1. Chinese VC firm Source Code Capital raises $1b for growth-stage investments

2. Li Ruigang, the powerful Chinese media mogul in control of TVB, plots IPO in Hong Kong, US markets for US$10 billion of assets

3. Grocery delivery app Dingdong bags USD 700 million, seeks to expand market

4. Chinese podcast giant Lizhi brings Clubhouse-like interactive audio to Tesla rival Xpeng

5. Didi to Enter Automobile Manufacturing Business

6. JD Technology Withdraws Its IPO Application to the Shanghai Stock Exchange

7. XPeng Sets New Benchmark in China’s Longest Autonomous Driving Challenge

8. Clothing SaaS vendor Ecool gains USD 15 million in strategic investment from Jushuitan

9. Taiwan-based MLOps startup InfuseAI raises $4.3M Series A led by Wistron Corporation


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1. India’s CRED raises $215M for payment rewards platform

2. Ola Electric names ex-Hyundai exec as head of global sales, distribution

3. Indian car maintenance startup Pitstop banks $3.5m in VenturEast-led round

4. Indian baby products startup SuperBottoms raises $2m Series A

5. Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups

6. Rocket Internet-backed coffee startup Flash Coffee bags $15m funding, to hire 2,000 employees

7. AirAsia to raise $300m for digital unit to fuel super-app ambition, sources say

8. Indonesian listed lender Bank Amar in talks to raise up to $100m



1. Fintech start-up Stripe enters the Middle East with UAE launch

2. South Korea’s SK Hynix near deal to supply auto chips to Germany’s Bosch

3. India court says ByteDance must deposit $11 million in tax evasion case



1. AXA Venture Partners raises 250M euros for growth fund

2. New Jersey announces $10M seed fund aimed at Black and Latinx founders

3. Facebook says data on 530 million users ‘scraped’ before September 2019

4. Carrefour expands express grocery delivery partnership with Deliveroo

5. Samsung Electronics says Q1 profit likely rose 44%, matching expectations

6. Silicon Valley self-driving startup Gatik works with Isuzu to build delivery trucks

7. Mobile retailer Enjoy eyes SPAC deal

8. Software firm Canva valued at $15 billion after latest investment

9. OneStream raises $200M, now valued at $6B after its enterprise-focused financial software sees a surge of use

10. Audio app Clubhouse in talks to raise funds at $4 billion valuation

11. Clubhouse launches payments so creators can make money

12. Japan’s buy now, pay later startup Paidy bags $120m Series D funding

13. Sendbird raises $100M at a $1B+ valuation, says 150M+ users now interact using its chat and video APIs

14. Brighton-based MPB snaps up $69M to build out its used camera equipment marketplace

15. ThreatQuotient Looks to Solve The Cyber Problem, Raises $22.5M

16. OnlineMedEd Expands Global Medical Education Following $20M Growth Round

17. Bartesian bags $20M as e-commerce alcohol sales rise

18. U.K.-based health tech company Zedsen inks $12M

19. Rapid raises $12M for its manufacturing robotics

20. Real raises $10M from Lightspeed, Megan Rapinoe and others to rethink therapy

21. Casted raises $7M to scale its B2B podcast platform

22. Note-taking app Mem raises $5.6 million from Andreessen Horowitz


Image Credits: Global Times

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