Chinaccelerator Daily Digest 2020/07/16

CHINA:

1. China wearable device shipments down 11.3% in Q1 2020; Apple Watch up 12%

2. Jack Ma’s fintech giant Ant Group tops 1.3 billion users globally

3. China’s Huawei says first half revenue grew 13%

4. JD Group renews tourism bid with Beijing Tourism Group deal

5. Luckin names new chairman and CEO Guo Jinyi in power shakeup

6. Tencent-Backed Archosaur Games Makes HK Debut, Shares Rise 55%

7. Sequoia China leads $17m round in Tungee, a company that uses big data and AI to provide sales solutions

8. JD.com, Fortune Capital invest in IT equipment rental Little Bear Rental

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MOBILE-ONLY MARKETS:

1. Fundraising by PE-VC firms in India plunges 77% in first half of 2020

2. Indian edtech startup Unacademy acquires majority stake in Mastree

3. Wavemaker closes third SEA fund at $111m

4. Bangalore-based neobank Walrus has announced an undisclosed amount of funding for its platform

CROSS-BORDER:

1. Over 2,500 games removed from Apple’s China App Store after loophole shuts: data firm

2. TikTok slapped with fine in South Korea over mishandled user data

3. WeMo, one of Taiwan’s biggest scooter-sharing platforms, gears up for international expansion

4. DiDi Ride-Share Coming to 20 More Cities in Australia

OVERSEAS:

1. German watchdog under EU scrutiny as it widens Wirecard investigation

2. Google ties more work tools (Zoom, Slack) into Gmail, aiming to get ahead of Microsoft

3. Navistar teams up with TuSimple to produce self-driving trucks by 2024

4. Thrasio, an acquirer of Amazon third-party private-label business, raised $260M Series C Round with $1B valuation

5. Dragoneer Invests $120M In CampusLogic’s Financial Aid Platform

6. Caption Health, that develops AI software for healthcare providers, raises $53M Series B

7. On-demand pharmacy delivery company NowRx Lands $20M In Equity Crowdfunded Round 

8. GYANT, “Siri for healthcare”, Raises $13.6M Series A From Wing Venture Capital

9. Crisp, the platform for demand forecasting the food supply chain, gets $12 million in funding

10. Privacy.com, a virtual payment card startup, raises $10.2M in Series A

11. Israel’s Seebo raises USD 9 million for AI platform focused on Industry 4.0

12. Noteworth’s Mission To ‘Put A Doctor’s Office On Your Phone’ Aided By $5M Seed Round

Image Credits: TechCrunch