Chinaccelerator Daily Digest 2020/06/03

CHINA:

1. China unveils plan to make Hainan a free trade hub like Hong Kong, Singapore as risks of US decoupling loom

2. China online travel market down 55.8% in Q1 2020

3. China’s largest chipmaker SMIC to raise $2.8 billion in listing to boost capabilities amid trade war

4. Alibaba’s e-commerce platform AliExpress launched influencer program

5. Bilibili Launches Satellite to Inspire Interest in Science Among Chinese Youth

6. Geely’s Polestar plans China showroom expansion to compete with Tesla

7. Xiaomi boss Lei Jun revealed his company has started pre-research work for 6G

8. Baidu’s smart home ambitions gets boost via tie-up with Midea, one of China’s largest appliance makers

9. AI-based retail intelligence solution provider Yunna Technology 云拿科技 raised Series A+, led by Cathay Innovation

10. Ecommerce SaaS ERP service provider Jushuitan 聚水潭 raised US$100million in Series C

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MOBILE-ONLY MARKETS:

1. India launches $6.7 billion plan to boost electronics manufacturing

2. Anthill Ventures, others invest US$1M in Indian travel-tech startup QuaQua

3. India’s logistics company LetsTransport raises US$1.3M from Blacksoil

4. Sequoia-backed BankBazaar bags $6m to build out contactless financing capabilities

5. Malaysian Insurtech company PolicyStreet raises US$1.8M from KK Fund, Spiral Ventures to grow its millennial-centred insurance platform

CROSS-BORDER:

1. WhatsApp, Paypal invest in Indonesian payment and ride-hailing firm Gojek

2. China-owned mobile gaming company Playtika hires banks for $1 billion U.S. IPO

3. Singtel Innov8, others invest US$52M in American security platform Synack

4. Bytedance To Launch Second Corporate Entity In India

5. Tencent Continues Europe Deal Spree With $260 Million Investment in Czech Game Studio

OVERSEAS:

1. Google faces $5 billion lawsuit in U.S. for tracking ‘private’ internet use

2. OurCrowd, the Israeli crowdfunding venture investment platform, launches $100M Pandemic Innovation Fund

3. Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year

4. Lyft reports 26% growth in rides for May as states begin to reopen, but the worst is far from over

5. Volkswagen closes $2.6 billion investment in self-driving start-up Argo AI

6. Samsung to add new memory chip line in South Korea as COVID-19 boosts demand

7. Used car marketplace Vroom Sets Price Range Of $15 To $17 For IPO

8. Locus Robotics raises another $40M as retailers increasingly look to automate

9. Zigazoo launches to be a ‘TikTok’ for kids, surpasses 100,000 uploads and downloads

10. Appway Raises $37M In First Fundraise For Customer-Focused Financial Tools

11. Dental Startup Overjet Raises $7.85M Seed Round

12. Vara Raises $7M Series A To Expand Breast Cancer Software

13. Japanese restaurant discovery app SynchroLife that rewards users with cryptocurrency scoops up $2.6m

Image Credits: SCMP