Chinaccelerator Daily Digest 2020/05/27

CHINA:

1 China accelerates plan to build 700 state-backed labs by end of this year amid push for self sufficiency in tech

2 Hangzhou proposes more expansive health code system

3 Tencent to invest US$70 billion in new digital infrastructure, backing Beijing’s economic stimulus efforts

4 JD.com Seeks Listing Hearing on Thursday, Expands List of Underwriter Banks

5 Chinese delivery firm Dada Nexus 达达 to kick off $500m US IPO this week

6 Chinese smart convenience store operator Bianlifeng 便利蜂 raises $100m in fresh round

7 Autonomous driving solutions provider IDRIVERPLUS 智行者科技 raises $1.4m in Series C1

8 AI and SaaS based retailing solutions provider DTbird 领鸟云 completed in new round

9 Developer of high-grade computing chips, SAIHEAT 赛热科技 completed in angel round

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MOBILE-ONLY MARKETS:

1 India’s Aster DM Healthcare ties up with LSV Capital to set up health tech incubator

2 Indian automobile classifieds portal CarDekho lays off 200 employees, slashes salaries for the rest

3 India’s Ola Financial Services said to have raised $26.6m from Matrix Partners, Falcon Edge

4 Indian automotive technology startup Euler Motors raises $2.67m as part of Series A funding

5 Antivirus Quick Heal invests in SG-based wireless technology startup Ray

CROSS-BORDER:

1 Tencent Becomes Largest Shareholder of Japanese Game Company Marvelous Inc

2 Tesla Lays the Roof of Its Model Y Production Facility in Shanghai

3 India auto components maker Endurance Technologies acquires Italian auto-parts maker Grimeca Srl

4 Reliance considers options for overseas listing of Jio Platforms

OVERSEAS:

1 A new Android bug, Strandhogg 2.0, lets malware pose as real apps and steal user data

2 Facebook’s AI convincingly inserts people into photos

3 Facebook launches CatchUp, an audio-only calling app that shows who’s ready to chat now

4 Facebook rebrands Libra wallet Calibra to Novi

5 Pinterest Pushes Into Online Grocery, letting Users Buy Ingredients on the Site

6 Spotify removes cap from users’ libraries, letting you save unlimited songs, albums and podcasts

7 SpaceX signs testing agreement with US Army for use of Starlink network

8 BlaBlaCar partners with scooter startup Voi to launch new BlaBla Ride app

9 France’s data protection watchdog reviews contact-tracing app StopCovid

10 Niantic’s latest AR features add realism to Pokémon Go

11 Preventing food waste nets Apeel $250 million from Singapore’s government, Oprah, and Katy Perry

12 Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation

13 Armed With Computer Vision And $80M Series C, Scandit Sees 2020 With 20-20

14 AI is more data-hungry than ever, and DefinedCrowd raises $50M B round to feed it

15 Marketing technology firm Bluecore raises $50M for its first-party, AI-based marketing automation tools

16 Cloud canteen startup Feedr has been acquired by Compass Group for about $24M

17 D-ID, the Israeli company that digitally de-identifies faces in videos and still images, raises $13.5 million

18 Alice&Bob raises $3.3 million to create the first fault-tolerant quantum computer

19 Spectrm raises $3M Series A from Runa Capital for its conversational marketing platform

20 Benepass raises $2.4 million to help employees get the most out of their tax-advantaged benefits

Image Credits: Caixin Global