Chinaccelerator Daily Digest 6/11/2019

Overseas:

1. Salesforce is buying data visualization company Tableau for $15.7B in all-stock deal

2. Moving deeper into enterprise cloud, Intel picks up Barefoot Networks

3. Digital imaging company Shutterfly strikes take-private deal with private equity firm Apollo Global, valuing company at $2.7 billion

4. Innoviz extends funding round to $170 million to bring its lidar tech to self-driving cars

5. Vectra lands $100M Series E investment for AI-driven network security

6. Event management platform Cvent acquires mobile event technology provider DoubleDutch

7. Spacemaker scores $25M Series A to let property developers use AI

8. Workhorse gets $25 million needed to finish electric delivery van

9. Student loan refinancing startup Splash Financial raises $4.3 million

10. Vuzix smart glasses get automatic facial recognition designed for law enforcement

China:

1. China to spend over $65b on VR/AR by 2023, far beyond the forecast of $6.53b of the market spending in 2019: IDC report

2. CMC Capital leads $14m in Series B round of Chinese activity centre operator Neobio

3. Alibaba Said to Pick CICC, Credit Suisse to Lead Hong Kong Offer

4. Alibaba partners with automakers including Audi, Renault, and Honda to add Tmall Genie tech to cars

5. Tencent sues user for livestreaming ‘League of Legends’ on Bytedance app

6. Tencent’s ‘Game For Peace’ rakes in $70 million in May, aiming to first improve its user operations before focusing on the monetization capabilities

7. Ant Financial and Vanguard investments co-established a consulting company, Vanguard Investment Management (Shanghai) 先锋领航投资管理 (上海), with Ant Financial registered capital of RMB 20m

8. Pinduoduo 拼多多 released data for its June 18th sale: male users accounted for 40% of the sales of beauty products

9. Sohu 搜狐 joins China’s social networking resurgence with Huyou 狐友

Cross-border: 

1. Luxembourg to get €100M investment from Chinese payments startup Pingpong

2. Carmakers Renault and Nissan launch innovation lab in Tel Aviv, enabling their alliance to collaborate with Israeli start-ups

3. Alipay grows Europe partnership to 6 digital wallet apps with 5 million users

Emerging Market:

1. Vertex Ventures to launch $770m fund with Japanese partners

2. Wavemaker Partners makes the first close of its third fund at US$60M

3. Lazada, Shopee and Zalora are most visited e-commerce sites (desktop and mobile web) in Philippines respectively in Q1 2019

4. Malaysia insurtech startup PolicyStreet gets central bank approval for financial advisory

5. Vimo Technology JSC, a mobile wallet provider, and Vietnam mPOS Technology JSC, which develops portable point-of-sale technology, will merge with plans to raise $30m

6. Indian furniture rental startup Cityfurnish raises $5m series A

7. Eye care startup Plano raises series A from billionaire Peter Lim’s Meriton Capital

8. Africa’s Technology Hub Rises in a Congested Lagos Neighborhood

Image credit: TechCrunch