Chinaccelerator Daily Digest 4/8/2019

Overseas:

1. US companies raised $30B in Q1 2019, up 22 percent year-on-year

2. A record $2.5B went to US insurance startup deals in 2018, and big insurers are in all the way

3. Amazon wants you to use its AI assistant Alexa to track healthcare

4. WhatsApp’s Business app comes to the iPhone

5. TikTok’s next ambitious goal is to discover future music stars with Spotlight

 

China:

1. China’s US$10 budget phone maker seeks fortune in Belt and Road countries

2. Hong Kong IPO market delivering best returns in years

3. Game company 斗地主游戏公司, founded by zen-game.com 禅游科技, plans to go public and is expected to be listed on April 15

4. Source Code Capital 源码资本 announced the completion of a new $570 million fundraising, covering early and mid-term new economic investments

5. Tencent-backed live streaming platform Huya 虎牙 has filed to raise $550m in secondary offering

6. Luckin coffee 瑞幸咖啡 added a new mortgage information to the company and the amount of secured creditor’s rights is at 45 million yuan

7. Chinese co-working space giant Ucommune 优客工场 raises $29.8m 

8. Online learning platform tengyue360.com 腾跃校长在线 completed 41 million yuan Pre-B round of financing

9. A service platform for youth professional growth, ciweishixi.com 刺猬 completed tens of millions of A round of financing from Oriental Fuhai

 

Cross-border:

1. Hatch Entertainment, a spin-off from Angry Birds game maker Rovio, brings 5G gaming to Samsung devices in South Korea

 

Blockchain:

1. Binance to launch a new fiat-to-crypto exchange in Singapore this month

 

Emerging Market:

1. Go-Jek becomes Indonesia’s first ‘decacorn’ company, with over US$10 billion valuation

2. Boomplay, a Spotify-style music and video streaming service for African music and Africa, raises $20M

3. Malaysian MyEG Capital injects US$1.5m in edtech startup Jingle Magic

4. Indonesian healthtech Medigo secures seed funding from Venturra Discovery

 

Cover picture credits to TechCrunch.

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