Chinaccelerator Daily Digest 8/15

Overseas:

1. Apple is beefing up a team to explore making its own health chips

2. Amazon disclosed that it now owns $1 billion worth of stock in public and private companies

3. Alphabet puts another $375 million into Josh Kushner’s Oscar Health

4. Amazon to open Colombia customer service center, employ 600 workers

5. GGV Capital seeks $1.9B for VC funds

China:

1. Didi Chuxing Subsidiary Xiaoju Auto Solutions 小桔养车Acquires O2O Car Repair Platform Hiservice 嗨修养车

2. Online and mobile interactive video entertainment platform Huya 虎牙 reports Q2 2018 loss of RMB 2.13 Bln

3. Fitness Startup ‘Keep’ will open more brick-and-mortar fitness rooms cash in on consumers’ growing enthusiasm for sports

4. JD.com, Intel Ally on Solutions and Services for SMEs

5. JD.com, Xiaomi Partner on Precision Marketing to empower brand merchants on JD.com platforms under 京东计划

6. Xiaomi to Build Industry Park for 50-100 Ecosystem Partners in Shanghai

7. Alibaba Bought Stake In Turkish E-commerce Platform Trendyol At $750M Valuation

8. Online Transport Service Bus365 Wins RMB 9-digit Series B Funding from SoftBank, Fliggy

9. Accenture Makes Strategic Investment in AI Startup Malong Technologies

10. iFlytek 讯飞 H1 2018 Profit Up 22% YoY

11. Chinese Tesla rival Nio 蔚来汽车 files to raise $1.8 billion in US IPO

12. Sequoia China Partners with JD.com and State-Owned VC to Raise New RMB 40 Bln Fund

13. O2O Second-hand Book Trading Platform Yuelin 阅邻 Completes RMB 8-digit Series A

14. Coworking space MyDreamPlus raises $120 million

15. Mobile Overseas Travel Platform Lutu 路图 Secures RMB 8-digit Pre-A Funding

16. FunNow, an app to book instant entertainment and leisure activities in Taiwan, raises US$5M investment

Cross-border:

1. Xiaomi Leads India Smartphone Market with 30% of Q2 2018 Shipments

2. Vivo Expanding Production Facilities in India

Blockchain:

1. Blockchain Digital Wallet App ‘Token Pocket’ Wins Strategic Financing from Huobi

2. Blockchain-based Time Management App ‘Time Chain’ 时间链 Wins 7-digit Angel Funding

3. Crypto market takes a plunge to below US$200 billion

Emerging Market:

1. Singapore VC Openspace closes US$135 million fund that includes investment from Temasek

Cover Picture Credit From Xinhua Finance Agency