Chinaccelerator Daily Digest 2020/02/15

CHINA:

1. Coronavirus hitting China’s manufacturing sector worse than Sars as Covid-19 slows production

2. ByteDance to name exclusive head for gaming, signaling ambitions for business

3. Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate

4. China’s video streaming site Youku 优酷 snaps up BBC dramas as appetite for foreign shows like Sherlock, Yes Minister remains strong

5. Tesla’s revenue in China sees 69.5% surge in 2019

6. Tesla Plans to Build Longer Range Model 3 in China, as China Sales Boom in 2019

7. Meituan asks users to disinfect bikes for ‘contactless’ rides

8. Suning Logistics offers free national storage resources for anti-virus supplies

9. Alibaba B2B unveiled measures to support SMEs during the Covid-19 outbreak

10. Baidu releases open-source tool to detect faces without masks

11. Autonavi launches real-time subway and passenger search feature for Beijing

12. JD.com builds emergency supply chain management platform for Hubei

13. Offline self-service equipment platform leyaoyao 乐摇摇 raised 150million RMB in Series C, led by Tencent.

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MOBILE-ONLY MARKETS:

1. Thailand raises $3.2 billion at 5G license auctions

2. Indian social commerce startup Simsim secures $8m in series B round, led by Shunwei Capital and Accel

3. Karbon, SBM Bank India to launch India’s first startup-friendly credit card

4. Indonesia proposes law that makes foreign talent hiring in startups easier

5. Singapore’s clean energy firm Sunseap raises $72m from Thailand’s Banpu Group

CROSS-BORDER:

1. Vodafone assesses payment to India in dispute over dues

2. Facebook joins Sequoia India’s Surge in launching the fourth edition of VC Brand Incubator

3. Dubai’s TVM Capital eyes investments in SEA’s digital health sector

OVERSEAS:

1. Global tourism to take a US$80 billion hit and a year to shake off the effects of coronavirus outbreak

2. SoftBank plans to invest $1b from Latin America fund in 2020

3. Roku Tries Brinkmanship in the Streaming Wars

4. Google in talks with publishers to pay for premium news content

5. Google protests ‘eye-catching’ $2.6 billion EU fine, judge disagrees

6. Canada’s Telus to launch 5G network with Huawei soon, CFO says

7. Vertical payments startup Flywire Raises $120M In Goldman Sachs-Led Series E

8. Restaurant management startup Toast lands $400M, bringing valuation to nearly $5B

9. Health data company Innovaccer raises $70M to collect and consolidate health data

10. General Catalyst leads $6 million investment in team productivity startup Range

11. Tamatem, the games publisher for the MENA market, raises $3.5M to reach other ‘underserved’ gamers

Image Credits: Technode