Chinaccelerator Daily Digest 2020/06/04

CHINA:

1. Netflix-style service iQiyi ordered to pay a subscriber US$210 for levying more fees to watch a Chinese drama series

2. Tencent-backed WeDoctor makes IPO appointment in Hong Kong and writes prescription for digital health care post-pandemic

3. Managed Cloud Firm Bespin Global Secures $74M In Series C Round

4. Data protection firm Aishu 爱数 raises USD 35.2 million amid China’s push to build new digital infrastructure

5. Business intelligence and enterprise service platform Shangye Xinzhi 商业新知 raised 20million RMB in Series Pre-A.

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MOBILE-ONLY MARKETS:

1. Singapore startup Intelllex bags $2.1m from Quest, Reuters, Insignia, others

2. Singapore startup Smove exits car-sharing market, now under liquidation

3. Logistics startup Moovaz acquires SPH’s The Finder

4. Grab launches digital payments card in the Philippines

5. Indian online auto classifieds platform CarTrade said to be raising $42.8m in Series H Round

6. India-based healthcare startup IVF Access raises $5m from Vertex Ventures

CROSS-BORDER:

1. Jakarta-based Kejora Capital and Tokyo-based SBI Holdings launch USD 30 million fund

2. SoftBank leads funding round in Brazilian data company Cortex

3. Google and Walmart’s PhonePe establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

4. Facebook strikes global licensing deal with Indian music label Saregama

5. Facebook sets up new entity to acquire stake in Reliance’s Jio Platform

6. Alibaba Reportedly Shutdowns Overseas Platform UC News to Shrink Content Globalization Strategy

OVERSEAS:

1. Global smartphone shipments to fall 12% this year on virus woes: IDC

2. UK in 5G talks with suppliers from Japan, South Korea

3. Japan to look at building a common infrastructure for digital payments

4. SoftBank put together a $100 million investment fund for minority-owned businesses in 24 hours

5. Andreessen Horowitz launches $2.2M fund to invest in underserved founders

6. Israel’s Team8 launches VC fund to invest in AI, cybersecurity

7. Google takes down Indian app that removed Chinese ones

8. ZoomInfo prices IPO above target in 2020’s largest tech listing so far: sources

9. Snapchat removes Trump account from curated promotional section

10. NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools

11. Varo’s $241M Series D Puts Fintech On Track To Becoming National Bank

12. Lili raises $10M for its freelancer banking app

13. Anvil Secures $5M Series A To Make Traditional Paperwork A Thing Of The Past

14. Decentralized identity management platform Magic launches from stealth with $4M

Image Credits: SCMP