Chinaccelerator Daily Digest 2020/03/19

CHINA:

1. Chinese cloud infrastructure market generated $3.3B in Q42019

2. China shipped 99 million wearable devices in 2019, 37% more than last year

3. Sequoia-backed ZhenFund seeks $250m for sixth venture fund

4. Tencent has big expectations to beat as Chinese gaming giant prepares to report 2019 earnings amid challenges in ads, cloud computing

5. China’s Baidu said to raise salaries amid coronavirus outbreak

6. Alibaba to launch “university” to help on-demand workers learn digital skills

7. Dingtalk is now available worldwide for ‘medical heroes’

8. Chinese EV startups Xpeng and Byton join hands to explore energy technology development

9. Bilibili reports better-than-expected Q4 earnings results despite doubling losses

10. Trip.com Posts Strong 2019 Earnings, Warns of Q1 2020 Slowdown

11. China’s SenseTime said to seek up to $1b funding, defer HK IPO

12. Sequoia China pays $171m for stake in dairy products maker Junlebao

13. Insurance platform Insgeek nets $25m and more updates

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MOBILE-ONLY MARKETS:

1. Gojek reportedly lays off employees

2. Grab-IMDA (Infocomm Media Development Authority) partnership aims to help Singaporean startups expand overseas

3. SG-based HR tech startup EngageRocket nets $2.1m to expand in Southeast Asia

4. India: PE/VC investments in February decline to $1.7b

5. Oyo secures $807m from SoftBank, RA Holdings

6. Indian startup Agnikul banks $3.2m to make satellite launches cheaper

CROSS-BRDER:

1. Asian healthcare investment booms, offers ‘double bottom line’ for private equity

OVERSEAS:

1. Telemedicine has a big role in the coronavirus fight, but doctors say the laws remain murky

2. WHO plans live streaming video on TikTok to fight coronavirus ‘infodemic’

3. SoftBank reportedly balks at commitment to buy $3B in shares from WeWork shareholders

4. Vodafone data traffic surges 50% due to coronavirus

5. Samsung flags chip recovery, shrinking phone market amid coronavirus outbreak

6. Honda to shut down North American factories for six days

7. WhatsApp unveils $1M grant, info hub to fight coronavirus rumors

8. Deepgram raises $12M for enterprise speech recognition

9. Quit Genius raises $11M Series A to expand into opioid, alcohol addiction treatment

10. E25Bio Raises $2M From Khosla Ventures To Create Rapid COVID-19 Diagnostic Test

11. Focused on health in the home, Novi lands $1.5M to help CPG companies source clean, safe ingredients

Image Credits: SCMP