Chinaccelerator Daily Digest 7/11

Overseas:

  1. Scale Venture Partners announces sixth flagship fund of $400M. 
  2. Index Ventures raises $1.65B across two funds. 
  3. Lightspeed Venture Partners raises $1.8B for its latest fund; its branch in New Delhi raises $175M. 
  4. Domo falls under IPO price as its valuation slips under the $500M mark. 
  5. Convene threatens WeWorks hold with $152M Series D led by ArrowMark partners. 
  6. Restaurant management platform Toast raises $115M Series D led by T. Rowe Price Associates; reaches unicorn status. 
  7. Google Pay now allows you to pay friends and save plane tickets
  8. Facebook tests AR ads in its News Feed. 

China:

  1. Goldman leads $127M Series D funding of fitness instruction app Keep. 
  2. Discount event ticketing platform Moretickets wins $60M Series C. 
  3. Hong Kong-based bikesharing app Gobee shuts down due to enormous maintenance costs. 
  4. The 2018 Fortune China 500 is announced. 
  5. Abacus releases China Internet Report 2018. 

Cross-border:

  1. US chip maker ADI will cooperate with Baidu to develop the “Apollo Project” along with BMW. 

Mobile:

  1. WhatsApp rolls out new feature to fight the spread of fake news. 

Emerging Market:

  1. Grab fined by the Philippines for imposing extra charges. 
  2. Aspire, a Singapore-based platform to help small businesses streamline lending processes, raises $9M seed funding. 

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