Chinaccelerator Daily Digest 2019/8/6

Overseas:

1. Doubling down on business travelers, Airbnb acquires Urbandoor, a platform that offers extended stays to corporate clients

2. Data-driven events discovery and planning startup Fever raises $35 million led by Rakuten

3. Scale AI and its 22-year-old CEO lock down $100 million to label Silicon Valley’s data

4. Human Interest Raises $15.4M Series B For DIY Startup Retirement Plans

5. Vertical SaaS Backbone raises $10 million for cloud-hosted consumer goods workflows

 

China:

1. Didi’s  滴滴 self-driving unit to become an independent company

2. Wechat works with Youzan 有赞, retail technology SaaS service provider, for brands to easily advertise on Wechat

3. Ant Financial 蚂蚁金服 reported that its travel services have exceeded 400M users

3. Bytedance 字节跳动 to start developing own games, first game to be released earliest in 2020 Q1

4. NetEase Music 网易音乐 and Luckin Coffee 瑞幸咖啡 are jointly opening a music coffee shop in Shanghai 

5. Angstrong 安思疆科技, 3D sensor component company, finalized an 8-digit RMB A funding round

6. Ezhousetech 奕至家具, smart home solution provider, to receive nearly 10M RMB in pre-A funding round

 

Cross-Border:

1. UK’s Experian invests $20m in Hong Kong-based FinTech startup CompareAsiaGroup

2. Amsterdam-based Takeaway.com and British Just Eat agree merger terms

3. Singapore’s Carro, automotive marketplace, raises $90m in Series B funding, acquires Indonesia’s e-classifieds website Jualo.com

4. Singapore to serve as Foodpanda’s Southeast Asia headquarters, which is a subsidiary of Germany’s Delivery Hero

 

Emerging Market:

1. India proposes user safeguard rules for e-commerce companies

2. Thailand’s Siri Ventures to invest $19.5m in startups in 2H2019

3. Indian online gaming startup BalleBaazi.com secures $4m from two PE funds

4. Flipkart, Indian e-commerce company, set to roll out free video streaming service to take on Amazon

5. India’s digital lending platform Indifi raises $21M

6. India’s GoWork raises $53M in debt financing to expand its co-working spaces business

7. Vietnam’s ride-hailing firm Be Group launches delivery services to take on Grab, Go-Viet

8. Malaysian job search portal WOBB bags $1.3m pre-Series A funding

Image Credits: DNyuz

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