Chinaccelerator Daily Digest 6/3/2019

Overseas:

1. Amazon confirms acquisition of Sizmek’s ad serving and dynamic content optimization businesses

2. SpaceX valuation rises to $33.3 billion as investors look to satellite opportunity

3. Groupon co-founder Eric Lefkofsky just raised another $200 million for his newest company, Tempus

4. Foursquare buys Placed from Snap Inc. on the heels of $150M in new funding

5. Superhot VR’s sales on Oculus Quest are 300% higher than its 2016 Rift launch

 

China:

1. China Telecom to Spend USD2.6 Billion on Shanghai 5G and Fiber Network

2. JD 京东 led a new round of investment in electronic product recycling platform aihuishou 爱回收 with over US$500m

3. Didi 滴滴 invested in software service provider Mai Chong Xing 脉冲星

4. Plastic surgery app So-Young 新氧 posts strong Q1 earnings, rising costs

5. Bangsun Technology 邦盛科技, a real-time anti-fraud and wind control technology service provider, raised 350 million yuan from Series C fundraising

6. Chinese robot developer Robosen raises $14.5m in Series A funding

 

Cross-border:

1. Alibaba Cloud launches China Gateway program in Singapore for small and medium-sized enterprises to access China

2. Xiaomi brings smart and affordable consumer technology to Chile with its first physical store

 

Emerging Market:

1. India’s tech startups witness late-stage funding boom this year, with an increasing number of deals worth $100m or more

2. Vertex Ventures, backed by Singapore’s Temasek Holdings, launches $770m fund and secures commitments from Japanese LPs

3. GOJEK backer Openspace Ventures to launch $500m growth fund by year-end

4. India’s Paytm to acquire local insurance marketplace Coverfox for around US$100m-$120m, sources say

5. Yummy, the catering business of Indonesian lifestyle group Ismaya, acquires online catering startup Berrykitchen

6. Indonesian fintech startup Bareksa targets to close Series B by July

7. Tech-focused TV channel TechStorm closes pre-series A round

 

Image credit: China Daily

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