Chinaccelerator Daily Digest 2020/05/06

CHINA:

1. China Has 198,000 5G Base Stations by March

2. Chinese tech firm NetEase eyes Hong Kong secondary listing

3. Chinese designer toy brand Pop Mart nets over $100m ahead of HK IPO

4 .Jack Ma’s online platform MYbank plans $282b crisis lending spree

5. Pharmaceutic company Immunophage Biotech Gets $14M In Pre-A Round

Check out our latest podcast here

Check out our latest blog post here

Subscribe to Daily Digest Newsletter here

MOBILE-ONLY MARKETS:

1. Mobile POS startup Cashlez goes public in Indonesia as it eyes expansion

2. Indonesia’s B2B FMCG marketplace GudangAda raises $25.4m from Sequoia, Alpha JWC, Wavemaker

3. Singapore biotech firm RWDC bags $133m in series B money

4. Indian consumer startups see surge in sales as bigger peers struggle

5. Indian B2B edtech platform Classplus bags $9m in series A funding

CROSS-BORDER:

1. Uber Eats exits Saudi Arabia and Egypt, transfers business to Careem Now in UAE

OVERSEAS:

1. Airbnb to Cut 25% of Work Force

2. Disney says it now has 54.5 million Disney+ subscribers

3. Fox News Media ties-up with Spotify to distribute podcasts

4. Lenovo launches new server platform with AMD data center chips

5. Microsoft to invest $1 billion in Polish cloud project

6. Uber and Lyft face worker misclassification lawsuit from California Attorney General and city attorneys

7. Virgin Galactic is partnering with NASA to develop supersonic point-to-point air travel

8. Sinch, a Swedish cloud voice, video and messaging company,  acquires SAP’s Digital Interconnect messaging business for $250M

9. Back Market Raises $120M To Expand Refurbished Electronics Platform 

10. Peter Thiel-backed digital bank N26 raises another $100 million, bracing for coronavirus uncertainty

11. Cockroach Labs, which helps companies move and manage transactional data to the cloud, raises $86.6M Series D

12. Zeitgold raises $29.2M to automate bookkeeping

13. Omilia raises $20M to use conversational AI for customer support

14. Israeli cloud security startup Orca Security raises $20 million

15. Social network for women Peanut raises $12M Series A amid pandemic

16. Canada’s Tehama Raises $10M Series A For Virtual Workforce Deployment Platform

17. Treasury Prime Secures $9M Series A To Help Power Banks

18. Postal.io emerges from stealth with $9M Series A to launch its direct mail platform for sales and marketing teams

19. First Dollar raises $5 million for a consumer-friendly healthcare savings account

20. Sleuth raises $3M Seed to bring order to continuous deployment

Image Credits: CNBC