Chinaccelerator Daily Digest 7/23

OVERSEAS:

1. Google quietly develops Android successor

2. Facebook faces delay in WhatsApp Pay’s India launch

3. Blavity, the digital lifestyle media company geared toward black millennials, raises $6.5 million Series A round led by GV

4. Insight Venture Partners raised $6.3 billion for its latest fund.

 

CHINA:

1. WeChat Temporarily Removes Article Republication Function for Public Accounts

2. Ant Financial Launches AI Insurance Claim Compensation Service

3. Chinese streaming site Douyu plans to raise $700m in US IPO

4. ZTE’s HK shares jump 3.8 percent as U.S. lawmakers cut measure from bill

5. B2B Fresh Produce M-commerce App ‘Song Xiaocai 宋小菜’ Wins RMB 180 Mln Series B2 (Song Xiaocai on crunchbase)

6. One hundred and twenty Chinese companies have made it onto the 2018 Fortune Global 500 list, including a number of the country’s big tech companies.

 

CROSS-BORDER:

1. Alibaba, Tencent and CMC are in talks to buy a stake in WPP’s Chinese operations in a deal valuing them at £2bn

2. Softbank Vision Fund to Invest in AI Company SenseTime

3. China travel giant Ctrip wants to book a bigger seat in international markets with Trip.com brand

4. China’s JD.com plans move into Europe

5. South Korean Cosmetics Brand Innisfree Taps Alibaba for Smart Store in China

 

MOBILE:

– AT&T reveals 3 more cities for 5G launch by end of year

 

EMERGING MARKET:

– Thai restaurant reviews company Wongnai invests US$1M in restaurant PoS startup FoodStory

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