Chinaccelerator Daily Digest 7/9

Overseas:

  1. Tractable, deep learning technology company, raises $25M Series B to automate damage assessments. 
  2. Sonos, electronic company known for its smart speakers, submits IPO application. 
  3. Samsung announces its second quarter results; falling chip prices put an end to almost two years of increasing profits. 

China:

  1. Cainiao Network Technology, smart logistics company established by Alibaba and other firms, says its delivery staff star-rating system has been adopted by five major Chinese express delivery firms. 
  2. Taiwanese travel startup KKDay raises funding from Alibaba to bolster presence in China. 
  3. Xiaomi listed on Hong Kong stock exchange this morning. 
  4. Taobao launches a global buyer recruitment plan in Hong Kong.

Cross-border:

  1. In Q2 2018, global VC scales tipped in favor of Chinese start ups over North America.
  2. Airbnb invests $5M in Beijing-based Chengsu, a real estate and property management startup. 
  3. Tencent Music will split its IPO into the U.S. for listing. 

Blockchain:

  1. Binance Labs leads seed round in Chinese blockchain information portal Zhidian.  
  2. Huobi launches crypto exchange in Australia. 
  3. Hong Kong-based crypto debit card company Monaco buys crypto.com. 

Mobile:

  1. Apple Music has overtaken Spotify in U.S. subscribers. 

Emerging Market:

  1. Ofo reports over 25M orders in Singapore (1M orders weekly) and is now ready to double down on overseas markets. 
  2. Cashless train tickets are launched at major stations in Thailand. 

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