Chinaccelerator Daily Digest 2020/06/22

CHINA:

1. Foreign M&A in China remains strong as investors remain optimistic despite coronavirus, decoupling

2. Alibaba and JD.com handle a record $136.51 billion in sales during major Chinese shopping event

3. Tencent Games Applies Facial Recognition Function in Games, Preventing Irrational Purchasing Behavior from Kids

4. TikTok Parent ByteDance Dispels Rumors Around Acquisition of BlueFocus

5. Xiaomi backs TZAUTO, a Nanjing-based automation technology company

6. Sequoia-backed online life service platform 24Tidy to acquire Bonnych

7. Goldman Sachs-backed Chinese pet services firm Boqii collects $60m

8. Chinese Big Data Firm Boray Data Raises $28M In Series C Round

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MOBILE-ONLY MARKETS:

1. Thai fintech firm Synqa rakes in $80m in series C funding

2. Indonesian ecommerce unicorn Tokopedia said to have closed $500m from Temasek as part of latest round

3. One of Indonesia’s biggest online marketplaces Bukalapak co-founder Fajrin Rasyid steps down, will serve as director at state telco

4. Indonesian proptech startup Jendela360 secures US$1M led by Beenext

5. Logistics startup Shipper bags series A money to double down on Indonesia

6. Singapore-based Hospitality Startup K Hotel Raises S$2m In Seed Funding

7. India Deal Review: Startup funding dives 52% in May amid COVID-19 crisis

CROSS-BORDER:

1. TikTok’s U.S. Revenues Expected to Hit $500 Million This Year

2. Alibaba Pictures to delist from Singapore Exchange

3. India’s one-stop dairy products provider Milk Mantra secures $10M from US International Development Finance Corporation

4. Taiwanese AI healthtech startup Deep01 bags $2.7m in Asus-led round

OVERSEAS:

1. Facebook buys start-up Mapillary in latest push to take on Apple and Google at street-level mapping

2. DC superheroes coming to your headphones as Spotify signs podcast deal with Warner bros and DC Entertainment 

3. Big data analytics company Palantir Lands $500M In New Round Of Funding 

Image Credits: CNBC