Chinaccelerator Daily Digest 5/30/2019

Overseas:

1. Bain Capital is raising a $1 billion tech fund for buyouts and late-stage investments

2. Texas HealthTech Gets Boost As Santè Ventures Raises $250M For Fund III

3. VC fund Maveron has closed on another $180 million to invest in early-stage consumer startups

4. Stripe and Precursor Ventures are co-leading $4.5M seed into media CRM startup Pico

5. Online lender SoFi has quietly raised $500 million in funding, led by Qatar

6. Palo Alto Networks to acquire container security startup Twistlock for $410M

7. Cybersecurity company CrowdStrike sets terms for $378M Nasdaq IPO

8. Logz.io lands $52M to keep growing open source-based logging tools

9. Digital therapy startup Talkspace picks up $50 million Series D

10. Customer service startup Kustomer raises $40M more, led by Tiger Global for its omnichannel approach to CRM

11. San Diego’s eSub raises $12 million for its construction management software

12. Roger, the accounting automation tool, raises $7.35M Series A

China:

1. China introduces new draft rules for data privacy protection, including any customized content using recommendation algorithms driven by personal data should be explicitly labeled

2. Xiaomi’s global investment amount reached RMB 5.8 billion in 2018

3. Tencent and Roblox announce game partnership, the jointly owned company will be based in Shenzhen

4. Short-video app Kwai’s 快手 daily active users hit 200 million mark, reflecting its rapid growth in rural popularity

5. Chinese biopharmaceutial company Alphamab Oncology raises $60m in Series B financing

6. E-commerce platform DoNew 斗牛 raised nearly 10 million from Series A fundraising

Cross-border:

1. Toyota may invest about $550 million in China ride-hailing firm Didi: Nikkei

2. DHL brings Africa eShop to 20 countries in a competitive nod to e-commerce platform Jumia

Mobile:

1. UK’s first 5G network taster goes live in six cities tomorrow

2. China Mobile’s Ultra-Cheap 5G Phone to Hit Market by End of June, with an Estimated Cost of RMB 2,000

3. Samsung aims to double its online smartphone sales in India this year to $1b

Blockchain:

– Salesforce Joins Blockchain Bandwagon With New Ledger Tool

Emerging Market:

1. Singapore-based VC firm EV Growth raises US$200M first fund, exceeding initial target

2. Under-the-radar payments app True Balance just clocked $100M in GMV in India

3. Equalum grabs $18M Series B to help companies ingest data faster

4. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow

5. Singapore-based fintech social enterprise Salutat announced that it has closed seed round

Image credit: World Times News