Chinaccelerator Daily Digest 6/15

Overseas:

  1. Micro VC firm 500 TukTuks targets $20M for second fund.
  2. Benchling, platform for life sciences research, announces a $14.5M series B led by Benchmark.
  3. Zomato, Indian restaurant search and discovery firm, promises to invest $15M in Loyal Hospitality, a startup that helps restaurants expand operations through its “shadow kitchen” concept.
  4. Propeller Aero, drone analytics startup, secures $10M in series A led by Blackbird Ventures.
  5. Microsoft takes aim at Amazon with push for checkout-free retail.

China:

  1. B2B pharmaceutical trading app Yaoshibang Raises RMB 420M series C across two rounds. 
  2. WeChat launches product search function linked to JD.com, Chinese B2C e-commerce platform.
  3. BeagleData, distributed computing platform developer, lands RMB 100M series D led by Ally Capital and Meridian Capital.

Cross-border:

  1. JD.com partners with Magplane, U.S. rail engineering firm, to develop maglev logistics technology.
  2. PatSnap, provider of patent and research services, raises $38M in series D round led by Sequoia and Shunwei Capital.
  3. Grab in talks with Didi Chuxing to explore self-driving cars.
  4. Google’s new AI research center will be its first on the African continent.

Blockchain:

  1. JD.com plans to issue asset-backed securities on the blockchain.

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