Chinaccelerator Daily Digest 2019/7/8

Overseas:

1. SEC filing: Haystack Ventures closed $50 million for oversubscribed fifth flagship venture capital fund

2. Italy’s biggest phone company, TIM, to extend 5G services to six more Italian cities by year-end

3. Tier IV raises over $100 million to develop open source software for driverless cars

4. Mozilla readies launch of news subscription service

5. Amazon’s Deliveroo Investment Is Halted for U.K. Scrutiny

6. Privacy-first browsers look to take the shine off Google’s Chrome

7. Shared office space manager WeWork said to raise up to $4b in debt ahead of IPO

8. Spurred by Amazon, Supermarkets Try Swapping Cashiers for Cameras

 

China:

1. China’s VC boom shows signs of a downturn as deal value drops 77% in Q2

2. Douyu 斗鱼, a livestreaming platform, to plan IPO at the NYSE for the 17th of August; reporting a year-on-year increase of 123.4% in net profit for this years first quarter

3. 盒子空间 SpaceBox, offering leisure accommodation space for young first and second tier city customers, to finish A+  funding round

4. Xiaomi’s 小米 Founder, 雷军, becoming KOL on Xiaohongshu 小红书, while promoting new smartphone series

5. Ant Financial 蚂蚁金服 to serve small enterprises, with a maximum loan value not exceeding 1M RMB

6. Missfresh, a grocery delivery startup, seeks to raise $500M

 

Cross-Border:

1. Samsung, stung by the US-China trade warm expects a big plunge in profits

2. Genesia Ventures, a Japanese VC firm, says it is likely to spend around 30% of the fund for Southeast Asia

3. Softbank to take a $22.5 billion stake in GM’s autopilot R&D unit. 

 

Emerging Market:

1. Southeast Asia’s e-commerce infrastructure continues to mature

2. Waresix hauls in $14.5M from EV Growth to advance its push to digitalize logistics in Indonesia

3. RedDoorz, a budget hotel startup, considered to become major player in Southeast Asia’s

4. GOJEK, Indonesia based raid-hailing unicorn, to receive F investment round by Mitsubishi Motors Corporation

5. Kudo, Indonesian offline-to-online retail platform, to work with Grab, Singaporean ride-hailing services provider, to win in the Southeast Asia market

6. IndiaMART, a B2B e-commerce platform, to become first firm of its kind to go public in India

7. Philipines’s Saphron, an insurtech startup, to receive an investment by microfinance firm CARD MRI

 

Image credits: Bloomberg

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