Chinaccelerator Daily Digest 2020/06/12

CHINA:

1. China’s talent gap in rural e-commerce will hit 3.5 million by 2025, report projects

2. China mobile internet users reached 1.16 bn in Apr 2020, total time spend up 13%

3. Travel Agency Tuniu 途牛 Loses $29.5 Million in Q1 As It Struggles to Stay on Nasdaq

4. Tencent moves to integrate movie and fan fiction platforms, Maoyan entertainment and China Literature

5. Regulators punish Weibo for cutting info about Alibaba exec’s scandal

6. Battle of Bitmain: co-founder orders halt to product deliveries

7. Arm China defies UK parent to keep CEO

8. Suning.com became the only official sponsor for LPL esports tournament 

9. AI intelligence driving startup DENZA 腾势科技 raised 7-digit RMB in A round

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MOBILE-ONLY MARKETS:

1. India: Anand Mahindra invests in social media platform Hapramp

CROSS-BORDER:

1. Zoom will no longer allow Chinese government requests to impact users outside mainland China

2. TikTok parent ByteDance has tripled its U.S. employees in past year

3. iQIYI Hires Former Netflix Exec to Help Overseas Strategy

4. TPG Capital queues up to invest USD 1.5 billion in Reliance’s Jio Platforms

5. Dubai fintech firm Tpay Mobile acquires Turkish payments company Payguru

OVERSEAS:

1. Microsoft bans face-recognition sales to police as Big Tech reacts to protests

2. Snapchat is launching apps that let you buy movie tickets with friends, see class schedules

3. Japan’s Mitsubishi Electric to acquire plant from Sharp to boost EV power chip output

4. Zara owner Inditex invests in technology to merge online with in-store shopping

5. Grocery delivery and pick-up service provider Instacart nabs nearly $14 billion valuation in new funding round

6. API development platform Postman Raises $150M, Reaching $2B Valuation

7. Meditation App Headspace Secures $47.7M More In Funding, Filing Shows

8. Norwegian startup Kahoot raises $28M for its user-generated educational gaming platform, now valued at $1.4B

9. Enterprise automation platform JIFFY.ai raises $18 million Series A

10. Ethyca Raises $13.5M For Data Privacy Automation, Compliance

11. Origin just raised $12 million from top VCs to offer financial planning as an employee perk

12. Conversa Health raises $12M Series B for its digital health platform

13. Codat raises $10 million to aggregate all financial data from small businesses

14. Boston’s CareAcademy Gets $9.5M Series A To Boost Training For Senior Care

15. Spike raises $8 million to make your email look like a chat app

16. SuperAnnotate Lands $3M Seed Round To Streamline Image Labeling

17. Quolum announces $2.75M seed investment to track SaaS spending

18. Peppy raises £1.7M for its employee healthcare benefits platform

19. Facial recognition tech developed by Clearview AI could be illegal in Europe, privacy group says

Image Credits: KrAsia