Chinaccelerator Daily Digest 7/12

Overseas:

  1. Sound Ventures targets $150M for second fund. 
  2. Next Insurance, small business digital insurance provider, raises $83M Series D led by Redpoint Ventures. 
  3. Project management platform Monday.com raises $50M Series C led by Stripes Group. 
  4. Google Chrome’s redesign has launched in Canary. 
  5. Apple obtains patent for foldable mobile devices. 

China:

  1. Luckin Coffee, coffee delivery app, raises $200M; becomes unicorn. 
  2. Smart door lock developer Yunding Network Technology 云丁科技 completes RMB 270M Series C+ led by Lan Fund and SIG Asia Investments. 
  3. JD Finance raises $2B; doubles valuation. 
  4. Meituan Dianping VC arm raises $302M for investments to invest in catering, retail, and local services. 
  5. Cainiao continues expansion with $290M investment in Chinese logistics firm Dianwoda. 
  6. Self-driving startup Pony.ai raises $102M. 
  7. Mobike plans to recycle 100,000 used cars in Shanghai to launch 50,000 new bikes. 
  8. Yingke will be listed on the Hong Kong stock exchange today. 

Cross-border:

  1. Tesla to set up factory in Shanghai. 
  2. Alibaba and Marriott collaborate on face recognition for hotel registration. 

Blockchain:

  1. South Korean regulators introduce new rules for crypto and blockchain.

Emerging Market:

  1. Tik Tok (Douyin) ban lifted in Indonesia after Toutiao agrees to censor “negative content.” 
  2. Shop101, India-based startup that allows vendors to sell through social media platforms, raises $5M Series A. 

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