Chinaccelerator Daily Digest 2019/9/18

Overseas:

1. Global game revenues will hit US$68.5 billion in 2019

2. President of France, Macron, announces €5 billion late-stage investment pledge from institutional investors

3. Remagine Ventures secures US$35M fund backed by media giants to focus on entertainment and media tech

4. Car leasing app Fair raises US$500 million loan

5. Boston-based DataRobot raises US$206M Series E to bring AI to enterprise

6. Canadian AI-powered software solutions startup Element AI,  raises US$151M in Series B round led by CDPQ

7. South Korean P2P lender Terafunding closes US$18m Series B round

8. Australia-based accountancy software solution developer Practice Ignition raises US$17.8M

9. FarmWise and its weed-pulling agribot harvest US$14.5M in funding

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China:

1. China accounted for an average of 4 domestic trips per person and 10.7 outbound trips per 100 people in 2018, according to new report by Airbnb

2. China’s domestic leisure food market scale has exceeded one trillion RMB, according to report by Tmall and China Business Data center

3. Shanghai issues China’s first permits allowing passengers in self-driving cars

4. Huawei and Tencent signed 5G cooperation agreement to strengthen cooperation in the video area

5. Hellobike 哈啰出行 reported that it has 280 million registered users in over  360 cities in China

6. ABB builds US$150M robotics plant in Shanghai

7. Chinese online insurance platform Duobaoyu 多保鱼 raises US$282M in Series B round led by Jack Ma’s Yunfeng Capital 云锋基金

8. China pushing ahead with controversial corporate social credit rating system for 33 million firms

9. Tencent teams up with Beijing’s Forbidden City for digitalization and content co-production

10. Changxingzhineng 畅行智能, autonomous driving software and hardware solutions provider, completed 7-digit RMB in Pre-A funding round

11. Plant-based meat company Vesta 未食达 received angel funding round 

Cross-Border:

1. JM Financial closes second India fund with commitments from Sidbi, Quilvest invest in JM Financial arm’s Rs600-cr India fund

2. Singapore-based Everstone plans to launch realty-focused credit vehicle focused on Indian real estate sector

3. Crypto-exchange firm Binance makes its first Chinese investment by investing in crypto-data website Mars Finance 火星财经 

4. Grab and Heineken start new partnership in Southeast Asia

Emerging Market:

1. Indian intra-city logistics provider Blowhorn secures fresh funding

2. Indian Varthana, specialized in debt financing to private schools, in talks to raise US$50M in fresh funding

3. Indian healthcare startup Meddo raises US$3M funding led by SRI Capital

4. Indonesia’s MDI Ventures to raise US$100M in third fundraising

5. Indonesian payment platform LinkAja plans to launch first sharia service (in accordance with Islamic rules) in November

Image Credits: chinaplus.cri

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