Chinaccelerator Daily Digest 5/29/2019

Overseas:

1. Future Positive Capital outs $57M fund to back European “deep tech” startups tackling world’s ‘most pressing problems’

2. Amazon is planning to focus on larger suppliers to serve as vendors for its own retail business

3. LinkedIn Snaps Up people-based identity management company Drawbridge, Its Second Known Acquisition In 8 Months

4. SoundCloud buys artist distribution platform Repost Network

5. Public cybersecurity company FireEye snags security effectiveness testing startup Verodin for $250M

6. Pets Gotta Eat: Pet Supply Delivery Company Crazy Dog Raises $43M

7. Upsie nabs $5M to build a direct-to-consumer warranty service

8. SeedLegals closes $4M Series A, led by Index Ventures, to automate startup fundraisings

9. Paladin Drones picks up $1.3M to give first responders a live feed of emergencies

 

China:

1. China’s internet regulator expanding anti-addiction systems to video streaming platforms, which would limit the time underage users can spend

2. Alibaba invests RMB 3.6 billion in public transport software provider China TransInfo, furthering smart mobility push

3. Alibaba reportedly among 8 bidders for German wholesaler Metro’s China operations

4. NetEase reportedly seeking to list its edtech business Youdao 有道

5. Profitable Chinese Cloud Computing Provider Inspur Group to Seek Sci-Tech IPO

6. Used car e-commerce platform Uxin 优信 announced that it has raised $230m funding from 58.com 58同城

 

Cross-border:

1. US leading chipmaker Qualcomm teams up with China’s Lenovo to unveil first Snapdragon-powered 5G PC

2. Alibaba in talks for second major investment in Thailand for industrial land with WHA Corporation

 

Mobile:

– T-Mobile, Sprint could sell prepaid wireless brand Boost Mobile for up to $3 billion, potential bidders say

 

Emerging Market:

1. India’s Ather Energy raises $51 million to grow its electric scooters business

2. Indonesian co-working startup Greenhouse banks $2.7m in bridge round

3. Indonesian proptech startup Gradana closes pre-series A round led by Tryb Group

4. Indian travel startup Airblack raises $1.5m seed funding

5. Singapore’s IoT-based power monitoring startup Ampotech raises USD$726k funding

 

Image credit: Weibo

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