Chinaccelerator Daily Digest 2020/05/21

CHINA:

1 China has new US$1.4 trillion plan to seize the world’s tech crown from the US

2 China’s highest court supports refund for kids’ excessive spending on games, live-streaming apps

3 Alibaba to invest US$1.4 billion to build ecosystem around its Tmall Genie smart speaker

4 TikTok-owner ByteDance said to surpass US$100 billion in private market value

5 NetEase First Quarter Revenue Beats Expectations, Posts $502 Million Net Income

6 Didi starts hiring van drivers for new cargo service

7 Weibo monthly active users grew to 550 million in Q1 2020

8 JD.com Could Accelerate Secondary Listing Preparations after Positive Q1 2020 Report

9 China Everbright-backed internet-focused ad company Three’s Company eyes $147m in Shanghai IPO

10 China’s data security giant Mei Chuang 美创科技 raises $21m in new round

11 Harvest invests $14m in China’s media technology startup Xi Ping Technology 喜屏科技, formally known as Bianyu Technology  变衣科技

12 China’s foodtech company Zhaoshicai 找食材 raises $11m

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MOBILE-ONLY MARKETS:

1 Singapore’s Solubots unveils self-cleansing disinfecting robots

2 Sirius Ventures leads seed funding in Singapore fintech firm ShuttleOne

3 Indian Twitter-backed social media startup ShareChat lays off 25% staff

4 Indian SME-focussed fintech startup Khatabook raises $60m in Series B round

5 Vietnam’s accounting automation services provider Bizzi.vn raises funding from 500 Startups

CROSS-BORDER:

1 Senate passes bill to delist Chinese companies from exchanges

2 Tesla to Begin Production of Model Y in Shanghai in Q1 2021

3 China’s Geek+ brings warehouse robots to US via Conveyco partnership

OVERSEAS:

1 Facebook and Instagram roll out Shops, turning business profiles into storefronts

2 Microsoft launches Lists, a new Airtable-like app for Microsoft 365

3 Former Stitch Fix COO Julie Bornstein just took the wraps off her app-only e-commerce startup, The Yes

4 Apple and Google’s contact tracing API is finally live

5 Tesla drops lawsuit against Alameda County over Fremont factory reopening

6 MasterClass just raised $100 million for celebrity-fueled content

7 Coalition Secures $90M Series C At $890M Valuation To Grow Cyber Insurance Platform

8 BetterCloud scores $75M Series F as SaaS management needs grow

9 Online enterprise learning platform GO1 lands more than $40m in Series C round led by Madrona Venture, SEEK

10 Identity management startup Truework raises $30M, led by Activant Capital

11 US biotech firm Zentalis raises $20m Series A funding for new joint venture firm Zentera Therapeutics

12 Navenio raises $11 million to bring indoor mapping and localization to hospitals

13 Paris’ open source content management system startup Strapi Lands $10M Series A To Expand Team Globally

14 As Demand For Its 401-K Offering Surges, Human Interest Adds $10M Extension To Series C

15 Autonomous aviation startup Xwing raises $10M to scale its software for pilotless flights

16 Kenya’s Apollo Agriculture, which provides mobile-based products for farmers, raises $6M Series A led by Anthemis

Image Credits: Yahoo Finance