Chinaccelerator Daily Digest 8/7

Overseas:

1. Facebook in talks with banks to expand customer service

2. SoftBank reported a 49 percent jump in quarterly profit boosted by the sale of its stake in Indian e-commerce giant Flipkart

3. Lyft beefs up car rental program for drivers

4. Google acquires GraphicsFuzz, a service that tests Android graphics drivers

5. Arista Networks Agrees to Pay Cisco $400M to Settle Patent Lawsuit

6. Robot Coffee Chain Cafe X  Technologies is almost done raising $12 million

 

China:

1. Taobao launches mobile gaming platform to compete with wechat mini games

2. Didi Chuxing said it will invest $1 billion in its auto services business

3. Medical Clinic SaaS Platform MingYiZhongHe 明医众禾 Raises RMB 9-digit Series A2

4. Online Blockchain Financial Media News.one Obtains RMB 7-digit Angel Funding

5. AI Startup Tianrang Intelligence Wins RMB 180 Mln Series A

 

Cross-border:

1. Xiaomi says its component supplier Holitech Technology would invest about $200 million in three years in India

 

Mobile:

1. China Unicom Establishes 5G Innovation Center

 

Emerging Market:

1. Indonesian new-retail startup Warung Pintar raises another US$4M funding

2. Singapore-based telecom conglomerate Singtel launches FutureNow Innovation Centre to help companies go digital

3. Philippines government is planning to build a US$100M crypto hub in the country

 

Cover Picture Credit From Fortune

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