Chinaccelerator Daily Digest 2020/07/14

CHINA:

1  Huawei posts revenue growth in H1 despite sanctions and pandemic

2. Luckin Coffee Inc. appoints Guo Jinyi, a board director and former acting CEO, as chairman

3. Alibaba co-founder Jack Ma sells shares worth $9.6b, stake dips to 4.8%

4. HK, Nasdaq-listed Chinese biotech firm BeiGene to raise $2.08b in share sale

5  Huizhou draws 5G and robotics investments of US$714 million as it seeks to upgrade role in Greater Bay Area

6. Chinese Cancer Screening Biotech New Horizon Health Completes $30M Financing from Foreign Backers

7. Chinese Underwater Robots Maker Deepinfar Completes $17M Series B+ Round

8. Sequoia Leads $14M Series B Round In Chinese Medical Device Developer AccuMedical

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MOBILE-ONLY MARKETS:

1. India: Mystifly raises $3.3m in pre-Series B round led by Japan’s Recruit Holdings

2  India: VC firm HealthQuad makes first close at $68.5m for second fund

3  India: IncNut Digital raises $4m in Series A funding led by RPSG Ventures

4. Project Ubin, the Singaporean money authority’s blockchain initiative, moves closer to commercialization

CROSS-BORDER:

1. Carlyle, SK’s Shinhan Group unit said to launch joint $600m infra fund

2. IFC approves $60m commitment to Vietnam’s Mekong Capital’s latest PE fund

3  Britain set to ban Huawei from 5G, though timescale unclear

4  US threatens to restrict WeChat following TikTok backlash

5. Microsoft spins off ‘virtual teenager’ chatbot for Chinese users

6  Google commits to invest $10b in India through equity deals, tie-ups

OVERSEAS:

1. Nippon Life to allocate $280m for impact investments, back TPG fund

2. SoftBank hires Goldman Sachs to explore sale options for chip designer Arm after getting inbound interest

3. Skype co-founder, angel investor Toivo Annus passes away at 48

4  American e-commerce company BigCommerce files to go public

5. HP Enterprise to buy Silver Peak for US$925 million

6  Apple to spend $400 million this year to fight California’s housing crisis

7  Google signs up Verizon for its AI-powered contact center services

8  EV start-up Fisker to go public through merger with Apollo-backed firm at combined value of $2.9 billion

9. Salesforce chief scientist Richard Socher leaves to start his own company

10. Cellnex eyes stake in $11b CK Hutchison’s European tower business

11  Stock trading app Robinhood now worth US$8.6 billion after latest funding round

12  Japanese wireless carrier KDDI connects Japan farms and factories to 5G for under $10

13. SiriusXM To Acquire Stitcher Podcast Unit For Up To $325M

14. Robotic process automation software startup UiPath lands $225 million in Series E round

15  Drone-maker Skydio Secures $100M Series C To Grow In New Markets

16. Paige, the computational pathology startup targeting cancer, closes a Series B at $70M

17  Grief Wellness Startup Eterneva Adds $3M To Seed Round

Image Credits: TechCrunch