Chinaccelerator Daily Digest 2020/07/10

CHINA:

1. High-Tech Investment Group Govtor Capital, Addor Capital partner with Changzhou Industrial Investment Fund to launch $143M innovation fund

2. Social media site Weibo to heavily restrict external links to fight fraud

3. Bytedance’s TikTok transparency report shows it removed 49 million videos and had 500 government requests

4. SUVC Joins Pre-IPO Round In Chinese Glass Cover Plate Developer

5. Tencent Leads $40M Series C+ Round In Chinese Online Painting Learning Platform Meishubao 美术宝

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MOBILE-ONLY MARKETS:

1. Indian digital content startup JetSynthesys raises $40m to expand ops

2. India: Flipkart invests $35 million in Indian fashion brand to target youth

3. India: Cars24 Financial Services raises first debt funding

4  Indian edtech startup Cuemath raises $2.9m in debt, equity

5  Indian early-stage VC HealthQuad raises $21m so far for second healthcare fund

6  SG-headquartered Temasek-backed Zilingo cuts 12% more jobs as online fashion shopping plummets

7  NTU professor’s startup Aromatec scores funding

8  SG’s whole-plant based meat brand Karana raises US$1.7M

9 Salon booking app Vaniday makes comeback with new owner, relaunches in SG

10 VinaCapital, Daiwa part exit from Vietnamese dairy firm IDP, divest 28% stake

CROSS-BORDER:

1. US-listed Chinese tech stocks rise amid boom in home markets

2. Alibaba overtakes Facebook as world’s sixth-most valuable company after shares soar by 10 per cent in Hong Kong

3. Mastercard enters partnership with Philippines’s first digital-only neobank Tonik

4  Sequoia-backed SaaS unicorn Freshworks acquires India-based cloud firm Flint

5. South Korea’s SoftBank-backed Coupang to buy Hooq assets in Asian video entry

6. Chinese video site Bilibili considers secondary Hong Kong listing

7. SG’ Sembcorp said to mull stake sale in India thermal power biz

8  Private equity giant Warburg Pincus to partially exit HK-listed Jinxin Fertility in $194m share sale

OVERSEAS:

1 .DCM Ventures Closes On $880M In Largest Funds To Date

2. Venture firm Rethink Impact Closes Second Fund With $182M

3. Australian pension funds Media Super, Cbus explore partnership

4  UK embarks on space odyssey with SoftBank-backed OneWeb deal

5. Uber Boat takes over London commuter ferry for water rides

6  Sony invests $250 million in ‘Fortnite’ maker Epic Games

7.  Amazon plans at least $100M to retain Zoox talent after $1.3b deal

8  Amazon fined $135,000 in sanctions violations for letting blacklisted entities shop

9. Nokia launches data centre networking tools, developed with Apple

10. Electric motorcycle manufacturer Harley-Davidson’s ‘Rewire’ plan starts with 700 jobs cuts, ousted CFO

11  Twilio acquires Electric Imp to bolster its growing IoT business

12. General Catalyst-Backed Kernel Will Use $53M Series C To Tap Into The Human Mind

13. Enterprise open source database platform MariaDB Raises $25M To Focus On Cloud Database

14. LogDNA, a startup that helps DevOps teams dig through their log data to find issues, announces $25 million Series C investment and new CEO

15. Yamo scores €10.1M Series A to offer healthier food choices for young children

16  $3.2M Seed Supports Icon Savings’ Mission To Modernize Retirement Savings

Image Credits: SCMP