Chinaccelerator Daily Digest 2020/06/09

CHINA:

1. Mainland companies account for almost 80% of Hong Kong Stock Exchange market cap

2. Alibaba says cloud unit to recruit 5,000 staff globally this financial year

3. Trip.com launches VC firm to deepen travel industry investments

4. Short Video Platform Kuaishou to Set up Major Data Center in Inner Mongolia

5. Ant Group Spins Off Database Service OceanBase as Independent Company

6. ByteDance Launches Audiobook App “Fanqie Cahngting 番茄畅听” with AI Narrators

7. Chinese ride-hailing giant Didi Chuxing turns to on-demand trucking

8. Chinese chip maker ESWIN nets $283m in Series B round led by IDG, Legend Capital

9. Online AI arts education platform VIPidea raised 7-digit RMB in Angel Round

10. Homemade food platform Home Cook is shutting down

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MOBILE-ONLY MARKETS:

1. Grab unveils B2B marketplace GrabMerchant to help small businesses go online

2. Singapore earmarks US$285M fund for innovative startups

3. Singapore’s Metal Printing Startup 3DInfra Raises Pre-Series A From SEEDS, M Venture

4. Vietnam-based ecommerce startup Tiki reportedly raises US$130M in funding led by Northstar Group

5. Less than 20% PH startups have cash to sustain business for over a year: PwC survey

6. India: Arkam Ventures gets $43.3m commitment to invest in tech startups

7. India-based full-stack bus service provider Yolobus raises $3.3m led by Nexus Venture Partners, India Quotient

8. Foodtech unicorn Swiggy shuts down on-demand premium food delivery service Scootsy

CROSS-BORDER:

1. Huawei launches UK advertising blitz ahead of security review

2. Chinese chip designer GigaDevice raises $610m from Singapore’s GIC, others

3. Tesla China sold 11,095 Model 3 vehicles in May, triple April’s volume

4. BTS label Big Hit Entertainment inks broad partnership with streaming tech company Kiswe

OVERSEAS:

1. US e-commerce sales to jump 18% in 2020, but not enough to offset retail’s decline

2. German public electric car charging network grows by 60%: BDEW

3. IBM exits facial recognition business, calls for police reform

4. Ericsson to take $108.8 million hit in second quarter due to asset write-down

5. SoftBank-backed insurance startup Lemonade files for US IPO

6. Online used car seller Vroom raises $467.5 million in U.S. IPO

7. Baillie Gifford, Tesla’s top external investor, has invested $35 million in German air taxi maker Lilium

8. HistoSonics Lands $40M Series C-1 To Perfect Precision Therapy

9. New York-Based Fintech Startup Wahed Raises $25M For Islamic Investment Platform

10. ClassTag raises $5M for parent-teacher communication

Image Credits: TechCrunch