Chinaccelerator Daily Digest 6/25

Overseas:

  1. Agari, cybersecurity platform, raises $40M Series E led by Goldman Sachs.

China:

  1. Happigo Home Shopping, TV and online shopping channel operator, secures CSRC approval to acquire 5 HBS subsidiaries.
  2. Alibaba and Ant Financial partner with Chinese govt. to build Jiangxi’s digital economy.
  3. Sky Limit, Zhang Yimou’s VR entertainment firm, secures RMB 9-digit Pre-A led by OCT Culture Group.
  4. Source Code Capital invests in real estate SaaS provider Eall.
  5. Matrix Partners China, VC firm that invests in internet services, raises $750M for fifth fund.
  6. TaoBao looking to expand to more rural regions over the next 3 years.
  7. Helian Health raises $75M in SenseTime-led Series B to build on its technical capabilities in the areas of AI and big data.
  8. China Pacific Insurance Group invests RMB 1.6B in Ant Financial.

Cross-border:

  1. Mumbai-based online travel agency Cleartrip buys Saudi Arabian travel startup Flyin.

Blockchain:

  1. South Korea’s govt. to invest over $200M in public, private blockchain initiatives.
  2. Blockchain startup incubator Bluehill launches $50M fund.

SouthEast Asia:

  1. JJL and Lendlease, two large real estate corporations, launch Propell Asia, a regional accelerator focused on property technology startups in SEA.

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