Highlights: Demand for gaming professionals up 25-30% in India, Chinese Startups hits new high in fundraising in Spet at $6.02b

October 9: Latest business and tech news around the world.

Carl Adrian

9 Oct, 2020

Highlights: Demand for gaming professionals up 25-30% in India, Chinese Startups hits new high in fundraising in Spet at $6.02b | BEAMSTART News

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Tech business news digest: Highlights on tech business news around the world on 9 October 2020.


1. China’s pets retail market exceeded US$16 bn in 2019 and double by 2024

2. China’s third-party mobile payment market grew by 8.8% in Q2 2020

3. Chinese Startups gather $6.02b in Sept as fundraising hits new peak

4. Over 7M Chinese Investors Are Pouring into 5 Newly-Launched Mutual Funds, Targeting Ant Group’s Upcoming Mega IPO

5. Tencent-backed discount retailer Miniso eyes $562.4m in US IPO

6. Chinese e-learning firm iHuman sets US IPO terms, targets $84m

7. Chinese E-Commerce Giant JD Partners With Xpeng Motors to Install Charging Piles

8. Angel Pharmaceuticals raises $41m at $106m valuation

9. Baby products brand bebebus raises $14.7m in Series A, A+


1. Startup funding in SE Asia continues decline in Q3 as pandemic rages on

2. Demand for gaming professionals up 25-30% in India amid COVID-19 crisis

3. Indian Fintech firm Paytm targets a million apps on its mini app store to take on Google

4. Walmart’s Flipkart buys land for fulfilling center worth $59m

5. Interactive online tutoring platform Vedantu in talks with KKR for $100m funding

6. Subscription billing software provider Chargebee banks $55m to capitalize on global SaaS surge

7. Ex-Ola and PayU exec’s fintech firm Uni bags $18.5m seed money from Lightspeed, Accel

8. Tim Draper invests undisclosed amount in Unocoin, India’s crypto exchange, valuation rises to $20 mn

9. Indian budget hospitality chain Treebo Hotels has raised $6 million

10. India edtech startup Winuall raises funding to digitize coaching institutes

11. Lanturn, a Singaporean tech-enabled corporate services provider, raises $3 million seed round

12. Bukalapak co-founders’ early-stage fund Init 6 invests in Indonesian edutech Codemi

13. Pakistan’s Healthwire closes USD 700,000 investment for its digital healthcare platform


1. Chinese wealth management giant Lufax files for U.S. IPO

2. US mulls restricting Ant, Tencent payment systems amid safety concerns, sources say

3. Singapore’s GIC plans to invest over $1b in China’s Ant Group

4. Tesla in early talks for potential investment in Indonesia

5. Singapore payment app Fincy exits Myanmar border city project after money laundering accusations

6. S Korea’s CJ Group weighs $1b sale of Chinese logistics firm Rokin


1. Amazon debuts electric delivery vans created with Rivian

2. Arm partners with Microsoft to streamline data transfer from sensor chips to cloud

3. Lyft teams up with Epic to let hospitals schedule rides for patients from medical records system

4. Waymo opens driverless robo-taxi service to the public in Phoenix

5. Hyundai Motor to recall Kona EV in South Korea over concern of fire risk

6. Orange venture in Belgium to replace Huawei mobile gear with Nokia kit

7. Airbnb burned through more than a billion dollars in a year

8. Grocery delivery startup Instacart’s valuation has more than doubled in 2020 to $17.7 billion following new funding round

9. Europe’s answer to Twilio MessageBird is now valued at $3 billion, as pandemic fuels cloud boom

10. Performance tech company Hyperice attracts slew of star athlete-investors, valued at $700 million

11. Delivery startup goPuff raises $380M at a $3.9B valuation

12. No-code application platform Unqork secures $207M in Series C funding

13. Redaptive Closes On $150M For Energy Efficiency Technologies

14. Neocis Bites Into $72M Series D To Advance Dental Tech

15. Mmhmm, Five-Month-Old Video Startup Making Virtual Meetings More Fun, Raises $31 Million Pre-Launch

16. Grid AI raises $18.6M Series A to help AI researchers and engineers bring their models to production

17. Bloom Credit Raises $13M To Connect Businesses With Credit Bureaus

18. Andie Swim Raises $6.5M Series A To Take The Pain Out Of Buying A Swimsuit

19. Headroom, which uses AI to supercharge videoconferencing, raises $5M

20. Audio intelligence platform Veritonic lands $3.2M Series A from Greycroft, Lerer Hippeau, Audible

21. General Catalyst, Abstract-backed Zira Raises $3.1M For Shift-based Work Platform

22. Zira raises $3.1M for its shift-scheduling service that helps manage hourly workers

This digest is contributed by Chinaccelerator.

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