1. China’s Ant Group CEO leaves after failed IPO prompts revamp

2. Tencent is next in line to face Chinese antitrust regulators

3. Chinese regulators consider levying $975m fine against Alibaba

4. Alibaba-backed AI startup Megvii files for IPO in Shanghai

5.’s property arm to raise $700m in Warburg, Hillhouse-led round

6. Xiaomi-backed Chinese mobile solutions firm Longcheer nets $100m in series B round


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1. India to propose cryptocurrency ban, penalising miners, traders

2. Indian D2C beauty and personal care brands become a darling of VCs

3. Oyo Singapore secures US$204M loan facility from SoftBank

4. Sequoia-backed managed accommodation provider Stanza Living in final stages of raising up to $120m

5. India: Beauty brand Juicy Chemistry raises $6.3m led by Verlinvest

6. Sequoia-backed Indian co-working startup Awfis nets $5.5m in funding

7. Beenext leads $3m series A round of Indonesian restaurant management startup

8. Robots to provide on-demand delivery services in Singapore

9. Temasek-backed Openspace Ventures closes its third Southeast Asia fund at $200m

10. Vietnam accelerator ThinkZone ties up with BK Fund to raise $10m investment vehicle

11. VNG invests US$6mn in Got It, to launch premium instant P2P gifting solution in Vietnam

12. Indonesian P2P lender ALAMI buys local Sharia rural bank, plans to raise more funds



1. Japanese tech giant Rakuten to raise $2.2 billion by issuing new shares to Walmart, Tencent and Japan Post

2. Court ruling suspends U.S. ban on investment in Xiaomi

3. Tiger Global in talks to invest in young Indian social network Kutumb at $170M valuation



1. Stripe raises new capital, reaching $95 billion valuation ahead of highly anticipated market debut

2. AT&T raises HBO Max subscriber forecast, sees 120 million to 150 million by the end of 2025

3. Database company Couchbase said to file confidentially for IPO

4. Oman blocks audio app Clubhouse citing lack of permit, but some fear censorship

5. Isreali cybersecurity startup Cynet raises USD 40 million for the first ever autonomous XDR platform

6. Clubhouse has now reached 12 million worldwide downloads

7. Assembled lands $16.6M for work management platform

8. HeraSoft Looks To Stop Ransomware Attacks After $5M Series A

9. GloveBox Inks $3M To Outfit Insurance Agents With Mobile Functionalities

10. TaxDown banks ~$3M for tech that helps people get their taxes done


Image Credits: SCMP

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