Chinaccelerator Daily Digest 2020/06/05

CHINA:

1. China digital entertainment market grew over 10% in Q1 2020

2. Hainan FTZ master plan counts on blockchain

3. Baidu’s self-driving car business has gone seven years without making money; it says it’s ready to stick with it for seven more

4. Kingsoft Cloud books USD 1.2 billion in Q1 revenue

5. Qutoutiao 趣头条 Q1 Revenue Grows, Ads Contributes the Most Thanks to COVID-19

6. Chinese start-up Everest Medicines raises US$310 million in Series C round to fund development of drugs pipeline

7. Consumer finance platform Qudian 趣店 invests USD 100 million in luxury e-commerce firm Secoo

8. Geely’s EV rental platform Xiaolinggou locks down USD 96.6 million in Series A

9. DT Capital Partners Invests In Chinese AI Solution Provider Shenqing Technology 深擎科技

10. Internet Medical Platform Aihui Health 爱汇健康 Completes Series B Round

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MOBILE-ONLY MARKETS:

1. Abu Dhabi’s Mubadala to invest $1.2 billion in Reliance’s Jio Platforms

2. Vertex Ventures Invest US$5M In India-Based Fertility Platform IVF Access

3. Indian healthtech startups DocsApp, MediBuddy merge, raise $20m jointly

4. Grab to double down on GrabMart as Covid-19 boosts deliveries

5. Saudi food delivery startup Jahez raises USD 36 million in country’s largest VC deal

6. Indonesia’s Gojek in talks to spin off video streaming unit

CROSS-BORDER:

1. Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel

2. Taiwan eyes $1.3 billion in foreign tech investment under new scheme

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

4. Bytedance gradually to close down the overseas news app TopBuzz

5. Edtech startup LingoAce nets $7m from Shunwei for Southeast Asia expansion

OVERSEAS:

1. Mercato Partners Unveils $90M Fund To Invest In Profitable Restaurant Concepts

2. Facebook adds labels identifying state-controlled media

3. Amwell confidentially files for IPO amid surging demand for remote health care

4. OTTO Motors raises $29M to fill factories with autonomous delivery robots

5. Nanox Lands $20M Investment To Democratize Medical Imaging

6. Anti-phishing startup Inky raises $20M to ramp up enterprise adoption

7. Sourcing software provider Keelvar raises $18M from Elephant and Mosaic

8. Bryter raises $16M for a no-code platform for non-technical people to build enterprise automation apps

9. Data discovery and privacy startup 1touch raises USD 14 million

10. Searchable.ai nabs additional $4M seed to continue building AI-driven search

11. Ethena raises $2 million in seed funding for smarter anti-harassment software

Image Credits: South China Morning Post