Chinaccelerator Daily Digest 8/16

Overseas:

1. Amazon Alexa completes tie-up with Microsoft Cortana almost a year after deal

2. Uber reports Q2 losses of $404 million, up 32% from Q1

3. Verizon offers free Apple TVs and YouTube subscriptions to new 5G customers in four cities

4. Google announced Google one, its new subscription program for getting more Google Drive storage and other perks

5. Global Unicorn Exits Hit Multi-Year High In 2018

6. U.S. investor sues AT&T for $224 million over loss of cryptocurrency

China:

1. China Freezes Game Approvals Amid Agency Shakeup

2. China’s 2018 Cross-border E-commerce Transaction Volume to Reach RMB 9 Trln

3. China’s 2018 Smart Home Market Size to Reach RMB 582 Bln by 2020

4. Tencent profit falls for the first time in nearly 13 years, sending stock down more than 6 percent

5. JD Logistics, Shangqiu City Ally on Logistics Warehousing, E-commerce and Financial Services

6. Today’s Headlines 头条 Launches Advertising Recommendation Platform Pangolin Alliance

7. Ucommune Seeking USD 200 Mln in Fresh Funding and Planning 2019 IPO

8. Phoenix New Media Q2 2018 Profit Up 97.5% YoY

9. O2O Education Planning and Consultation Service Nice Zhuanye 好专业 Wins RMB 50 Mln Series A

10. Cloud Security Provider Cloudscreen Raises RMB 20 Mln Angel Funding

11. Industrial Internet Solutions Provider Allsense 全应科技 Completes RMB 8-digit Pre-A

12. Entertainment Recommendation App Wanmi Lands RMB 10 Mln Pre-A Funding

13. Online Examination Service ‘Exam Star’ 考试星 Secures RMB 8-digit Pre-A Finding

14. Computer Vision Solutions Provider Clobotics 扩博智能 Obtains USD 11 Mln Series A++

15. Hong Kong’s mobile games developer Animoca raised US$1M from Sun Hung Kai & Co. Limited to further AI and blockchain-based products 

Cross-border:

1. Bridgewater Associates, the world’s largest hedge fund  bought $15.7 million worth of Alibaba

2. Xiaomi Opens Brick and Mortar Store in Israel

3. Alibaba Cloud Establishes ASEAN Partner Alliance Program and Rolls Out Services for SEA

Blockchain:

1. LINE’s cryptocurrency exchange BITBOX added the blockchain platform TRON (TRX) 

2. Coinbase acquires Distributed Systems to build ‘Login with Coinbase’

Emerging Market:

1. Singapore-based digital wallet service Coinhako debuts digital wallet service in Indonesia

2. Singapore-based cloud company Alpha7 secured US$5.2M and set eyes to international expansion

3. Indonesia-based Cicil has raised a total of US$5 million to help struggling university students financially 

Cover Picture Credit From CCN