Chinaccelerator Daily Digest 2020/07/31

CHINA:

1. Mom-and-pop stores beat 11% of Chinese listed companies in profitability

2. Meituan removes Alipay for payments as chairman calls out Alibaba

3. Chinese courier ZTO Express acquires Haier’s smart locker unit at USD 30 million

4. Alibaba’s intelligent search app Quark releases content product ZVideo

5. Hotpot ingredient supplier Guoquan Shihui 锅圈食汇 pockets $60m Series C funding

6. Tencent pours USD 14.2 million in digitization solution provider Shushi in angel round

7. LaiSanJin 来三斤, a social and new retail platform for agricultural products, raised 20million RMB in Pre-A

8. Wealth management TAMP platform 栖盟科技 Qimeng Technology announced to close 7-digit RMB in Pre-A round

Check out our latest podcast about “Demystifying the World of DeFi, with Cao Yin, Founding Partner of Digital Renaissance Foundation” here

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

MOBILE-ONLY MARKETS:

1. GudangAda, a marketplace for FMCG wholesalers and retailers in Indonesia, lays off 25 employees following series A

2. B Capital-backed Indonesian fintech startup PAYFAZZ says profitability in sight

3. Line’s delivery app in Thailand banks $110m, merges with local food app

4. Oyo founder Ritesh Agarwal to invest up to $5m in startups via new fund

5. India: Sequoia-backed data platform for enterprise Hevo nabs $8m in Series A funding

CROSS-BORDER:

1. China VC investment in Southeast Asia drops substantially in H1

2. Huawei overtakes Samsung to be No. 1 smartphone player in the world thanks to China as overseas sales drop

3. Didi-backed Estonian ride-hailer Bolt launches in Thailand

4. TikTok to give creators over $2 billion in the next 3 years as it takes on Instagram and YouTube

5. IBM partners with Japanese business, academia in quantum computing

6. Japan’s giftee invests in AdEasy, an online marketplace for buying offline advertisement space

OVERSEAS:

1. Australia to force Facebook, Google to pay media companies for content

2. Amazon cloud revenue growth slows to 29% in Q2

3. Apple posts blowout third quarter, with sales up 11% despite coronavirus disruptions

4. Facebook reports 11% revenue growth even amid pandemic slowdown

5. Google’s $2.1 billion Fitbit deal faces EU antitrust probe

6. Panasonic aims to boost energy density in Tesla batteries by 20% 

7. Micro business platform ZenBusiness Acquires Fintech Startup Joust

8. European digital used-car trading platform AUTO1 raises $300 million to develop used-car retail platform

9. European software startup Infobip raises over $200 million in Series A funding 

10. Self-driving startup Argo AI hits $7.5 billion valuation

11. Buildots raises $16M to bring computer vision to construction management

12. Berlin-based Candis Closes $14M Series B To Expand Automated Accounting Platform For SMBs

13. Magnetis raises $11 million for its automated wealth management and brokerage service for Brazil

14. Amsterdam-based medical messaging app Siilo Seals $10.5M Series A

15. Byrd Swoops In On $5.8M Series A To Help Retailers Capitalize On E-Commerce Boom

Image Credits: TechCrunch