Chinaccelerator Daily Digest 2020/05/29

CHINA:

1 Chinese gaming company NetEase to launch $2.5b Hong Kong listing

2 Tencent targets more console games as industry booms amid health crisis lockdowns and social distancing

4 Drone maker XAG 极飞 in drive to automate rice farming in China amid labour shortage, Covid-19

5 JD.com to Subscribe to GOME 国美 ’s $100 Million Convertible Bond

6 China’s Tecnon 太龙 plans to acquire two semiconductor firms for $105m

7 Legend Capital-backed test focused equipment provider Yanmade 燕麦科技 seeks to raise $99m in STAR Market

8 Chinese digital solutions provider DEEPEXI 滴普科技 secures $50m in Series A+ round

9 China Online healthcare platform HaoXQ M-Health bags $17m

10 China fintech firm hrfax.cn 惠瀜科技 raises $1.4m in Series A

11 AI-based decision optimization platform Kuaizi 筷子科技 raises $1.4m in Series A+

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MOBILE-ONLY MARKETS:

1 Vietnamese IT major FPT looks to lead tech rebound from coronavirus hit

2 Vietnam’s podcast platform Voiz FM snags seed funding from 500 Startups

3 Singapore medtech startup Endofotonics bags $8.5m Series B funding

4 Philippine salary-on-demand startup Advance secures seed funding

CROSS-BORDER:

1 Google and Microsoft reportedly considering stakes in telecom firms in India after Facebook deal

2 Alibaba pushes China’s social commerce model to the world, with influencer campaign on cross-border platform AliExpress

3 Abu Dhabi’s Mubadala said to be in talks to invest $1b in Reliance’s Jio Platforms

4 GGV Capital anchors $6m funding in Singapore AI firm Wiz.ai

5 Singapore-based AI firm Sentient.io raises in Series A from Japan’s Digital Garage Group and more, has raised more than $5 million to date

OVERSEAS:

1 Going to war with Twitter, Trump threatens critical social media legal protections

2 Former Microsoft AI chief Harry Shum to chair board of news aggregation start-up News Break

3 Amazon expands use of SNAP benefits for online grocery to 11 more states

4 SpaceX gets FAA permission to fly its Starship spacecraft prototype

5 YouTube introduces Video Chapters to make it easier to navigate longer videos

6 Meditation and mindfulness apps continue their surge amid pandemic

7 Vesta raises $125 million to fight payment fraud with AI

8 Cloud storage company Wasabi Raises $30M More To Take On Giants In Cloud Storage Space

9 Stackin’ raises $12.6M Series B to help millennials navigate the crowded fintech space

10 Latin American fintech startup Belvo scores $10M from Founders Fund and Kaszek to scale its API for financial services

11 Orbita raises $9 million to develop conversational AI for health care

12 Truthset raises $4.75M to help marketers score their data

13 Greyparrot bags $2.2M seed to scale its AI for waste management

14 Kippo raises $2 million for a dating app for gamers

Image Credits: Seeking Alpha