Chinaccelerator Daily Digest 8/27

Overseas:

1. Getaround, the car-share company that lets drivers rent their vehicles to strangers, raised $300 million in series D from SoftBank Vision Fund and Toyota. 

2. Facebook test feature shows what you have in common with strangers

3. Uber gears up for shift to bikes on short trips

4. Sonder, a hospitality company, announced $85 million in Series C funding as it builds out a network of furnished fancy-ish rental properties. 

 

China:

1. China will crack down on dishonest and illegal conduct in the transportation sector after Didi murder

2. China’s Didi suspends carpooling service after another female passenger is murdered

3. Alphabet’s Self-Driving Car Business Sets Up Unit in Shanghai

4. Tencent Music to Launch Pre-IPO U.S. Roadshow in September (Rumor)

5. Alibaba Group Q2 2018 Profit Down 41%

6. Tencent Officially Launches ‘WePost’ Delivery Robot

7. Douyin Adds ‘Trending Video Search’ Rankings

8. Baidu Takeout Delivery to Rebrand as Star.ele

9. Douyu 斗鱼 will go public in USA (rumor)

10. Video & Audio SDK Solution Provider Meishe 美摄 Obtains RMB 8-digit Pre-A Funding

11. K-12 Online Language Learning Platform Fangti Yuwen 方体语文 Secures Pre-A Funding from Zhen Fund

 

Blockchain:

1. Alibaba Cloud, Ant Financial Ally on Blockchain Infrastructure Building

2. Chinese internet giants Baidu, Alibaba and Tencent shut cryptocurrency forums and transactions amid government clampdown

 

Emerging Market:

1. Alibaba-backed e-commerce platform operator Lazada Offers Loans to Online Sellers in Singapore

2. Singapore-based SaaS platform Travelstop that aims to simplify business travels gets US$1.2M seed funding

3. 6 sizzling startups that pitched at MOX Demo Day batch 5

4. Indonesian portable Wi-Fi rental service Passpod is getting ready for IPO – Press Release

 

Cover Picture Credit From TechCrunch

Start typing and press Enter to search