Chinaccelerator Daily Digest 6/10/2019

Overseas:

1. London retains strong lead in tech investment with 2.56b pounds in venture capital in the first six months of 2019, more than twice as much as those in Berlin

2. Google Made $4.7 Billion From the News Industry in 2018, Study Says

3. FedEx will no longer provide express shipping for Amazon in the US

4. Microsoft’s Project xCloud preview launches in October

5. Microsoft acquires Psychonauts-maker Double Fine Productions

6. Apple to Buy Drive.ai in Bid for More Autonomous Vehicle Talent

7. Walmart to launch in-home grocery delivery in three cities, starting this fall

8. Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users

9. Fintech platform Synapse raises $33M to build ‘the AWS of banking’

10. Swiftly raises $10 million Series A to power real-time transit data in your city

11. Voatz has raised $7 million in Series A funding for its mobile voting technology

12. Walmart’s JetBlack personal shopping service customers are spending $1,500 per month

 

China:

1. China says its May trade surplus was $41.65 billion, significantly more than expected

2. China Plans to Create a Technology Security Management System

3. Warburg Pincus LLC said to near close of $4.25b China-Southeast Asia fund

4. Ele.me 饿了么 joins Meituan 美团 in Expanding Delivery Services Beyond Takeout Food

5. Chinese sports news platform Hupu 虎扑 gets $182m from Bytedance

6. Business operation and maintenance solution service provider Cloudwise 云智慧 raises $25 Million from Series D financing, led by Huashan Capital

7. Deepwise 深睿医疗, a developer of artificial intelligence medical applications, completes Series C fundraising

8. Use of mobile payment services skyrockets as consumers opt for convenience

9. AI-enabled tuition ushers in the ‘intelligent age’

 

Cross-border: 

– Twitter to lead $100m funding round in India’s social networking app ShareChat

 

Emerging Market:

1. Thai government to endorse e-sports a new industry focus

2. India’s largest video streaming service Hotstar, owned by Disney, breaks Safari compatibility to fix security flaw

3. Ecommerce platform Shopee takes on Lazada with own livestreaming feature

4. Singapore startup H3 Dynamics, which automates remote security and industrial asset inspection drone operations, to close its US$16M Series B round in August

5. Indian storytelling app Pratilipi raises $15m series B funding

6. Singapore wine subscription startup The French Cellar closes, customers lose “thousand of dollars”

 

Image credit: Sina

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