Chinaccelerator Daily Digest 8/6

Overseas:

1. Starbucks would like to clarify that it is not accepting bitcoin

2. Cisco agreed to acquire cybersecurity start-up Duo Security for $2.35 billion

3. Top 10 largest VC rounds in July 2018 – JD Financial, China Media Capital… 

China:

1. China Unicom, Alibaba Form Cloud Services JV

2. China’s Didi, Ant Financial weigh joint $2 bln Ofo buyout

3. China’s market regulator says Pinduoduo to step up product vetting

4. JD.com Launches AI Accelerator Program

5. China’s H1 2018 Home Appliance Online Shopping GMV Reaches RMB 264 Bln

6. Online Piano Practice & Education Platform Kuaipeilian 快陪练 Wins RMB 50 Mln Angel Funding

Cross-border:

1. Group Buy App Pinduoduo Faces Possible U.S. Class Action Suit

2. JD.com Opens Unmanned Store in Indonesia

3. VIPKid, China’s largest online education startup, expand abroad to 10 cities

4. Google is in talks with Tencent and others to bring cloud services to China

5. Huawei is facing increased scrutiny in Britain because of its use of a U.S. firm’s software

Blockchain:

1. Argo, a crypto-focused company, went public on the London Stock Exchange, raising 25 million pounds in the process.

Mobile:

1. Samsung’s Galaxy Note 9 appeared in a leaked video on Samsung’s website

Emerging Market:

1. Indonesian adtech startup Pomona raises Series A, pivots into FMCG-focussed adtech service

*Cover Picture Credit From South China Morning Post