Chinaccelerator Daily Digest 2020/04/22

CHINA:

1 Baidu Research Launches New AI Tool Creating Videos from URLs

2 Tencent-backed Livestreaming Platform Douyu 斗鱼 Helps Revive Sales of Hubei Products, through a 4-day e-commerce livestreaming campaign

3 Tencent Rolls Out Updated Anti-Addiction System to 21 More Mobile Titles

4 Huawei, China’s mobile carriers bring 5G communications to Mount Everest

5 Huawei reports meagre revenue growth in first quarter as coronavirus, US sanctions take a toll

6 HK-based financial services platform SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities

7 Alibaba-backed SaaS developer Raycloud 光云 seeks to raise $61m in STAR Market

8 VC-backed biotech company New Horizon Health 诺辉健康 snags over $20m

9 Innovative camera provider Insta360 影石 raises over $10m in Series D

10 FPGA based  image processing accelerator CTAccel 联捷科技 completed new round in Series A+

Check out our latest podcast here

Check out our latest blog post here

Subscribe to Daily Digest Newsletter here

MOBILE-ONLY MARKETS:

1 Indian online food platform Swiggy to lay off 500 people from cloud kitchens amid virus outbreak

2 Indian fintech platform YAP raises $4.5m led by SG-based VC firm BEENEXT

CROSS-BORDER:

1 Alphabet’s Loon deploys internet connectivity balloons to Kenya for first commercial service launch

2 Facebook agreed to censor posts after Vietnam turned off local servers

3 Facebook looks to partner with Indonesia’s e-payment platforms to improve financial services

4 Facebook announces $5.7b investment in India’s Reliance Jio

5 Activist investor ValueAct builds over $1.1b stake in Nintendo

6 Equinix, Singapore fund GIC ink $1b JV to invest in data centres in Japan

7 Indian fintech platform YAP raises $4.5m led by Singapore-based VC firm BEENEXT

8 Singapore-based PE firm Chartered Group, Israeli defence ministry jointly launch $500m tech fund

OVERSEAS:

1 Houston Methodist Tech Hub Creates Early Telemedicine Training Venue for COVID-19

2 AWS and Facebook launch an open-source model server for PyTorch

3 Apple expands App Store, Music, iCloud and other services to dozens of additional markets

4 Sonos launches Sonos Radio, a free streaming radio service including artist and genre stations

5 Netflix beats growth predictions with 15.77M net new subscribers

6 GM exits car-sharing business and shuts down Maven

7 Porsche to produce a cheaper version of its all-electric Taycan

8 Event-streaming tech startup Confluent Gets $250M In Series E Round To Reach $4.5B Valuation

9 London-based Blue Prism raises over $120 million to bolster its robotic process automation suite

10 ForgeRock Raises $93.5M For AI-Powered Digital Identity Management, Eyes IPO

11 Marketing data platform Adverity raises $30M Series C led by Sapphire Ventures

12 London’s Moshi Raises $12M To Grow Its Kids’ Audio Sleep & Mindfulness App

Image Credits: e27