Chinaccelerator Daily Digest 2020/04/01

CHINA:

1. Huawei steps up ambitions in self-driving vehicles race

2. Alibaba Plans to Buy 10% Stake in Chinese Courier Yunda韵达

3. Meituan美团 reports solid Q4 but expects gloomy outlook for 2020

5. Evergrande Health reports widening losses but maintains optimism and prepares launch of first EV

6. Xiaomi-owned AirStar Bank Launches Pilot Trial of Virtual Banking Service in Hong Kong

7. Hongkong-based Livestreaming platform Inke posts revenue decline despite efforts to regain lost lustre

8. Despite COVID-19, ride-sharing aggregator Via raises at USD 2.3 billion valuation

9. Pinduoduo拼多多 plans USD 1.1 billion private placement for long-term investors

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MOBILE-ONLY MARKETS:

1. Southeast Asian logistics startup Inteluck raises over $5m from MindWorks, Lalamove

2. Singapore’s Doctor Anywhere raises USD 27 million, eyeing expansion to Malaysia and the Philippines

3. Singapore’s fintech startup MatchMove to buy strategic stake in Shopmatic

4. Indian beauty e-tailer Nykaa raises $13.3m, suspends ops due to lockdown

5. Indonesia’s mom and baby B2C e-commerce platform Orami sets sights on becoming the first parenting super app

6. Indonesian startups ProSpark, Webtrace raise funding to expand ops

7. Vietnam’s health-tech startup eDoctor raises funding from Japanese, S Korean VCs

8. Myanmar’s e-commerce startup Ezay raises $200k from Seiji Kurokoshi

CROSS-BORDER:

1. New York-based investment firm Tiger Global becomes stakeholder in Bytedance, joining SoftBank and Sequoia

2. Chinese medtech platforms tap overseas market with bilingual services during coronavirus outbreak

3. Chinese state-backed investment fund CNIC Corp eyes stake in Indian renewable firm Greenko Group

OVERSEAS:

1. Algorithmic Justice League protests bias voice AI and media coverage

2. Apple buys popular weather app Dark Sky and plans to shut down Android versions

3. Niantic squares up against Apple and Facebook with acquisition of AR startup 6D.ai

4. Snapchat preempts clones, syndicates Stories to other apps

5. YouTube spinout PlanetScale Iaunches Kubernetes-based multi-cloud database to accelerate scaling

6. Family-friendly Spotify Kids app launches in the U.S., Canada and France

7. Xerox, which sells print and digital document products and services, ends its hostile takeover bid for HP

8. DeepMind’s Agent57 beats humans at 57 classic Atari games

9. Babylon Health claims its AI accurately triages patients in 85% of cases

10. America-based Warburg-backed ESR to invest $215m in Greater Tokyo logistics facility

11. New York-based company Axonius nabs $58M for its cybersecurity-focused network asset management platform

12. VR workplace training startup Strivr lands $30 million Series B

13. Dining and takeout startup Allset raises $8.25M as it adapts to life under lockdown

14. French startup Qarnot raises $6.5 million for its computer servers that heat buildings

Image Credits: KrAsia