Captain's Log, Sept 22: Baidu launching US$1.5B fund for autonomous vehicle startups, Abof.com to shut down

Also, HelloGold closes Series A round, Thailand planning to build new digital park 

Google to buy part of HTC smartphone team -- namely the Pixel team -- for US$1.1B

As part of the agreement, Google will also receive a non-exclusive license to HTC's intellectual property (IP) 

Venture debt fund InnoVen invests US$15M in Indian online travel platform Yatra

The capital will be utilised to meet the growth and diversification needs of Yatra and to add new services 

MyDoc raises US$5.2M Series A funding round led by UST Global

Wavemaker Partner also participated in the latest funding round for Singapore-based MyDoc 

Malaysian startup CapitalBay raises US$477K to speed up business invoice payments

CapitalBay says it allows SME suppliers to receive early payments at attractive rates 

China's top online-only insurer ZhongAn sets terms for Hong Kong IPO as Softbank weighs in

ZhongAn plans to issue 199 million new shares at HK$53.70 (US$6.88) to HK$59.70 apiece for an up to HK$11.9 billion (US$1.5 billion) IPO on the Hong Kong Stock Exchange 

Are ICOs a scam or a blessing upon the startup ecosystem?

ICOs allow startups to bypass VCs and court funding from mom-and-pop investors, but are they sustainable? 

Group buying platform Power2SME raises US$36M from Inventus, Accel, others

Power2SME aggregates demand from SMEs for most commonly-acquired raw materials and procures and sells these at competitive prices 

Digital currency startup Luno raises US$9M Series B, further expands in Europe

Luno expanded to 35 new markets following its latest funding round led by Balderton Capital 

Going cashless will bring about borderless and efficient economics: Piruze Sabuncu of Stripe

Sabuncu also said that the reason why more people don't use cashless more often could because existing payment options are already convenient enough