Chinaccelerator Daily Digest 5/9/2019

Overseas:

1. As Tech Firms Delayed Going Public, Pre-IPO Bonus Shrank

2. 2048 Ventures raises $27M fund to back first-time founders and the ‘first-time founder mindset’

3. Fox Sports becomes the first big media company to put its brand on a sports betting product

4. Samsung spilled SmartThings app source code and secret keys

5. Cloud data analytics company Sumo Logic announces $110M Series G investment on valuation over $1B

6. Proptech Startup VTS Raises $90M Series D, Reaches Unicorn Status

7. Fuel Capital, co-led by gig-economy company TaskRabbit founder Leah Busque, just closed a $75 million fund

8. DispatchHealth Raises $33 Million To Bring More House Calls To Patients

9. LetsGetChecked Raises $30 Million For At-Home Lab Tests

10. ChowNow raises $21 million to help restaurants take online orders

11. HeyJobs, a ‘talent acquisition’ platform out of Berlin, raises $12M Series A

12. Pearl, the healthcare spinout from LA-based AI startup, GumGum, raises $11 million

13. Real Estate Brokerage Redfin Aims to Bring E-Commerce to Home Buying

14. Human lifespan could soon pass 100 years thanks to medical tech, says Bank of America

China:

1. Zhangjiang to Build Shanghai Science Park to Incubate China’s First Cell Treatment

2. P2P lending in crisis as regulators seek to deleverage and de-risk the economy, with only 1,021 platforms left operating in China at the end of March

3. China mobile games revenue to surpass $25 billion by 2023, Tencent and NetEase remained the Top 2 mobile game publishers in China.

4. Alibaba-backed facial recognition startup Megvii, commonly known as Face++, raises $750 million

5. Jack Ma-backed Yunfeng selling $103m shares in China’s YTO Express

6. Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures

7. Beibei Group’s social e-commerce paltform Beidian 贝店 completed 860 million yuan of financing

8. China’s InnoCare is said to plan a Hong Kong IPO to raise about $250m

Cross border:

1. Chinese investments in US startups peak at $3.6b in 2018, ‘uncertainty’ ahead

2. Amazon just launched a lending service called Lending Referral Program in China while shuttering its local marketplace

3. Uber ceding share to Didi in Mexican ride-hailing market 

4. Tencent Cloud eyes international expansion and aims to increase its overseas revenue fourfold this year

5. Execs at Mobike, the bike sharing startup, are raising $20M to buy out the European business by end of June

Emerging Market:

1. Job disruption in AI era may catch Asian governments by surprise, where less developed economies are at greater risk of seeing more jobs eliminated by automation: MIT

2. India’s edtech startup CollegeDekho raises $8 million to connect students with colleges

3. Indian recruitment platform Skillenza raises $1m pre-series A

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