Chinaccelerator Daily Digest 2020/04/02

CHINA:

1. China to extend NEV subsidies for two more years as sector eyes 30% growth

2. Xiaomi’s 2019 Transformation (veer away from a smartphone-centric development strategy and increase its investment in AIoT) Has Fared Well for the Company’s Top Line

3. Xiaomi says production almost back to normal, warns of overseas handset demand

4. Douyin抖音 is turning into a movie streaming platform

5. Meituan美团 faces challenge from Alipay on its home turf

6. Meituan reports solid Q4 but expects gloomy outlook for 2020

7. Nio is restructuring again in a quest for profits

8. Chinese EV battery maker Farasis seeks to raise $479m in STAR board listing

9. China’s industrial internet platform COSMOPlat raises $134m in Series A round

10. Chengdu-headquartered biotech firm HitGen eyes $118m in STAR Market IPO

Check out our latest podcast here

Check out our latest blog post here

Subscribe to Daily Digest Newsletter here

MOBILE-ONLY MARKETS:

1. VCs in Southeast Asia launch programs to support tech talent, startups

2. Singapore fintech firm MatchMove to aquire stake in ecommerce enabler Shopmatic

3. VC funding in Indian startups fell by 22% in Q1 2020

4. Mobile payments firms in India are now scrambling to make money

5. Indian company Juspay which operates a payments technology platform, raises $21.6m led by Sweden’s Vostok Emerging Finance

6. Indonesian COVID-19 emergency law eyes taxation of digital companies

7. Indonesian agritech firm TaniHub bags USD 17 million in Openspace Ventures led Series A+ round

8. Thailand warns food delivery apps against overcharging amid COVID-19 outbreak

CROSS-BORDER:

1. US and India-based Genetic diagnostics firm MedGenome has raised $55 million by LeapFrog Investments

2. Singapore government-linked funds have invested in US-based cell and gene therapy firm ElevateBio

3. An Israeli/U.K. startup Addionics creates ‘next-gen’ batteries for electric cars and more, raises $6M

4. Spain’s military uses DJI大疆 agricultural drones to spray disinfectant in fight against Covid-19

OVERSEAS:

1. Apple has a new agreement with Amazon that lets you rent movies through Prime Video on iPhone

2. Zoom faces security scrutiny

3. Cloud hosting company Scaleway launches managed Kubernetes clusters on Scaleway’s infrastructure.

4. Okta, the popular identity and access management service, launches Lifecycle Management Workflows to make building identity-centric processes easy

5. Uber Eats beefs up its grocery delivery offer as COVID-19 lockdowns continue

6. SoftBank beefs up investment team with ex-Goldman hire

7. SoftBank likely to abandon $3b deal with WeWork investors

8. Japanese AI startup Cogent Labs nets USD 13 million to expand in Asia

9. VR chair startup Roto VR raises funds, as pandemic boosts prospects for VR and gaming

10. Notion, a startup that operates a workplace productivity platform, hits $2 billion valuation in new raise

11. Olive, a startup developing an automation tool for healthcare administration, raises $51 million

12. London-based Pre-school edtech startup Lingumi raises £4m, adds some free services during COVID-19

Image Credits: Pandaily