Chinaccelerator Daily Digest 5/21/2019

Overseas:

1. U.S. DOJ will reportedly oppose T-Mobile/Sprint merger despite FCC nod

2. IHS Markit: Cloud gaming earned $387 million in 2018, and could grow to $2.5 billion by 2023

3. Microsoft wants to apply AI ‘to the entire application developer lifecycle’

4. Dressbarn is going out of business, plans to shut all 650 women’s clothing stores

5. Slack expects to raise about $197 million in direct listing

6. Identity platform Auth0 raises $103M, pushing its valuation over $1B

7. Australian unicorn Canva more than doubles valuation with $70m raise

8. Robin picks up $20 million Series B to optimize the office

9. Clinc, a startup that creates conversational AI platforms, raises $52M Series B as it marches toward IPO

10. Wagestream closes $51M Series A to plug the payday gap without putting workers in debt

11. French Startup BeeLife Is Aiming To Make Crowdfunding History

 

China:

1. Xiaomi’s overseas sales offset slowing China growth, Q1 revenue surges 27%

2. Pinduoduo revenue more than tripled, but its losses widen fast due to high marketing and promotions cost

3. Lenovo pledges to continue business with ‘important client’ Huawei

4. TikTok Owner ByteDance Unveils New WeChat Challenger Flipchat 飞聊

5. Meituan expands aggregated ride-hailing service to 15 additional cities

6. Data intelligence technology services company Baiying Technology 百应科技 was awarded 120 million yuan from its series A fundfinancing led by Guangxin Capital

7. Yingzi Technology 影子科技 Unleashes Two New Smart Pig Farming Technologies

 

Cross-border:

1. Huawei founder says growth ‘may slow, but only slightly’ after U.S. restrictions

2. Ikea invests in Livspace, a one-stop platform for interior design based in India

 

Emerging Market:

1. S’pore fintech start-up YouTrip receives US$25.5 million in funding for regional expansion

2. Asia-based co-working space Outpost secures US$1.3M seed funding

 

Image credit: The Passage

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