Chinaccelerator Daily Digest 4/29/2019

Overseas:

1. Apple reportedly looked at buying Intel’s 5G business, showing openness to big deals

2. Airbnb marked its biggest move into the traditional hotel space by partnering with major New York real estate developer, RXR Realty

3. Amazon on pace to spend $7 billion on video and music content this year, according to new disclosure

4. PayPal makes a big marketplace play with its $500M investment in Uber

5. RosieReality, a Swiss startup using AR to get kids interested in robotics and programming, scores $2.2M seed

6. Google vet launches a free app, Mecorder for patients to record their doctor’s notes

7. South Korea is a mobile gaming haven, with the 4th largest mobile game market in the world

China:

1. Nearly Half of Global AI Funds Worth USD15.7 Billion Went to Chinese Firms Last Year

2. McKinsey’s 2019 Report – Chinese shoppers would account for 40 percent of the worldwide luxury goods consumption by 2025 with $180 billion spendings

3. Huawei’s 5G R&D spending reached $15.3 billion last year, surpassing Apple’s Samsung

4. Meituan-Dianping 点评 bands together with small Chinese ride-hailers to take on Didi

5. Tencent-backed education startup Onion Math bags $45m from series D round

6. Energy technology company czb365.com 车主邦能源 raised series B fundraising of 275 million

7. IP platform Shou Zhi 首知 received millions from angel round fundraising

8. DeepBlue Technology and Yitu Technology 依图科技 is using vein-pattern recognition to drive China’s AI, robotics revolution

Cross-border:

1. Chinese smartphone makers dominate Indian market, with Xiaomi controlling 66% of the share in the 1st quarter of 2019

2.  Alibaba Cloud tops APAC market share for cloud computing with 19.6%, according to Gartner’s April 2019 report

3. China’s Ctrip now owns half of India’s MakeMyTrip following share swap with Naspers

4. Report: Travel activity platform GetYourGuide raised €500M led by SoftBank at €1.6B valuation

Blockchain:

1. Malacca blockchain initiative gets China’s support

2. Bitfinex Covered Up $850 Million in Lost Funds, Officials Say

3. Samsung reportedly developing own blockchain mainnet, may issue own token

Emerging Market:

1. FT parent Nikkei confirms it has acquired new media startup Deal Street Asia

2. Grocery delivery startup Honestbee hits cash crunch, eyes sale

3. Sports media property One Championship launches One Studies, its own movie and TV division

4. Aiming at deep tech startups, SGInnovate partners with five new co-investors

5. Leisure marketplace SelenaGO raises seed funding from UMG Idealab

Cover picture credits to JingDaily.