Chinaccelerator Daily Digest 2019/8/30

Overseas:

1. London-based Koru Kids raises £10M Series A for its all-in-one childcare platform

2. Uber proposes policy that would pay drivers a minimum wage of $21 per hour

3. Urbvan raises US$9 million for its private shuttle service in Mexico

4. UK-based Residently raises £7M to digitise the rental experience

5. Knock Knock raises US$4 million to make social instant games

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China:

1. China’s Ministry of Science and Technology released latest list of national open innovation platforms for AI 

2. Meituan 美团 has started testing drones and robots to deliver food

3. HelloBike 哈罗出行 released 2.0 version of smart decision-making system to improve operational efficiency

4. Lenovo’s 联想 revenue grew by 15% YoY to 179.311 billion RMB in Q2 2019

5. Micro plastic surgery platform Soyoung’s 新氧 revenue grew by 87.3% YoY to 285M RMB

6. Tencent raises its biggest ever dollar loan of US$6.5b, which is to be used for refinancing and general corporate purposes

7. IDG-backed Superdata Software 速达软件 files for Hong Kong IPO

8. Xiguacity 西瓜创客, online programming education platform for children, completed 150M RMB in Series B

9. each-reach.com 融智生物, life science analytical instruments, consumables and solutions provider, completed 100M RMB in strategic investment

10. Plum 红布林, e-commerce platform for second-hand fashion products, raises US$20m in Series B+

Cross-Border:

1. Singapore-based Golden Gate Ventures raising US$200m for new growth fund with Korea’s Hanwha

2. Google plans to shift its Pixel smartphone production line from China to Vietnam 

3. Microsoft launched Microsoft AI Business School in China offering both offline interactive teaching and online courses 

4. Cool Japan Fund to invest US$10m in Taiwanese travel booking site KKDay

Emerging Market:

1. Kaszek Ventures raises US$600 million in two funds as Latin America’s startup market booms

2. India to reach 10% e-commerce penetration by 2023, according to new report by RBC Capital Market 

3. Indian SBI Card & Payment, credit card subsidiary of State Bank of India, unit aims to raise US$1.1b via IPO

4. Indian online tutoring firm Vedantu received US$42M funding in Series C

Image Credits: jefftowson