Latest news digest on business and technology in China and across the world (16th Aug):

1. On-demand birth control e-commerce delivery startup Nurx approaches $300M valuation

2. Chinese users' average daily time spent on Apps reached 4.7 hours in 2019 Q2 

3. Alibaba to buy NetEase Koala 网易考拉, cross-border e-commerce, for US$2 billion 

4. AI startup AInnovation plans IPO at value of at least US$1 billion in China

BEAM helps early stage companies in fund raising in Malaysia.

5. Aifound 才查到科技, financial product identification and risk warning tool, completed Pre-A funding round

6. ShareChat, Indian regional social platform, raises US$100million in Series D Funding

7. Indonesian unicorn e-commerce platform Bukalapak’s revenue slides 41% in year’s first half

8. SoftBank is looking to back Indonesian education startup Ruangguru and Indonesian fishery e-commerce platform Aruna

9. South African Naspers in talks to acquire stake in Indian gaming platform Dream11 for $100m

This article is contributed by partners Chinaccelerator.