Chinaccelerator Daily Digest 2019/9/02

Overseas:

1. YouTube said to be fined up to US$200M for children’s privacy violations

2. S Korean buyout firm VIG Partners to sell HiParking in US$140m deal

3. E-cigarette maker Juul raises over US$750 million in expanded funding round

4. Credit Sesame, a platform for managing loans and credit scores, picks up US$43M en route to IPO

5. California-based Baton Systems raises US$12 million for blockchain-inspired bank payments infrastructure

6. Atoms, direct-to-consumer fashion brand, nabs US$8.1M for shoes you can buy in quarter sizes for each foot

7. Baze, at-home blood testing startup, rakes in US$6 million from Nature’s Way

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China:

1. China has 847 million mobile Internet users and 99.1% of Chinese netizens use mobile Internet, according to a report by the China Internet Network Information Center 

2. Didi Chuxing 滴滴出行 to launch self-driving rides in Shanghai and expand them beyond China by 2021

3. Suning’s 苏宁 revenue grew by 22.49% YoY to 135.57 billion RMB in Q2 2019

4. Chinese sportswear retailer Topsports 滔博国际 to seek approval for $1b IPO

5. yunhuyj.com 云呼科技, platform for medical examination services, received 220M RMB in Series Pre-B

6. Nuovo Film 诺菲纳米, researching, developing and producing nano materials, completed more than 100M RMB in Series C

7. Huimei 惠每科技, AI-based clinical decision support system (CDSS), raised US$30M in Series C

Cross-Border:

1. After 5,000 games, Microsoft’s Suphx AI can defeat top Mahjong players

2. Mexico-based fintech startup Credijusto Raises US$42M Series B led by Goldman Sachs PSI

Emerging Market:

1. Singaporean BreadTalk Group to buy food-court operator Food Junction for US$80m

2. Indian B2B marketplace Udaan raises US$373.5m, valuation jumps to US$2.3b

3. Indian data analytics firm Tracxn to raise US$3M 

4. Latin American delivery app Rappi to double numbers of cities it operates in by year-end

Image Credits: chinamoneynetwork.com