Chinaccelerator Daily Digest 2019/9/24

Overseas:

1. Facebook acquires Ctrl-labs, a startup building a neural monitoring armband, to advance its brain-machine interface efforts

2. Microsoft launches e-commerce tools as Amazon rivalry intensifies

3. Microsoft Dynamics 365’s AI tracks customer behavior in retail stores

4. Netflix goes negative for the year, giving up a 46% gain

5. YouTube taps machine learning to serve the best contextual ads for each user

6. Unbabel raises US$60 million to bring machine-human translations to more enterprises

7. Bold Penguin raises US$32 million to match insurance carriers with prospects

8. Kheiron raises US$22 million for machine learning that helps radiologists detect cancer earlier

9. Kabbage founders raise US$11M for Drum, an SMB marketplace for sourcing salespeople, goods and services

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China:

1. China’s USD 25 trillion in mobile payments transform nation’s services

2. Tencent Live integrates live streaming with e-commerce mini programs

3. WeChat embraces new feed algorithm to boost Official Accounts content

4. Industrial e-commerce site BWCMall, founded by former Alibaba employee, raises USD 10 million

5. Automotive parts supplier Mancando raises USD 28 million from investors including Legend Capital

6. TRAVEL EASY 易游集团 completes US$20m round of financing with the aim of capturing European travel and shopping market

7. Chang Mu Gu 长木谷医疗, an AI Orthopaedic Surgery Solutions startup, receives US$10m in Pre-A round financing

8. Tencent’s battle royale game “PUBG Mobile” along with its Chinese rebrand “Game for Peace” have brought revenue in a total of $1 billion globally

9. Ping An’s AI team can now predict flu outbreaks with 90% accuracy

Cross-Border:

1. Hyundai and Aptiv form $4 billion pact to build self-driving cars

2. Indian online pharmacy Digi-Prex secures US$5.5m from Y Combinator and others

Emerging Market:

1. Former execs at Norwest, Freshworks set up US$300m fund, Avataar Ventures, for B2B, SaaS startups in India and Southeast Asia

2. After three years, Tiger Global makes a roaring comeback to India with more than USD 300m investment in 2019

3. Indonesia’s fintech P2P lending startup Investree in talks to raise series C for regional expansion

4. Vietnamese conglomerate Vingroup joins crowded e-wallet market

Image Credits: technode.com