Chinaccelerator Daily Digest 2020/01/07

CHINA:

1. China approved 24 more cross-border e-commerce pilot cities and relaxed forex in FTZs

2. Chinese AI firm Megvii 旷视 cleared for $500m Hong Kong IPO

3. Alipay releases annual individual user spending data

4. Bytedance’s Douyin reaches 400 million users

5. WeChat launches new feature to tackle parking problems in Chinese cities

6. Fintech startup Miaoying 妙盈科技 raised funding in Series A+ to further iterate ESG / alternative data products

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MOBILE-ONLY MARKETS:

1. Indonesian media and broadcasting startup SVARA raises pre-Series A funding

CROSS-BORDER:

1. U.S. announces restrictions on AI software exports to China

2. Microsoft Research and Peking University proposes face-swapping AI and face forgery detector

3. Baidu seeks to collaborate with Indian educational institutes on AI

OVERSEAS:

1. Homeland Security warns US businesses to brace for Iranian cyberattacks

2. Antler, a global startup generator and VC, raises US$50M from investors including Facebook co-founder to expand into new locations

3. Toyota is building a tiny utopian prototype city filled with people, robots and AI at foot of Mount Fugi, Japan

4. IBM taps blockchain to make coffee sourcing traceable

5. Amazon partners with Lamborghini, Rivian to offer Alexa voice assistant in vehicles

6. SpaceX successfully launches 60 more satellites for its Starlink broadband internet constellation

7. YouTube starts limiting ad targeting and data collection on kids content

8. HighRadius, which has developed AI-powered fintech software, raises $125M Series B

9. Data privacy startup BigID raises $50M Series D

10. Data security startup DataCloak closes $13 million Series A

11. Sequoia India, EDBI lead $4m funding in SG-based medtech startup eko.ai

12. Shenzhen-based NEV fleet logistics startup DST raises 7-digit sum in Series C1

Image Credits: technode