Chinaccelerator Daily Digest 2020/05/14

CHINA:

1. Smartphone shipments in China up 17% in April, signalling likely rebound: government data

2. Tencent posts first-quarter beat as users turn to hit mobile games during coronavirus lockdown

3. Tencent Music Entertainment hits 55.5 million paying users in Q1, but profits decline

4. Pinduoduo surpasses e-commerce rival JD.com in market cap

5. Chinese internet giant Baidu invests US$70.5 million in live streaming amid coronavirus-led boom

6. Luckin Coffee fires CEO, COO amid fraud investigation

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MOBILE-ONLY MARKETS:

1. Singapore-based AI-powered data protection company Dathena raised $12M Series A to help with Microsoft co-sell partnership expansion

2. Singapore’s e-retailer IUIGA raises US$10M Series A led by Konimex for SEA expansion

3. Singapore-based Credit management startup AsiaCollect raises US$6M in Series A for expansion, rebrands as Flow

4. India surpasses China in fintech funding in Q1 2020

5. India-based Agtech startup Intello Labs raises $5.9m in series A round

6. Indonesian furniture marketplace Dekoruma closes pre-series C round

7. Kopi Kenangan, an Indonesian tech-enabled beverage retailer nets $109m in Sequoia-led series B round

8. Thai digital payments startup Digio banks $4m in series B funding

9. Philippines’s ride-hailing firm Angkas pivots to delivery service

CROSS-BORDER:

1. Colombia to look into TikTok’s treatment of children’s data

2. Intel Capital invests in Chinese chip companies PropPlus and Spectrum Materials amid tech tensions

3. Sequoia-backed Chinese delivery platform Dada Nexus files for IPO in the US

4. Taiwan-based live streaming company M17 raises $26.5 million Series D led by Vertex Growth

5. Singapore e-tailer Iuiga bags $7m to double down on Indonesia

OVERSEAS:

1. Trump extends U.S. telecom supply chain order aimed at Huawei, ZTE

2. Cisco’s quarterly revenue down 8% from last year, stock up on earnings beat

3. Sony braces for lowest profit in four years, hit broadly by coronavirus

4. Insurer Brit and Google Cloud to launch first digital Lloyd’s syndicate

5. Uber makes takeover offer for GrubHub

6. Nokia to collaborate with Microsoft in data centre software

7. Twilio tapped for Zocdoc’s expansion into telehealth video consultations

8. Rakuten acquires Innoeye for its push into 5G and communications services

9. VMware to acquire Kubernetes security startup Octarine and fold it into Carbon Black

10. Self-driving company Waymo banks another $750M 

11. Israeli cybersecurity company CyberArk snaps up identity startup Idaptive for $70M

12. SirionLabs raises $44M to scale its contract management software

13. Security Firm Semperis Raises $40M Series B Led By Insight Partners

14. Quizlet Secures $30M Series C To Further Develop Its Study Platform

15. Anyfin raises $30M Series B to let consumers refinance their existing loans

16. FortressIQ snags $30M Series B to streamline processes with AI-fueled data

17. Baby monitoring firm Nanit raises $21 million in private funds

18. UK’s ANNA raises $21M for its SMB-focused business account and tax app

19. Modulr raises £18.9M for its ‘Payments as a Service’

20. FalconX raises $17M to power its crypto trading service

21. Tock raises $10 million to help fancy restaurants do takeout

Image Credits: CNBC