Chinaccelerator Daily Digest 2020/06/23

CHINA:

1. China’s cloud infrastructure services market grew 67% in Q1 2020, led by Alibaba, Huawei, Tencent, Baidu

2. Tencent spent USD 10 million to acquire 1.68 million American depositary shares (ADS) of NIO

3. Studious shoppers can now find online classes on Alibaba’s Taobao

4. Alibaba ratchets up cross-border e-commerce initiatives in Yiwu, home to the world’s largest wholesale market

5. Pinduoduo founder Huang Zheng 黄铮 becomes China‘s second-richest man on 618 surge

6. WeChat testing new online store mini program WeStore

7. Hillhouse, STT GDC invest $505m in Nasdaq-listed Chinese data centre operator GDS

8. In-vitro diagnostic service provider Meilian snags $14m in Series B round

9. Sinovation co-leads $11m Series A round in industrial internet solution developer DPI 德风科技

Check out our latest podcast here

Check out our latest blog post here

Subscribe to Daily Digest Newsletter here

MOBILE-ONLY MARKETS:

1. Singapore’s Horizon Quantum raises US$3.2M to make quantum computing accessible to every developer

CROSS-BORDER:

1. Elon Musk Sells L.A Mansion to NetEase CEO William Ding Lei

2. Australian design app Canva doubles valuation to $6 billion and plans U.S. expansion to rival Adobe

3. Saudi education tech firm Noon Academy raises USD 13 million led by STV to accelerate its global expansion

4. China’s on-demand food delivery leader Quhuo 趣活 filed for NASDAQ IPO

5. Greater Bay Area Invests In Chinese B2B Automotive Aftermarket Platform CassTime

6. Indian micro mobility startup Yulu secures funding from US investor

OVERSEAS:

1. Apple unveils iOS 14, which redesigns the iPhone home screen

2. Google’s U.S. ad revenue will drop 5.3% due to pandemic

3. SoftBank plans to sell up to $21 billion worth of T-Mobile stock

4. Microsoft will end its video game streaming service, tells everyone to use Facebook instead

5. Microsoft acquires CyberX that will help it monitor corporate hardware like alarms, cameras and phones

6. Facebook acquires VR studio behind ‘Lone Echo’

7. Hulu announces a new offer-focused ad format called GatewayGo

8. In-game app-development platform Overwolf acquires CurseForge assets from Twitch to get into mods

9. ServiceNow to acquire Belgian configuration management startup Sweagle

10. UK Payment startup Checkout.com triples valuation to $5.5 billion, making it one of Europe’s top fintechs

11. Cedar Closes $102M Series C Led By Andreessen Horowitz To Improve Patient Financial Engagement

12. Live entertainment company Realife Tech Focuses $7.2M Series A On Event Safety

Image Credits：Business Insider