Chinaccelerator Daily Digest 2020/05/28

CHINA:

1 TikTok-owner ByteDance said to have hit US$3 billion in net profit last year, showing brisk growth

2 JD and Kuaishou 快手 Likely to Team up for 618 on e-commerce livestreaming

3 Alipay Sets up Independent Search Department Headed by Taobao Veteran Yuan Huaibin

4 China’s Baidu finishes building ‘world’s largest’ test ground for autonomous vehicle, smart driving systems

5 NetEase and JD.com Set for Secondary Listings in Hong Kong

6 Tencent-backed Game Livestreamer Douyu 斗鱼 Posts Strong Revenue Growth in Q1 As Lockdowns Stimulate Users to Pay

7 Internet and SaaS based background check platform iBeiDiao i背调 raises $1.4m in Series B2, led by Legend Capital

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MOBILE-ONLY MARKETS:

1 Singapore tops up startup funding scheme to boost tech investments amid virus crisis

2 Singapore’s fintech startup GoBear nets $17m from existing investors

3 Singapore-based AI-empowered data platform Sentient.io secures Series A funding led by Digital Garage Group

4 Indonesia’s Ideosource-owned Gayo Capital seeks to raise $10m venture debt vehicle

5 Indonesian startup Delman raises $1.6 million to help companies clean up data

6 Indonesia-based big data analytics firm Bonza bags funding from East Ventures

7 India’s contact tracing app Aarogya Setu is going open source

8 Indian co-working space operator Awfis raises $5.3m in fresh funding

9 Indian healthtech startup Remedo bags pre-Series A funding

CROSS-BORDER:

1 Google removes millions of negative TikTok reviews amid backlash in India

2 Apple begins offering Macs with custom configurations in India

3 Microsoft said to be in talks to invest $2b in RIL’s Jio Platforms

4 Volkswagen is in final talks to pay US$491 million for an electric carmaker in Anhui, sealing its biggest acquisition in China

5 Sequoia, CICC Capital Pour $265M Into BYD 比亚迪 Semiconductor

6 Malaysia’s Xeraya Capital joins $120m round for US-based Rapid Micro Biosystems

7 UK-based AI chatbot Babylon Health leads a $30M Series B in US health kiosk operator, Higi

OVERSEAS:

1 5G, AI, cybersecurity and renewable energy set for investment boost under EU coronavirus recovery plan

2 Fintech regulations in Latin America could fuel growth or freeze out startups

3 Appeals court rules in favor of Google, Apple, Facebook and Twitter in anti-conservative bias suit

4 SpaceX’s first astronaut launch is scrubbed due to weather – next attempt set for Saturday 

5 Amazon said to be in advanced talks to buy self-driving startup Zoox

6 Facebook launches Collab, a mix-and-match app for making collaborative music videos

7 Docker expands relationship with Microsoft to ease developer experience across platforms

8 Walmart partners with fashion consignment marketplace thredUP

9 Aircall raises $65 million for its cloud-based phone system

10 Enterprise home automation startup Scottsdale’s SmartRent Lands $60M Series C

11 Q32 Bio Comes Online With $46M Series A To Develop Immunity Therapeutics

12 Kentik raises $23.5M for its network intelligence platform

13 Fernish Lands $15M In Khosla-Led Series A For Furniture Rental Platform

14 MUFG Capital backs $6m funding in Japanese plant-based meat producer Daiz

15 RudderStack raises $5M seed round for its open-source Segment competitor

16 Census raises $4.3M seed to put product info in cloud data warehouses to work

17 Toro snags $4M seed investment to monitor data quality

Image Credits: SCMP