Chinaccelerator Daily Digest 2020/07/06

CHINA:

1. Live-streaming service providers Huya, DouYu to drive cloud-based gaming expansion in China

2. Display maker Royole said to mull China IPO as US listing plans stall

3. Alibaba is the top global blockchain patent holder

4. Luckin Coffee chairman ousted by shareholders days after proposal to remove him failed to get board approval

5. Quarterly deliveries for EV maker Nio hits record high

6. China chipmaker SMIC plans to raise $6.5B with Shanghai listing

7. Chinese New Retailer KK Group Raises $141M Led By CMC Capital

8. Baidu Capital Leads $70M Round In Chinese Logistics Service Provider FineEx

9. Richland Capital hits first close of third fund targeting China’s industrial tech bets

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MOBILE-ONLY MARKETS:

1. India: Goldman Sachs acquires Purplle’s angel investor shares at 40X premium

2. Indian payment gateway BillDesk seeks to sell-off biz for $2.5B

3. Indian alternative to TikTok app, Chingari, registers over 1 crore downloads on Play Store

4. India-based Bharti Airtel plans to launch own video conferencing platform

5. Jio takes on Zoom, Google Meet with free video conferencing app, JioMeet

6. Indonesian fintech startup Payfazz closes $53M in Series B funding

7. Fiber-optic broadband services provider Converge ICT files for largest Philippine IPO at $725m, targets Oct listing

8. SG-based blockchain-powered cross-border trade digitisation platform dltledgers in advanced talks to raise US$9M Series A

9. SG-based Popsical bags $5m to bring a ‘Spotify for karaoke’ to Southeast Asia

CROSS-BORDER:

1. UK govt, India’s Bharti win auction for satellite firm OneWeb

2. Tencent expands overseas presence with launch of new game studio in US

3. Mercedes-Benz takes 3% stake in Chinese EV battery supplier Farasis Energy

4. Gojek shifts away from local brands in Vietnam, Thailand

5. TikTok owner ByteDance predicts over $6B in losses from India app ban

6. Facebook makes education push in India

7. Uber widens taxi app to Tokyo but ride-sharing still barred

8. Grab fined $2m by Indonesia’s competition watchdog over driver discrimination

9. Intel resumes shipment to Chinese server maker Inspur

10. PE firm EQT makes new $837M bid to acquire NZ’s Metlifecare

11. ESR-Manulife venture acquires $243M real estate portfolio in China

OVERSEAS:

1. Uber adds another director to its board: Flex CEO Revathi Advaithi

2. Uber to Buy Postmates for $2.65B

3. Sprint 5G is no more, as T-Mobile focuses on its own network

4. Lime puts Jump bikes back on London streets

5  Facebook glitch gave 5,000 apps access to users’ account information

6. Leading supplier of automobile sensors, Velodyne, becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path

7. Microsoft’s partnership with Facebook Gaming could mean future VR support for Xbox

8. Dating app S’More adds blurred video calling and launches in LA

Image Credits: Techcrunch