Chinaccelerator Daily Digest 2019/9/12

Overseas:

1. Disney is selling FoxNext gaming company after $71.3 billion acquisition of 21st Century Fox

2. McDonald’s acquires A.I. company, Apprente, to help automate the drive-thru, its third tech deal this year

3. Yahoo Japan to buy online fashion retailer Zozo

4. Peloton, developer of internet-connected stationary bikes and treadmills, plots US$1.2B Nasdaq IPO

5. Explorium reveals US$19.1M in total funding for machine learning data discovery platform

6. These brothers just raised US$15 million for their startup, Dutchie, a kind of Shopify for cannabis dispensaries

7. Bux launches ‘BUX Zero’ to begin offering fee-free trading in Netherlands

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China:

1. Total revenue of China’s big data market will reach US$9.6 billion in 2019

2. Chinese mobile games ranked Top 30 internationally in August – PUBG Mobile ranked 1st

3. Shanghai’s Zhangjiang Hi-Tech Park Launches USD351.6 Million Tech Fund

4. Ele.me 饿了么口碑 and Taobao 淘宝 launched first ‘rocket restaurant’ constructed from debris of space rockets

5. Perfect Diary 完美日记, which just closed a new round of financing led by Hillhouse Capital and joined by Sequoia Capital China, is now valued over USD 1 billion

6. 51Talk’s, online English education platform, revenue grew 25.4% YoY to 353M RMB in Q2 2019

7. LexinFintech 乐信, FinTech platform for educated young adults in China, obtained US$300M in convertible bond financing

8. 58.com’s Zhuan Zhuan 转转 Used-Goods Trading Platform Secures US$300 Million in Financing

9. e-ai-edu.com 卓世未来, AI content-based education company, received 7-digit RMB in Series A

Cross-Border:

1. Douyin 抖音 rival Kuaishou 快手 refocuses overseas, Brazil DAU surges to 3 million

2. US investment firm Angelo Gordon raises US$1.3b for Asia real estate fund

Emerging Market:

Image Credits: China Film Insider

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