Chinaccelerator Daily Digest 2019/9/10

Overseas:

1. Uber commits US$200 million to Uber Freight expansion in bet on trucking and Chicago

2. Razer CEO to invest US$7.2m to drive growth in Singapore’s gaming scene

3. Volocopter raises US$55M led by Volvo owner Geely, sets 3-year timeline for its flying taxi service

4. AppZen raises US$50 million to automate expense reporting with AI

5. Germany-based ProGlove raises US$40 million for barcode-scanning industrial gloves

6. US- and Israel-based Vim raises US$24 million to match patients with top health care providers

7. US-based Drivetime raises US$11 million for interactive audio games like Jeopardy in the car

8. French startup Spendesk raises US$38.4 million for its corporate card and expense service

9. Syte, an Israeli startup, raises US$21.5 million to power visual search for ecommerce

10. Singaporean food tech startup Hoow Foods raises US$1.2M seed funding from Killiney Group to accelerate operations

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China:

1. Beijing introduces hundreds of smart lampposts amid 5G push

2. China blocks US video-conferencing tool Zoom

3. Tencent established a new internal livestreaming department, comprising Huya 虎牙, Douyu 斗鱼 and live.qq 企鹅

4. Travel services provider Ctrip’s 携程 revenue increased 19% YoY to 8.7 billion RMB in Q2

5. Baidu invests US$200 million in Neusoft Holdings, which owns Neusoft Group, China’s first software developer

6. Rental platform Cjia.com raises nearly USD 300 million from investors including Jack Ma’s Yunfeng Capital

7. Chinese supply chain tracking solution provider Acctrue raises US$8.4 million

Cross-Border:

1. Flipkart co-founder to launch US$400m fund in Singapore

2. GIC-led consortium invests US$500m in Vietnamese conglomerate Vingroup

3. CPPIB injects US$115m in Carlyle-backed Indian logistics unicorn Delhivery

4. FMO proposes US$8.3m funding in India’s farmer-owned group Sahyadri

Emerging Market:

1. India to overtake US in digital video consumption by 2020

2. S Korea’s Shinhan Group sets aside US$25m for accelerator programme

3. Philippines F&B kiosk operator Fruitas files for US$23m IPO

Image Credits: techcrunch.com

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