Chinaccelerator Daily Digest 2020/01/15

CHINA:

1. Huawei restructures to focus on cloud computing, AI

2. Netease launches Chinese version of Marvel Unlimited comic app

3. Shanghai Should Tap Blockchain to Power Financial Trading, PwC Executive Says

4. Chinese 3D Mapping Firms Could Win From New US Shopping Ban, Experts Say

5. Qingteng Cloud Security 青藤云安全, a Beijing-based technology firm specialising in server security, has secured 300 million RMB ($44 million) in a Series B+ round

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MOBILE-ONLY MARKETS:

1. Vietnam says aims to launch commercial 5G services this year

2. Indonesian coding bootcamp Hacktiv8 nets $3m in East Ventures-led round

3. POS startup StoreHub secures $8.9m in Vertex-led round

4. Thailand-based Ecommerce enabler aCommerce secures $15m from Indies Capital Partners

5. Indonesia’s trucking and warehousing platform Waresix bags $11m from EV Growth, Jungle Ventures

6. Indian logisitics management startup Pando raises $9m

CROSS-BORDER:

1. US venture capital in China tumbles as tech decoupling deepens, report says

2. Trump administration moves toward blocking more sales to Huawei

3. Travel app Omio the latest Berlin startup to take on North America

4. Spotify and Warner Chappell end dispute in India, sign global licensing deal

5. TikTok overtakes Facebook to become world’s second most downloaded app as rivals challenge its short video dominance

6. Singapore fintech firm Istox banks $5m from Korea’s Hanwha Asset

OVERSEAS:

1. US patents hit record 333,530 granted in 2019; IBM, Samsung (not the FAANGs) lead the pack

2. Investment in Britain’s tech sector jumped 44% in 2019

3. Comcast launches SportsTech startup accelerator with NASCAR and others

4. Nokia slashes 180 jobs in Finland but invests in 5G

5. Google plans to kill support for third-party cookies that track people all over the internet

6. Google acquires AppSheet to bring no-code development to Google Cloud

7. Tesla stock surge positions Elon Musk for $346 million payout

8. Instagram tests Direct Messaging on web where encryption fails

9. Google acquires Pointy, a startup to help brick-and-mortar retailers list products online, for $163M

10. Disney+ was the most downloaded app in the US in Q4 2019

11. Four years after being acquired, travel platform Hipmunk is shutting down

12. Tradeshift, the startup which disrupts the supply chain payment and marketplaces, raises $240M and appears to put its expected IPO on hold — for now

13. Singapore-based Fintech bank Arival Bank joins digital banking race in Singapore

Image Credits: BBC