Chinaccelerator Daily Digest 2019/9/23

Overseas:

1. Facebook Accelerator London opens to non-U.K. startups with a focus on transformative tech

2. Singapore-based Elite Partners’s new US$200M fund to invest in undervalued firms

3. Matchstick Ventures raises $30M to back startups in the northern US and the Rockies

4. Google to spend $3 billion on European datacenters

5. Amazon introduces mobile game benefits for Prime members with PUGB Mobile deal

6. Apple seeks patent on retinal hologram projectors for AR glasses

7. Vianai emerges with $50M seed and a mission to simplify machine learning tech

8. Lookiero closes $19M led by MMC Ventures to be the Stitch Fix for Europe

9. An Indian startup that uses WhatsApp to serve thousands with chronic disease raises $5.5M seed round

10. Fitbit shares soar more than 18% as it hires Qatalyst to explore sale

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China:

1. China Expected to Have First Self-Designed DRAM Chip by Year End

2. Shanghai offers cash incentives of up to US$8.5 million to lure financial institutions to Lingang free-trade zone area

3. The Baoneng Tengchong 宝能腾冲 project is officially launched with 40 billion yuan invested in culture- and travel-related real estate

4. Wuhan Issues First Autonomous Vehicle Licenses for Commercial Uses

5. ByteDance launches two marketing apps to achieve its USD 14 billion revenue target

6. San Tou Liu Bi 三头六臂 raises 200 million in an A+ round funding, providing domestic, cost-effective auto parts

7. Chinese property portal Zhuge.com raises more than USD 14 million

8. Home-based education platform, Yin Ai Ke Ji 因爱科技, secured B-round financing from Sequoia Capital

Cross-Border:

1. Google Pay in India adds strategic features to keep competition away

Emerging Market:

1. India’s Axis Bank raises $1.79b via QIP from GIC and others

2. Indonesian P2P lender Akseleran raises $8.5m from Access Ventures and others

3. Agriculture-focused fintech Crowde receives US$1M Pre-Series A funding from Mandiri Capital Investment

Image Credits: kr-asia.com