Chinaccelerator Daily Digest 2020/04/03

CHINA:

1 Electric vehicle subsides in China extended to 2022

2 Baidu to issue $1 billion debt offering after the fallout from COVID-19

3 Douyin is suspending Cantonese speakers on its livestreaming app to comply with China’s strict online content regulations

4 58.com receives buyout proposal from private equity firm Ocean Link 欧翎投资

5 Chinese AI Unicorn 4Paradigm 第四范式 Raises $230M at Nearly $2B Post-Money Valuation

6 Beijing-based ForwardX Robotics secures RMB 100 million in Series B+ round

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MOBILE-ONLY MARKETS:

1 Alibaba’s Lazada briefly suspends new Singapore grocery orders

2 TNB Aura to invest USD 2 million in each startup hit by COVID-19 crisis

3 Indian foodtech unicorn Zomato starts online grocery delivery services

4. Indian Edtech startup Camp K12 raises USD 4 million in seed round

5 Singapore B2B e-learning platform raises funds in Agaeti-led round

CROSS-BORDER:

1 UN will use Tencent’s Zoom challenger for digital event

2 Google to shut down its India-focused Q&A app Neighbourly

3 Tesla Speeds up Phase 2 of Shanghai Gigafactory

4 Video streaming platform Disney+ to launch on April 3 in India as demand for entertainment services increase amid lockdown

5 Ant Financial 蚂蚁金服 and US-based Asset Manager Vanguard launch robo-advisor on Alipay

6 Binance’s purchase of CoinMarketCap.com raises eyebrows

7 Japan’s Itochu leads $15m funding in US-based online construction equipment rental marketplace BigRentz

8 Intel Capital leads $14m Series B round in Ningbo-headquartered biotech company KFBIO

9 BIT, parent of Myanmar’s e-book store Wun Zinn, nets “7-figure USD” Series B funding, led by Japan’s Kyuu Roku

OVERSEAS:

1 FCC enacts $200M telehealth initiative to ease COVID-19 burden on hospitals

2 NASA and SpaceX add some retro flair to the Falcon 9 rocket flying the first crewed Dragon launch

3 Zoom freezes feature development to fix security and privacy issues

4 Facebook Messenger launches Mac & Windows apps

5 Tesla delivers 88,400 electric vehicles, beating expectations

6 Pinterest CEO and a team of leading scientists launch a self-reporting COVID-19 tracking app

7 Ikea acquires AI imaging startup Geomagical Labs to supercharge room visualisations

8 Mayo Clinic starts using autonomous vehicles to deliver coronavirus tests and medical supplies

9 Digital Lending Startup Better.com Hiring ‘Aggressively’ As More People Refinance

10 Boston-based biotech incubator and holding company Flagship Pioneering raises $1.1 billion to spend on sustainability and health-focused biotech

11 Legend Biotech raises $150.5m in equity financing at $1.95b valuation

12 ARCH Venture Partners raises $1.46 billion across two funds for biotech investing

13 Data intelligence company Collibra nabs another $112.5M at a $2.3B valuation for its big data management platform

14 Phantom AI raises $22 million to develop ADAS products

15 Lightheart Entertainment raises $1.4 million for ‘hyper core’ mobile gaming

Image Credits: Forbes