Chinaccelerator Daily Digest 2020/01/10

CHINA:

1. China-focused Unicorn Capital Partners raises $353.5m for fourth fund

2. Alibaba and China’s state-owned FAW team up to deliver next-generation smart vehicles

3. Meituan rolls out new credit payment feature Maidan 美团买单

4. China’s biggest dating platform Momo 陌陌 launches short video social app ‘Duiyan’ 对眼

5. Chinese Podcast Platform Lizhi 荔枝 Expected to Raise $61 Million in the Upcoming IPO

6. Chinese community e-commerce firm Nice Tuan 十荟团 closes $88.3m from Alibaba, Qiming, others

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MOBILE-ONLY MARKETS:

1. Tencent-backed Indian edtech company Think and Learn, the owner and operator of learning app Byju’s, secures $200m

2. Ant Financial leads USD 150 million funding in Indian food delivery giant Zomato

3. India’s e-scooter firm Bounce raises $97m in round led by Eduardo Saverin’s B Capital

4. Thai fintech startup Lightnet secures $31.2m from UOB, others to invest in its underlying blockchain tech, Stellar

5. Thailand’s digital wealth management startup Finnomena bags $10m in round led by Gobi, Openspace

CROSS-BORDER:

1. WeChat rolls out tuition payment service in South Korea

2. Singapore’s e-scooter startup Neuron Mobility expands to New Zealand

OVERSEAS:

1. Insight Partners acquires data backup and recovery platform Veeam for $5 billion

2. Fintech firm Bux acquires ‘social’ cryptocurrency investment platform Blockport

3. Mobility company Lime is laying off about 100 people and ceasing operations in 12 markets in a bid to become profitable

4. Data analytics startup Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics

5. Soul Machines, startup platform for AI-powered customer-facing digital avatars, raises $40 million

6. Insuretech company Corvus raises $32 million to inject AI into insurance products

7. E-commerce recommendation tech startup Lily AI raises a $12.5M Series A led by Canaan

8. MasterClass co-founder’s new educational startup Outlier raises $11.7M

9. Vickers Venture leads US$11M in UK-based biotech startup UK-based Emergex Vaccines Holding

10. Legalpad raises $10M to help immigrant entrepreneurs with the visa process

Image Credits: Bounce