Highlights: US approves delisting bill targeting Chinese companies, Scale Ventures Partners closes $600M fund

December 04: Latest business and tech news around the world.


Carl Adrian

4 Dec, 2020

Highlights:  US approves delisting bill targeting Chinese companies, Scale Ventures Partners closes $600M fund | BEAMSTART News

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Tech business news digest: Highlights on tech business news around the world on 04 December 2020.


CHINA:

1. Gen Z’s Favorite Video Sharing Site Bilibili Expands into Film Industry

2. BlueCity Shows Strong Growth in Q3 2020 Financial Results

3. Beijing city government’s PE arm will not invest in property rental firm Danke

4. XPeng partners with audio platform Lizhi FM 荔枝 for in-car audio products

5. LemonBox, a DTC brand for personalized vitamins products, closed multi millions USD in Pre-A, led by Panda Capital


MOBILE-ONLY MARKETS:



1. Flipkart’s digital payments firm PhonePe to raise $700 million from existing investors

2. India’s VenturEast leads $5.1m series B round in industrial IoT startup Infinite Uptime

3. India’s digital pocket money app for kids Junio raises $3m seed funding

4. Tazapay, a cloud-based trade management platform for SMEs, raises US$3.2M from Sequoia India, Surge, Saison Capital

5. Indonesia’s e-logistics startups deliver profit and growth amid chaos

6. Sequoia India’s Surge leads $2m round in Indonesian automotive service firm Otoklix

7. Grab tells staff it’s “in a position to acquire” after Gojek merger report

8. RISE tech conference to move to Kuala Lumpur in 2022 with MDEC partnership


CROSS-BORDER:

1. Trump administration adds China’s SMIC and CNOOC to Defense blacklist

2. US approves delisting bill targeting Chinese companies

3. Brazilian soy farmers try 5G technology with Huawei equipment

4. US gaming platform Roblox licensed for release in China, as company plans to go public


OVERSEAS:

1. Trump signs order on principles for U.S. government AI use

2. Covid has accelerated the adoption of online food delivery by 2 to 3 years, Deliveroo CEO says

3. Scale Ventures Partners closes $600M fund

4. Bill Gates just released a plan for US leadership on climate change, including $35B in funding

5. Google fires co-lead of its Ethical AI team

6. MLCommons debuts with public 86,000-hour speech data set for AI researchers

7. VSCO acquires mobile app Trash to expand into AI-powered video editing

8. Everlywell Lands $175M For Virtual Care Offerings

9. Sourcegraph, a code search startup for developers, lands $50M Series C

10. Taking on the business scenario-planning giants, Pigment raises a $25.9M Series A led by Blossom Capital

11. Ultimate.ai lands $20M for customer service

12. AI construction startup Versatile raises a $20M Series A


13. ANYbotics, Swiss company behind quadrupedal ANYmal robot, announces $20M A round

14. Fintech startup Yardline banks $10M to fund Amazon sellers

15. Folx Health Secures $4.4M Seed To Build The New Standard For Queer, Trans Health Care

16. Fantasy startup Esports One raises $4M more

17. Financial app FloatMe Banks On $3.7M Seed To Prevent ‘Vicious Cycle’ Of Overborrowing

18. Pave raises millions to bring transparency to startup compensation


This digest is contributed by Chinaccelerator.

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