Chinaccelerator Daily Digest 2020/05/22

CHINA:

1 Chinese search engine giant Baidu mulls leaving Nasdaq for market closer home to boost valuation, amid US-China tension

2 Xiaomi Smartphone Demand Rebounds, Q1 Revenue and Profit Beat Estimates

3 Bytedance Valuation in Private Markets Exceeds $100 Billion

4 Bytedance Acquires Online Medical Encyclopedia Baike Mingyi 百科名医

5 Online food selling platform Miss Fresh 每日优鲜 completed in new round, with valuation exceeds $3 billion

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MOBILE-ONLY MARKETS:

1 Vietnamese e-commerce firms Tiki, Sendo said to have agreed on merger

2 Indian insurtech firm Riskcovry bags pre-Series-A funding

3 Singapore-listed real estate firm CapitaLand launches e-commerce platform, eCapitaMall and Capita3Eats

4 Singapore’s e-commerce player Shopee parent Sea Group prices $1b convertible notes at 2.375%

5 Southeast Asian ride-hailer TADA announces extended Series A funding

CROSS-BORDER:

1 US House Republicans press TikTok on use of kids’ data, ties to Beijing

2 Facebook rolls out feature to help women in India easily lock their accounts

3 Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers

4 Amazon launches food delivery service in India

5 KKR to invest $1.5 billion in India’s Reliance Jio Platforms

6 Singapore-based deep tech-focused VC Vickers Venture in talks to rope in South Korean FoF manager as LP for $500m fund

7 Singapore’s GIC leads $50m funding in San Francisco-based user behaviour tracker Amplitude Analytics

8 Indian digital ledger provider Khatabook secures US$60M Series B funding led by Facebook’s cofounder, Eduardo Saverin’s VC firm

OVERSEAS:

1 Spotify will let employees work from home through the end of year

2 Netflix to start cancelling inactive customers’ subscriptions

3 Samsung Electronics starts work on sixth chip-making line, to take on bigger rival TSMC

4 Fitbit launches a COVID-19 early detection study, and you can join from the Fitbit app

5 Personal finance tracker Copilot adds support for Apple Card spreadsheet imports

6 Virtual retinal display provider Magic Leap has apparently raised another $350 million, in spite of itself

7 Aspiration, the LA-based fintech focused on conscious consumerism, raises $135 million

8 Insurtech company States Title Secures $123M Series C For Faster Mortgage Closings

9 NoSQL cloud databaseCouchbase raises $105M Series G funding round

10 With an ex-Uber exec as its new CEO, digital mental health service Mindstrong raises $100 million

11 Ecwid Lands $42M To Boost E-Commerce Solutions For Small Businesses

12 Chief Raises $15M To Expand Network For Women Leaders

13 Virtual events startup Run The World just nabbed $10.8 million from a16z and Founders Fund

14 VergeSense, An AI-Powered Workplace Sensor Provider, Lands $9M In Funding

15 Skyflow raises $7.5M to build its privacy API business

16 Automattic pumps $4.6M into New Vector to help grow Matrix, an open, decentralized comms ecosystem

Image Credits: Bangalore Mirror