Chinaccelerator Daily Digest 2020/05/04

CHINA:

1. China to account for 44% of global robotics market (including drones) by 2024

2. The downloads of TikTok and Douyin hit 2billion globally.

3. Temasek-backed Chinese startup Rokid eyes opportunity to tackle COVID-19 with smart glasses

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MOBILE-ONLY MARKETS:

1. Indonesia’s Tokopedia probes alleged data leak of 91 million users

2. Indian education startup Byju’s is fundraising at a $10B valuation

3. Classplus raises $9M to grow its Shopify-like platform for teachers and coaching centers in India

4. Ninja Van, a leading ecommerce logistics company, raises at least $274m in new funding

CROSS-BORDER:

1. Tencent buys 5% stake in Australian buy-now-pay-later firm Afterpay

2. Tencent leads $9.4m funding in Indian self-publishing platform Pratilipi

3. Temasek co-lead US$100M investment in US biotech startup Pivot Bio

OVERSEAS:

1. For cloud giants, usage soars but tech investment delays hobble revenue growth

2. Tesla applies to become UK electricity provider

3. Tesla shares tank after Elon Musk tweets the stock price is ‘too high’

4. Intel to buy smart urban transit startup Moovit for $1B to boost its autonomous car division

5. Construction management software provider Procore Reportedly Pulls IPO, Raises $150M At $5B Valuation Instead

6. Artificial intelligence customer service startup ASAPP raised $185 million in Series B Round

7. Dascena, a machine-learning diagnostic algorithm company, secures $50M Series B to improve patient outcomes

8. Israeli startup Otonomo raises $46 million to expand its automotive data marketplace

9. Silicon Valley-based KlearNow raises $16 million to bring customs clearance industry into the digital age

10. Guilded raises $7 million for its competitive gaming-focused chat app

Image Credits: Reuters