Chinaccelerator Daily Digest 2019/9/19

Overseas:

1. Deep Tech venture capital firm DCVC Nets US$725M for oversubscribed Fund V

2. Washington DC-based Revolution Ventures closes on US$215M for ‘oversubscribed’ third fund

3. San Diego-based self-driving startup TuSimple raises US$120M in extended Series D

4. PlayVS picks up US$50M Series C to build out high school esports

5. On-demand plant food startup Simple Feast raises $33M B round to push its climate credentials

6. Singapore’s GushCloud International, marketing and entertainment startup, raises US$11M led by GDP Ventures

7. San Francisco-based Indus.ai raises US$8M for construction site management AI

8. Lunchclub raises US$4M from a16z for its AI warm intro service

9. XY Gaming raises $2.5 million for its global esports tournament platform

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China:

1. Over 1/3 China internet users don’t have insurance, according to Tencent survey

2. Alibaba maintains lead in China’s hot cloud computing market as Tencent, Baidu play catch-up, according to report by Canalys

3. Alibaba mapping unit AutoNavi offers self-guided audio tour amid expansion spree

4. Tencent to open-source its IoT operating system TencentOS tiny

5. China’s iconic limousine brand Hongqi红旗 taps into ride-hailing sector

6. Taobao 淘宝 implements hot topic live ranking to boost sales

7. Weiyunzhineng 微云智能, intelligent robots and digital services provider for dental industry, completed 8-digit RMB in Series A

8. 天瞳威视CalmCar, smart driving system provider, received 8-digit RMB investment in Series A2

9. Minospace 微纳星空, satellite development service provider, raised 7-digit RMB in Series A+
 

Cross-Border:

1. South Korea’s KB Investment eyes US$100M joint Southeast Asia  fund with Indonesia’s MDI Ventures

2. Wow! Momo Foods, quick-service restaurant chain, raises funding led by Tiger Global, gets valued at US$120m

3. Hong Kong-based AIA Group invests in Indonesian ride-hailing startup Gojek

Emerging Market:

1. India bans e-cigarettes citing youth health concerns

2. Temasek’s Vertex closes record US$420M South-east Asian fund

3. Ovo is current e-wallet leader in Indonesia, according to central bank data

4. Indonesia-focused Indies Capital hits final close for tech fund at over US$70M

5. Indonesia’s Julo raises US$10M to expand its P2P lending platform

6. Brazilian home goods retailer MadeiraMadeira received US$110M in new funding round

Image Credits: thegeniusworks

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