Chinaccelerator Daily Digest 2020/02/21

CHINA:

1. China’s M&A activity will rebound in second half as some dealmakers press on despite coronavirus restrictions, says PwC

2. Second-hand shopping takes off on Chinese apps

3. Alipay’s Health rating system deployed in over 100 cities

4. Huawei says no impact on 5G supply from coronavirus

5. Huawei wins 91 commercial 5G contracts, triple over previous year

6. Lenovo to boost production overseas as coronavirus crisis slows down China manufacturing

7. Chinese consumer electronics firm Avove closes $43m in Series B round from govt-led fund

8. Didi uses AI facial recognition to ensure its drivers wear masks

9. HungryPanda, a food delivery app for Chinese communities, raises $20 million

10. Virtual community-builder Oasis VR raises over RMB 10 million in Series A round

11. Suzhou-based firm Senscomm Semiconductor scores investment from Xiaomi-backed industry fund

 

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MOBILE-ONLY MARKETS:

 

CROSS-BORDER:

1. HTC doubles down on virtual reality with new headsets aimed at taking on Facebook’s Oculus

2. Microsoft to invest $1.1 billion in Mexico over next five years: CEO

 

OVERSEAS:

1. Sweden starts testing world’s first central bank digital currency

2. Marcy Venture Partners, co-founded by Jay-Z, Raises $85M Fund

3. Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund

4. New Mexico AG sues Google for collecting school kids’ personal data

5. Dropbox shares rise after upbeat results, share buyback plan

6. Microsoft plans antivirus software Defender for Android and iOS devices

7. WarnerMedia, YouTube TV expand distribution deal to include upcoming HBOMax

8. Tesla Model 3 makes Consumer Reports ‘Top Picks’ list for 2020

9. Israeli software testing firm Qualitest seeks acquisitions to reach $1 billion revenue goal

10. Israel’s website builder Wix.com sees 2020 revenue reaching almost $1 billion

11. DigitalOcean, a cloud infrastructure provider, raises $100M in debt as it scales toward revenue of $300M, profitability

12. Atlanta-Based OneTrust,  security and third-party risk technology platform, Raises $210M Series B, More Than Doubles Valuation To $2.7B

13. Women and family health startup Maven Lands $45M Series C With Mindy Kaling, Reese Witherspoon As Investors 

14. Customer engagement platform Leanplum raises another $27M, shakes up its executive ranks

15. Shogun raises $10M to help e-commerce brands build faster websites

16. ChartHop, a startup that aims to modernize and automate the organizational chart,  grabs $5M seed led by a16z to automate the org chart

17. Softbank-backed car-sharing platform SOCAR raises $18m from Eugene PE, KH Energy

 

Image Credits: SCMP

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