Chinaccelerator Daily Digest 2020/05/01

CHINA:

1. China’s smartphone sales decline 22 per cent in first quarter, only Huawei bucks the trend

2. Rivalry with Baidu Escalates as ByteDance 字节跳动 Launches Beta Version of Its Wikipedia-like Search Site Baike.com 头条百科 

3. TikTok-owner ByteDance eyes expansion in online education with help of AI dragon ‘tutor’

4. Alibaba tightens its grip on China’s logistics sector with 2% stake in Yunda 韵达

5. Cybersecurity-focused AI solutions developer Marknum Technology 码牛科技 nets over $14m in series B round

6. Luckin blames internal investigation and COVID-19 as reasons for missing annual report deadline

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MOBILE-ONLY MARKETS:

1. African fintech firm Flutterwave launches SME e-commerce portal

2. Index and Credo lead a $2.75M seed in anti-fraud tech, Prague based–Resistant AI

3. Vietnamese staffing platform Tiki for blue-collar workers shifts gears to weather Covid-19

4. Singapore’s DBS bank posts 29% fall in first-quarter net profit; shares jump 4%

CROSS-BORDER:

1. Tesla to Reduce Price of Model 3 in China to Re-qualify for State Subsides

2. Google gives $2.3M to 18 news organizations in Asia Pacific

3. Chinese food cold-chain logistics platform Minima Technology raises funding from Japanese Sumitomo Group

4. Indian startup lobby seeks exemption from Chinese FDI curbs

OVERSEAS:

1. Player Spending in Overseas Markets Powers 37 Interactive Entertainment’s Q1 Growth

2. Apple CEO Tim Cook says company saw an ‘uptick across the board’ in late April thanks to stimulus and work from home

3. Apple now has $192.8 billion in cash on hand, down from last quarter

4. Microsoft will narrow its focus to software developers at this year’s virtual Build conference

5. The cloud arm of Amazon– AWS hits $10B for the quarter putting it on a $40B run rate

6. Twitter Q1: sales up 3% to $808M as it swigs to a loss on COVID-19, mDAUS hit record 166M

7. Dribbble, a bootstrapped ‘LinkedIn’ for designers, acquires Creative Market, grows to 12M users

8. Zoom walks back claims it has 300 million daily active users

9. Walmart is piloting a pricier 2-hour ‘Express’ grocery delivery service

10. WeWork Lays Off Staff As Part of A ‘Realignment’

11. Agtech Startup Pivot Bio Lands $100M to scale its microbial nitrogen technology

12. Design platform Figma raises $50 million Series D led by Andreessen Horowitz

13. Material Bank, a logistics platform for sourcing architectural and design samples, raises $28M

14. Smart home startup Josh.ai raises $11 million to offer a home assistant alternative to Alexa

15. Plantible raises $4.6 million seed round for an egg white replacement that isn’t aquafaba

Image Credits: TechCrunch