform, raises US$10M Series A to help companies track their cash flow

8. VoiceOps, AI coaching and training platform, raises US$9M to help companies coach their call center reps

9. Ready, hyper-casual esports tournament platform, raises US$5 million for hyper-casual esports platform

10. AR world-mapping startup 6D.ai expands platform as it exits beta

Check out our latest podcast here

Check out our latest blog post here

China:

1. China mobile shopping users close to 1 billion in H1 2019; low-tier cities, mini-programs contributed to the growth

2. WeChat unveils new device that allows customers to pay with their face

3. JD.com and Tesla jointly launched Intelligent community solution powered by IoT and AI to address security, medical care and more community problems

4. Sogou 搜狗 unveils an AI financial assistant for insurance company Ping An 平安 

5. Momo’s 陌陌, social search and instant messaging mobile app, revenue grew by 32% YoY to 4.15 billion RMB in Q2 2019

6. Bilibili 哔哩哔哩, video hosting platform, fails to prevent wider losses in Q2 with RMB 315M (US$45.9M) in net losses

7. 36Kr Media 36氪 plans NASDAQ IPO seeking to raise US$100M

8. Hiscene 亮风台, AR product and service provider, completed 250M RMB in Series C

9. Wanyu 万娱互动, integrated marketing strategy and solution provider, received 7-digit RMB in Pre-A funding round

Cross-Border:

1. China’s CITIC Capital backs US$33.8m funding in Japanese e-commerce firm Reclo

2. Singaporean KK Fund invests in Vietnamese healthcare startup Med247

3. Singaporean fintech startup C88 acquires Indonesia’s IDX Optus to ramp up credit scoring capability

4. Gogoro launches its electric scooters for businesses in South Korea

Emerging Market:

1. Indonesia-listed Phapros gets nod for US$77m rights issue plan

2. Novelship, Singapore-based sneaker and streetwear marketplace, closes  US$2m seed round led by Global Founders Capital

3. Indonesia’s fashion e-commerce startup Sorabel confirms pre-Series C investment

4. India’s Bike taxi startup Rapido raises US$55.5m funding led by WestBridge

Image Credits: pandaily