Chinaccelerator Daily Digest 2020/07/15

CHINA:

1. China online entertainment grew 8.1% by Q2 2020; short video continued strong growth

2. China smartphone shipments down 16% in the first half of 2020

3. Chinese state-backed chip fund to cut stakes in tech companies Sanan Optoelectronics Co Ltd and NAURA Technology Group Co Ltd

4. Beijing FengShangShiJi Culture Media Co, Contec Medical Systems Co and LD Intelligent Technology secure approval for IPOs under new ChiNext system

5. JD.com Leads Series D Round In Chinese Office Equipment Rental Service Platform Little Bear Rental

6. SaaS service provider 翼鸥教育 eeo cn raised 7-digit USD in Series B

7. Morningside Leads $32M Series A Round In Chinese Ophthalmology Firm Arctic Vision

Check out our latest podcast about “Unraveling Digital Ads: The Cash Cow for Alibaba” here

Check out our latest blog post about “Founders Explain How They Succeeded with Their MVPs” here

Subscribe to Daily Digest Newsletter here

MOBILE-ONLY MARKETS:

1. Group payments platform goDutch raises $1.7m led by Matrix Partners India

2. Singapore’s Her Capital launches debut women-focused fund for Southeast Asia

3. Singapore-listed Biolidics signs 5-year deal for use of A*Star technology to develop new Covid-19 test kits

4. Vietnam’s SuperKids Group said to seek up to $5m in funding

5. Thai fast-food chain operator Central Restaurants to open 100 ‘cloud kitchens’ by 2024

CROSS-BORDER:

1. US pension fund commits $75M to Hong Kong-based SSG Capital’s latest fund

2. Angelo Gordon raises $40M so far for Asia realty co-investment fund

3. Google in talks to invest $4B in Reliance’s digital arm

4. Indian e-commerce giant Flipkart raises $1.2B in Walmart-led funding

5. Hillhouse to pick stake in Shanghai-listed drug maker Joincare for $310M

6. TikTok Agreed to Buy More Than $800 Million in Cloud Services From Google

7. Baidu-backed Chinese workforce platform Quhuo 趣活 raises $33M on Nasdaq

8. Indian edtech firm Unacademy in talks with SoftBank to raise funding

9. Verizon partners with Airtel to launch BlueJeans in India

10. Singtel in tie-up with China Unicom and Bridge Alliance to enable wireless eSIM changes between China and Singapore

11. China’s travel-booking service Skyscanner cutting jobs and offices, reducing presence in Singapore after bookings collapse

OVERSEAS:

1. South Korea to invest $133B in digital, green sectors

2. Sony completes $3.7B takeover of financial unit

3. Amazon to test Dash Cart, a smart grocery shopping cart that sees what you buy

4. 3M partners with MIT researchers to develop U.S.-backed rapid coronavirus antigen test

5. Google Cloud launches its first Confidential Computing service to secure sensitive data online

6. Google Cloud launches Assured Workloads for Government, its version of a government cloud

7. Microsoft backs start-up Kano looking to challenge Google in the ‘edtech’ market

8. Hello Robot emerges out of stealth to launch a mobile robotic gripping platform for the home

9. Blackstone’s growth investors lead a $200M investment into Oatly, the oat-milk juggernaut

10. Identity platform Auth0 raises $120M in Series F round

11. Medly Pharmacy Lands $100M Series B For Prescription Delivery Platform

12. Pricefx raises $65M Series C for its cloud-based pricing software

13. Lattice, a people management platform, picks up $45M at a $400M valuation

14. NS1 raises $40M to automate enterprise networking tasks

15. Traceable raises $20M for AI system that shields cloud app APIs from cyberattacks

16. Abacus.ai, founded by Amazon and Google alums, raises $13M to match projects with AI models

17. AI company RealityEngines.AI becomes Abacus.AI, secures $13M series A for open-source platform

Image Credits: Industry Global News 24