Chinaccelerator Daily Digest 2020/02/25

CHINA:

1. China’s bike rental sector recovering as workforce returns

2. Coronavirus Outbreak Pushes 200 Million In China To Video Conferencing

3. Hillhouse Capital launches USD 1.4 billion fund to back early-stage startups

4. ByteDance makes workplace collaboration tool Feishu free indefinitely

5. Huawei launches XS foldable handset with self-developed ecosystem

6. Alibaba Local Services Company Acquires Software Provider Keruyun 客如云 

7. IDG Capital Leads $50M Round In Restaurant Supply Chain Startup Guoquan锅圈

8. Cloud game technology solution provider WELINK 蔚领时代 raised 7-digit RMB in Pre-A round

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MOBILE-ONLY MARKETS:

1. Grab and GoJek are discussing a merger 

2. GoFood partners with Digitaraya, Kopi Kenangan CEO to launch food accelerator

3. Thai bank Krungsri to take part in MUFG’s investment deal with Grab

4. Tonik raises $6m to fund Philippine digibank

5. Vietnamese podcast startup Waves raises $1.2m in Insignia-led round

6. Coatue Management and Ribbit Capital lead a USD 75 million round in Indian fintech startup BharatPe

CROSS-BORDER:

1. Huawei launches its first smart speaker in Europe to take on Amazon and Google

2. LG Chem to exclusively supply EV batteries to U.S.-based Lucid Motors

3. Uber to plug into India’s electric vehicle space

4. PepsiCo pays US$705 million for a lesson in e-commerce through buying Chinese online snacks retailer Be & Cheery

5. Apple reopens more than half its retail stores in China after coronavirus closures

6. Chinese Robotics Firm Geek+ Launches US Warehouse Operations

OVERSEAS:

1. Coronavirus plunge wipes more than $230 billion from Big Tech stocks

2. Boston’s M33 Growth Raises $260M For Its Second Fund Focused On Scaling Previously Bootstrapped Businesses

3. Europe’s Target Global raises new €120M early-stage fund

4. Intel debuts 5G server and base station chips, plus a PC network card

5. Sony launches first 5G smartphone as it hopes to turn around struggling mobile business

6. Online travel giant Expedia to cut 3,000 jobs

7. Fast-growing digital bank Revolut triples valuation to $5.5 billion

8. SoftBank leads $165 million capital boost for liquid biopsy firm Karius

9. Chattermill raises $8M Series A to enable companies to gain customer feedback insights ‘at scale’

10. Spain’s Cobee raises €2.1M for its employee benefits app and payment card

11. Sokowatch raises $14M to digitize Africa’s informal B2B supply-chain

Image Credits: Tech in Asia