Chinaccelerator Daily Digest 2020/05/20

CHINA:

1 Nasdaq readies to delist Luckin Coffee, China’s answer to Starbucks, after fabricated transactions scandal

2 China’s EV Maker Xpeng 小鹏汽车 Receives License for its Factory

3 Tencent hires big names including Ken-Ichiro Imaizumi and Scott Warner in blockbuster game push

4 Chinese tutoring provider GSX 跟谁学 denies claims its online students are bots as Muddy Waters joins stock attack

5 VC-backed big data service provider Sensors Data 神策数据 nets $30m in Series C+ round

6 Smart customer service developer Sobot 智齿科技 bags $29.5m led by Yonyou 用友

7 TikTok parent ByteDance leads $6M round in financial AI startup Lingxi 零犀科技

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MOBILE-ONLY MARKETS:

1 Gojek partners Deliveroo, two others to support delivery service in Singapore

2 Booking Holdings-owned Asian online travel agency Agoda cuts 1,500 jobs

3 Indonesian edtech startup Ruangguru denies receiving US$256M from state-run programme; Fore Coffee dismisses closure rumours

4 India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online

CROSS-BORDER:

1 China to revive IPOs in London to hedge against Wall St’s growing hostility, amid options aplenty for capital-hungry firms

2 Uber to move Asia-Pacific HQ out of S’pore as virus impact worsens

3 Disney streaming exec Kevin Mayer becomes TikTok’s new CEO

4 Polestar to open first US stores in the second half of 2020

5 Taiwan’s Cathay Life commits $100m to Silver Lake’s sixth buyout fund

6 Indonesian logistics startup Shipper said to have raised up to $20m from Naspers, others

OVERSEAS:

1 Berlin’s IFA tech conference will go ahead in-person this September — with caveats

2 Microsoft builds supercomputer for OpenAI to help train massive AI models

3 Microsoft acquires robotic process automation platform Softomotive

4 Microsoft launches Azure Synapse Link to help enterprises get faster insights from their data

5 Online Used Car Retailer Vroom Files For IPO Right After Furloughing One-Third Of Staff

6 Facebook, YouTube, Netflix and more get eye-tracking apps from Tobii

7 Autonomous retail startup Standard Cognition acquires competitor Checkout Technologies

8 Sony set to take full control of listed financial services arm for $3.7b

9 SaaS platform Contentsquare Lands $190M Series D Led By BlackRock

10 B2B financial products Brex brings on $150M in new cash in case of an ‘extended recession’

11 Dublin-based end-to-end travel technology solutionCarTrawler Takes In $109M As TowerBrook Takes Over Majority Ownership

12 Pfizer, Adage Help Extend biotech company Amplyx’s Series C To $90M

13 Cybersecurity Confluera Gets $20M Series B, Plans To Double Workforce

14 Software and robotics company Arculus raises $20M to upgrade assembly lines with its ‘modular production platform’

15 Montana’s digital fitness platform Big Sky Health Raises $8M For Fasting App In Greycroft-Led Series A

16 Command E raises $4.3 million to build the ultimate cross-app search tool

Image Credits: TyN Magazine