Chinaccelerator Daily Digest 2020/03/11

CHINA:

1. Shipping rates show signs of a recovery in demand as China’s economy and factories reboot from coronavirus lockdown

2. China’s February EV sales dive 77% on Covid-19 effects

3. Beijing has 26,000 5G base stations serving 800,000 users

4. Drone delivery startup lifts off early with medical samples

5. Alibaba establishes 5G research lab under DAMO Academy research division

6. Alibaba’s Alipay to open up to 40 million service providers in three years

7. Alibaba’s Chinese Delivery Arm Is Back at Pre-Outbreak Levels

8. Ant Financial takes aim at Meituan with Alipay expansion in digital lifestyle services

9. Ikea launches flagship store on Alibaba’s Tmall

10. ByteDance To Launch Independent App Lark Doc

11. Eight roads co-leads $36million series B in Chinese “Corporate Wallet” Fenbeitong 分贝通

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MOBILE-ONLY MARKETS:

1. Malaysian court dismisses Grab’s request to review decision on $20.9m fine

2. Ecommerce chatbot startup Omnichat raises $800k in AppWorks-led round

3. Indonesia’s P2P industry sees growing interest as alternative investment platforms

4. Frogs Indonesia carries out flying taxi test flight in Yogyakarta

5. Vietnam court asks Grab to shell out $206k for taxi firm Vinasun’s losses

CROSS-BORDER:

1. Quona Capital closes US$203M round to focus on fintech companies in emerging markets

2. Apple To Launch New Affordable iPhone As Sales Plunge In China

OVERSEAS:

1. Gates, Wellcome and Mastercard launch $125 million fund to finance COVID-19 treatments

2. Google bans all ads for medical face masks amid coronavirus outbreak

3. Apple employee in Ireland tests positive for coronavirus in first confirmed case at company

4. Intel says flawed EU antitrust decision underpins $1.2 billion fine

5. Uber self-driving cars are back testing on San Francisco streets

6. Tesla is searching “central” U.S. for a Cybertruck gigafactory site

7. Sentons teams up with Foxconn to create virtual buttons for smartphones

8. Two video startups Quibi and Eko are in a legal battle over video tech

9. Everlaw announces $62M Series C to continue modernizing legal discovery

10. Rental marketplace for renters and landlords Zumper Secures $60M To Become The ‘Airbnb For One-Year Leasing’

11. Toronto’s NorthOne, A Digital Challenger Bank For Small Businesses, Raises $21M Series A

12. Supply chain tech company Overhaul Raises $17.5M To Continue Growing Company In an Edison Partners-Led Round

13. Australian edtech firm Zookal raises $9.85m in equity fundraising round

14. BackboneAI scores $4.7M seed to bring order to intercompany data sharing

15. Insurance AI startup Synthesized raises $2.8M from IQ Capital and Mundi Ventures

16. Monograph, developer of project and cost management software for architects, raises $1.9 million

17. Gaming startup Mod.io banks $1m in Play Ventures-led round

Image Credits: Alizila.com