Chinaccelerator Daily Digest 5/20/2019

Overseas:

1. Men’s personal care market is expected to hit $166 billion in 2022, according to Allied Market Research

2. Magic Leap buys Belgian startup building hologram teleconferencing software

3. As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival service

4. Food delivery juggernaut DoorDash Is Raising at Least $500 Million in Funding

5. Zipline’s new $190 million funding means it’s the newest billion dollar contender in the game of drones

6. DocuSign Aims To Build Upon Its $25 Billion E-Signature Opportunity

7. Health at Scale lands $16M Series A to bring machine learning to healthcare

8. Tutor House, the UK-based tutoring platform, scores £2M from Fuel Ventures

9. DNA Script picks up $38.5 million to make DNA production faster and simpler

China:

1. Zhengzhou 郑州 tests China’s first 5G-enabled subway line

2. Tencent Q1 2019 results: Growth slows down, despite reaching 85.5 billion RMB at a 16% YOY growth rate

3. Suning 苏宁小店 will receive a capital increase of 450 million US dollars to maintain the stable development of its small store business

4. Alibaba pushes ‘emotion analysis’, other hi-tech systems to fight fake products

5. Little Red Book’s 小红书 new regulation killed the business of over 13,000 influencers

6. Chinese streaming site iQiyi 爱奇艺 bets on local content to drive growth

7. 趣头条 Qu Toutiao is removed from IOS as it has violated App Store’s rules and regulations

Cross-border:

1. SK Group invests $1 billion in Vietnam’s Vingroup

2. Brinc raises US$1.5M pre-seed round for China-focused accelerator

3. Microsoft opens largest AI & IoT lab in Shanghai

4. Siemens aims for Beijing AI lab to aid factories as industrial output stutters

Blockchain:

– Banks Including UBS, Banco Santander and Deutsche Bank Invest $50 Million in Digital Currency System

Emerging Market:

1. Grab partners with Indonesian varsity to nurture medtech, social startups

2. Singapore-based online platform for musicians BandLab Technologies acquires iconic music magazines NME and Uncut

Image credit: China Internet Watch