Chinaccelerator Daily Digest 2020/06/11

CHINA:

1. Matrix Partners China closes new VC fund at $750m

2. NetEase shares jump over 8% at the open on their first day of trading in Hong Kong

3. Tencent is pushing the merger of Doyu and Huya (rumor)

4. Tencent-backed healthtech WeDoctor plans USD 900 million Hong Kong IPO

5. On-demand tea company Naixuecha scores USD 100 million in investment

6. Chinese community group buying firm Tongcheng Life 同程生活 nets $200m in Series C round

7. IoT chip firm Xinyi bags USD 28.3 million in Series A+ round

8. Automotive parts supplier Mancando 三头六臂 raises USD 57 million in Series B round

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MOBILE-ONLY MARKETS:

1. Aavishkaar Capital raising $150m impact fund for Southeast Asia

2. 5-month-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace

3. Indonesian smart motorcycle storage startup Soul Parking raises seed funding co-led by AC Ventures, Agaeti

4. Singapore venture debt firm Genesis Alternative Ventures raises investment from global fund Capria

5. Singapore-based Fintech startup Wallex raises series A funding from BAce Capital, others

6. Vietnamese proptech startup Propzy banks $25m from SoftBank, others

CROSS-BORDER:

1. Spin scooters head to Europe, starting with Germany

2. SoftBank’s Arm says China joint venture replaces CEO

3. Japanese virtual idol Hatsune Miku joins Taobao as a livestreaming ambassador for upcoming 618 festival

4. Struggling Chinese electric carmaker Nio seeks US$344 million through sale of new American depositary shares

OVERSEAS:

1. U.S. lawmakers propose $22.8 billion in aid to semiconductor industry

2. Amazon pauses police use of its facial recognition tech for a year

3. Tesla to start volume production of Semi trucks

4. Grubhub to merge with European food delivery company Just Eat Takeaway.com following failed Uber talks

5. NS8, A Profitable Startup That Just Raised A $123M Series A For Online Fraud Prevention

6. Cue Health raises $100 million to speed development of rapid, portable COVID-19 diagnostics

7. Insurance data analytics platform Planck raises $16 million Series B

8. EnsoData Raises $9M To Diagnose Health Conditions With AI

9. Flatfile scores $7.6M seed investment to simplify data onboarding

10. Local services marketplace Zehitomo nets $7.5m in series B round

11. S Korean radar tech startup Bitsensing raises $5.8m in pre-Series A round

12. Vendr raises $4M from David Sacks’s Craft Ventures to reduce SaaS bills

13. Direct-to-consumer startup studio Innovation Department raises $3.7M

14. Enterprise payments solution Innoviti Payment raises Series C funding from FMO, Bessemer Venture

Image Credits: CNBC