Chinaccelerator Daily Digest 2019/8/5

Overseas:

1. VC firm Nyca Partners raises $210M to invest in fintech startups

2. News discovery app SmartNews valued at $1.1B, becomes a unicorn

3. AI-Health Startup Babylon Health confirms $550M raise at $2B+ valuation

4. Software intelligence company Dynatrace prices IPO above range at $16/Share, valuing the software company at $4.5B

5. Digital identity startup Yoti raises additional £8M at a valuation of £82M

6. AI-powered soil analysis startup Biome Makers closes $4M to assess the quality of the ‘gut bacteria’ of a farm’s soil

 

China:

1. NetEase 网易 to invest no less then 5 billion RMB building an e-sport park, with notably an arena, R&D department and talent development space

2. ZTE first 5G phone, Axon 10 Pro 5G, going on sale on JD.com 京东 and Suning.com 苏宁 

3. AcFun, video sharing website, launching a support program for uploaders (up主)

4. Leapmotor 零跑汽车, smart electric car manufacturer, won a 360M RMB A2 funding round, with valuation reaching 7.1 billion RMB

5. zhaoyang120.com  昭阳医生, mental health diagnosis and treatment service platform, received a 50M RMB A2 funding round

6. rototravel.cn 路图, global travel photography company, finalised 50M RMB A fundig round 

 

Emerging Market:

1. Royal capital to ‘smart city’: Myanmar’s Mandalay gets high-tech makeover, sparks ‘spy’ fears

2. Allsome, Chinaccelerator Batch 11 cross-border logistics startup, raised US$1.94M in new funding round

3. Taiwanese multinational electronics contract manufacturing company Foxconn exploring sale of $8.8 billion display plant in China

4. Paytm Frist Games, Alibaba and Paytm backed gaming venture, to raise USD 25 million as Indian mobile gaming market grows

5. Reliance, Indian energy and telecom conglomerate, to buy 87.6% stake in Indian fashion marketplace Fynd

Image Credits: Allsome

Start typing and press Enter to search