Chinaccelerator Daily Digest 6/26

Overseas:

  1. Built In announces $3.6M Series B led by MATH Venture Partners to scale community-centric recruiting platform.
  2. BigID raises $30M Series B led by Scale Venture Partners to help corporations protect and locate sensitive data.

China:

  1. Lanren Online Technology 懒人听书, audiobook platform operator, wins RMB 200M Series C.
  2. Meituan-Dianping submits IPO prospectus.
  3. Beijing sets up $4.6B to back up to 100 funds worldwide to invest in “core technologies.”
  4. Ant Financial taps blockchain technology to offer cheaper international money transfers.

Cross-border:

  1. US will block Chinese firms from acquiring US tech companies
  2. India-based Aahaa Stores, retailer of office equipment and supplies, raises $2M led by UAE-based Group Calega.

Blockchain:

  1. Ebang, manufacturer of cryptocurrency mining hardware, files for Hong Kong IPO.
  2. Japan’s Financial Services Agency hits 6 licensed cryptocurrency exchanges to improve internal auditing and user-protection processes.

Mobile:

  1. Live Streaming App Inke plans Hong Kong IPO as early as this week (may raise about $200-300M)

Southeast Asia:

  1. OBike ceases operations in Singapore due to strict new bike-parking regulations; Grab pauses user signup.
  2. FindWork, online recruitment platform aimed at blue-collar workers, reveals $2M seed funding from angel investor Bernard Chong.

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