Chinaccelerator Daily Digest 2020/08/03/2020

CHINA:

1. Chinese VC Buhuo Ventures hits first close of RMB fund II at $100m

2. Game sales in China surge 22.3% in first half of 2020 amid coronavirus pandemic

3. Yum China Holdings Q2 Revenue Drops 11%

4. Bilibili Launches Mobile Video Editing App Bcut

5. COVID-19 vaccine developer CanSinoBIO seeks to raise $743m in STAR IPO

6. Chinese electric vehicle maker Xpeng said to raise another $300m

7. Chinese women’s health app Meet You files for $267m ChiNext IPO

8. Online shopping giant JD.com invests US$100 million for a stake in large supply chain manager Li & Fung

9 Chinese industrial flexible logistics service provider Standard Robots completed $14.3M series B round

10. Fintech system developer Shengli Financial Software raised $14.3M in series B+ round led by Sequoia Capital China

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MOBILE-ONLY MARKETS:

1. India: Mindspace REIT’s $601m IPO subscribed 13 times

2. India: Reliance Commercial Finance lenders seek suitors for debt resolution

3. India: Startup funding plunges 68% in Q2 amid COVID pandemic

4. Diginex launches new Singapore cryptoexchange ahead of Nasdaq listing

5. Singapore’s Temasek to decide on $3b offer for Keppel by Aug 31, says adviser

6. Thai delivery app Line Man raises $110m from BRV Capital

7. Indonesia’s Traveloka nets big funding of $250M

CROSS-BORDER:

1. KKR bags $300m commitment for latest Asia fund from New York pension

2. Florida pension fund commits $250m to two Asia-focused funds in Q2

3. After India and US, Japan looks to ban TikTok and other Chinese apps

4. China’s ByteDance offers to forego TikTok stake to clinch US deal

5. Apple’s partners and Samsung apply for India’s $6.6 billion local smartphone production program

6. Uber halts move to shift Asia HQ to HK, to extend stay in Singapore

7. Facebook says Jio deal to drive small biz to WhatsApp

8. 7-Eleven parent to buy US convenience store Speedway for $21b

9. HK-based on-demand delivery firm Lalamove to foray into the US in Q3

10. Vietnam’s beGroup partners Singapore’s ComfortDelGro’s local unit to launch beTaxi

11. Japan’s Rakuten is shuttering US online retail store formerly known as Buy.com

OVERSEAS:

1. Apple’s Q3 2020 revenue hits record $59.7 billion, stock will split 4:1

2. Facebook quarterly profit rockets despite ad boycott, pandemic

3. Alphabet revenue dropped in Q2 2020, the first decline since going public

4. Amazon will invest over $10 billion in its satellite internet network after receiving FCC authorization

5. Collaboration and issue-tracking software company Atlassian acquires Swedish asset management company Mindville

6. Cisco acquires Modcam to make Meraki smart camera portfolio even smarter

7. Lemonaid Health Taps Into $33M Series B for At-home Health Care Platform

8. Genomics startup Helix receives $33 million in NIH funding to scale COVID-19 testing

9. Big Tech spends over $20 million on lobbying in first half of 2020, including on coronavirus legislation

10. The AI Foundation raises $17 million to create digital AI-powered personas

11. Buildots raises $16 million to automate construction site reporting with AI

12. Candis raises nearly $14 million to automate accounting processes with AI

13. Immertec Secures $6M Series A Extension To Advance VR Surgical Platform

14. Delightree raises $3M to help franchise business owners simplify their operations

Image Credits: SCMP