Chinaccelerator Daily Digest 2020/03/31

CHINA:

1. Cloud infrastructure services spend in China increased by 64% in 2019

2 Weibo opens e-commerce management tool to over 500 million users

3 Pinduoduo 拼多多 Employees Accuse Alibaba of Blocking Them From Proper Access to Taobao

4 Didi, BAIC 北汽集团 and other partners launch ‘right to use’ car leasing platform amid slowdown in new car sales

5 Tencent-backed online education firm Yuanfudao 猿辅导 raises $1 billion in new round

6 China’s ZhenGe 臻格 Biotech banks $51m in Series A round

7 Chinese Travel Expense Management Platform Huilianyi 汇联易 Completes $42M Series C+ Round

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MOBILE-ONLY MARKETS:

1.Singapore-based Transportation Network Company Grab senior leaders to take up to 20% salary cut amid new COVID-19 measures

2 Indian education technology company Unacademy buys GATE, ESE prep platform Kreatryx

3 Indian travel and hotel booking firm Ixigo cuts salary of every employee over coronavirus

4 Vickers Venture Partners secures USD 200 million for sixth fund

5 Singapore’s Pierfront Capital raises $200m for first close of private credit fund

6 Telehealth startup Doctor Anywhere raises $27m to fuel regional expansion

CROSS-BORDER:

1 Apple Supplier Foxconn’s Profit Drops in the Fourth Quarter

2 ADB to invest $100m in Indian wealth fund NIIF’s Fund of Funds

3 VMG, China’s XVC lead nearly $50m funding for US-based online grocer Weee

4 Chinese hologram provider WiMi trims US IPO range, now eyes $33m

OVERSEAS:

1. Facebook Messenger prepares Auto Status location type sharing

2 Niantic is updating Pokémon GO and other titles to support indoor gaming

3 Skype daily active users up 70% to 40 million

4 Microsoft brings Teams to consumers and launches Microsoft 365 personal and family plans

5 Energy Tech Unicorn RigUp Latest Startup To Lay Off In Austin 

6 Online Marketplace Thumbtack Lays Off 250 Amid ‘Dramatically’ Declining Revenue Due To COVID-19 Pandemic

7 Transit Startup Via Raises $200M In EXOR-Led Series E, Reaches $2.25B Valuation

8 SoftBank-backed farming startup Plenty in talks to raise $100m

9 Online Learning Startup Preply Raises $10M For Online Language Learning Platform, Sees Big Spike In Demand

10 Air Doctor scores $7.8M to connect travellers with local doctors

11 Japan’s AI tech company AISing bags $6.5m in Series B round

Image Credits: TechCrunch