Chinaccelerator Daily Digest 2020/04/14

CHINA:

1 One of China’s state-owned automotive conglomerates FAW Group 中国一汽 establishes AI company

2 Tencent 腾讯 Ranks First in Revenue Among Global App Providers in 2019

3 Meituan 美团点评 denies claim of high comissions, says over 80% of merchants’ comissions range from 10% to 20%

4 AutoX Launches China’s Largest Data Center for Autonomous Driving in Shanghai

5 Shenzhen Capital-backed fintech company Jindan 金丹 seeks to raise $91m in ChiNext IPO

6 AI-driven smart chat solution provider XiaoduoAI 小度 raises over $28m in Series B+

7 Beijing-headquartered space-tech solutions developer Space Pioneer 天兵科技 snags over $14m

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MOBILE-ONLY MARKETS:

1 Indian food delivery unicorn Zomato said to be in talks to buy Indian online grocery startup Grofers

2 Indonesia P2P Lending platform KoinWorks bags additional $20m investment from Triodos Bank, existing backers

3 Philippine live streaming app Kumu raises nearly $5m Series A led by Openspace Ventures

4 Indian digital therapeutics startup Wellthy Therapeutics raises $4m funding led by Saama Capital

CROSS-BORDER:

1 Google unveils Maps, Search and YouTube features in India to help people combat coronavirus

2 Former Uber exec raises $31M for his Jakarta-based logistics startup Kargo, announces relief fund to battle coronavirus

OVERSEAS:

1 Amazon to hire 75,000 more to address increased demand due to coronavirus crisis

2 Amazon puts new online grocery shoppers on a waitlist due to COVID-19

3 Google releases benchmark to spur development of multilingual AI models

4 500,000 Hacked Zoom Accounts Given Away For Free On The Dark Web

5 PayPal, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

6 Adam Neumann, Benchmark Unloaded $676.5M In WeWork Shares Before Failed IPO

7 Reddit announces updates, including a new subreddit, to increase political ad transparency

8 Players Ntwrk launches celebrity gaming channel backed by WME, Daylight and Stratton Sclavos

9 Data management company Cohesity raises US$250M in Series E funding led by DFJ Growth and others

10 New York-based edtech company Frank raises $5M more in its quest to get students max financial aid

11 Mighty Jaxx raises $3.2 million for MightyVerse, its platform for tech-enabled collectible figures

Image Credits: kickgadget