Chinaccelerator Daily Digest 7/10

Overseas:

  1. Google and Uber invest $335M in Lime scooters to build a transportation superapp. 
  2. Snapchat code reveals a team-up with Amazon for “camera search,” a feature that will allow users to scan objects, bar codes, etc. in app and see search results on Amazon for purchasing opportunities. 
  3. Youtube invests $25M to fight fake news. 

China:

  1. Consumer electronics and home appliances retailer, Suning.com begins developing online real estate business. 
  2. Property listing platform zhuge.com raises $22.6M Series B led by Sequoia. 
  3. Xiaomi shares fall on Hong Kong debut. 

Cross-border:

  1. Alibaba and Siemens cooperate to launch digital products in China. 
  2. Samsung builds world’s largest mobile phone factory in India. 

Blockchain:

  1. Google’s co-founder says that Google has “failed to be on the bleeding edge” of blockchain. 
  2. Walmart’s latest patent unveils blockchain-based delivery management system. 
  3. Token platform Bancor is robbed of $13.5M in crypto. 

Mobile:

  1. Hackers steal personal data from up to 21M Timehop users. 
  2. WeChat opens its applet advertising component. 

Emerging Market:

  1. Ofo makes staff cuts and rolls back operations in India. 
  2. American Express backed IndiaLends raises $10M Series B. 
  3. Referral-based recruiting platform Wanted acquires Kredit Job (giving it access to the data Kredit Job gathered on South Korean companies) and eyes further expansion into SEA. 

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