Chinaccelerator Daily Digest 4/16/2019

Overseas:

1. EU Approves Sweeping Online Copyright Reform

2. Airbnb officially owns last-minute hotel booking application, HotelTonight

3. Ride-Hailing Companies Set To Raise $15 Billion+ This Year

4. Hulu buys back AT&T’s minority stake in streaming service now valued at $15 billion

5. Siris Capital to buy digital printing company Electronics For Imaging for $1.6 billion

6. Ro, a direct-to-consumer online pharmacy, reaches $500M valuation

7. Apple said to be spending more than $500M on Arcade gaming subscription effort

8. Vimeo has acquired short-form video-creation platform Magisto, reportedly for $200M

9. Medbelle raises $7M to build out its ‘digital hospital’

10. YC alum Keeper raises $1.6M to help gig workers pay taxes

China:

1. China building SME credit database to open funding access

2. Chongqing to Roll-Out China’s First Hydrogen Car-Sharing Project

3. Credit Suisse aims to take control of China securities venture, boosting its stake to 51 percent

4. China’s satellite navigation system Beidou 北斗 expected to generate $298 billion services market by 2020

5. JD Logistics lost RMB 2.8 billion in 2018, losing money for 12 years in a row

6. China Evergrande 中国恒大 plans to raise $1 billion through the issuance of US dollar debt

7. Biotech group Chi-Med files for HK listing, may raise up to $500m

8. Legend Capital 君联资本 leads $100m Series B for Chinese AI startup Black Sesame Intelligent Technology 黑芝麻智能科技

9. Community service provider Qinlin Keji 亲邻科技 raised Series B fundings from Jingdong Digital Science and Xiaomi Technology

10. Intelligent one-stop component supply platform allchips.com 硬之城 completed series B1 financing worth $10M

11. Meitu 美图 launches AI platform for developers as it drops phone business

Cross-border:

1. Alibaba to open e-commerce class for Rwandan students

Blockchain:

1. ConsenSys Seeks $200 Million From Investors After Bumpy Year

Emerging Market:

1. Malaysian Global Innovation and Creativity Centre (MaGIC) pulls top talent from Cradle to be new CEO

2. India Kunal Shah’s Cred in talks for $100 million from Hillhouse, others

3. AIA Singapore partners with WhiteCoat for telemedicine service

4. In African villages, these phones become ultrasound scanners by bringing medical imaging to remote communities

Cover picture credits to TechCrunch.