1. Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

2. Research Predicts China Bitcoin Carbon Emissions Will Reach 130M Metric Tons In 2024

3. Xiaomi, Kuaishou-backer 5Y Capital closes new USD, RMB funds at over $2b

4. China slaps Alibaba with $2.8 billion fine in anti-monopoly probe

5. China’s Didi Chuxing raising $1.5 billion in debt as it nears blockbuster IPO

6. VIPKid downsizes group class platform Dami Wangxiao

7. Chinese EV battery firm CATL to shore up cobalt supply with US$137.5 million stake in China Moly mine

8. Chinese Discount Retailer Vipshop in Hot Water After Being Accused of Selling Fake Gucci Belts

9. Niu to open 10,000 stores in China in next five years

10. China’s AI drug discovery platform StoneWise bags $100m in Series B, B+ rounds


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1. Indonesia’s Traveloka said to eye $5B SPAC deal

2. Singapore-based MVLLabs snags US$15M Series B to develop 3-wheeler EV

3. Singapore gov’t investment unit joins $8.1m round in telemedicine startup WhiteCoat

4. Blockchain ride-hailing startup lands $15m to launch EV tuk-tuk in Cambodia

5. Vietnam’s VNG hits $261m revenue in 2020, but net profit slides

6. Indian venture debt firm raises $177m in first close of its growth-stage fund

7. Indian deal review: big-ticket deals boost startup funding by 72% YoY to $2.4b in March

8. Indian used-car retailing startup Spinny snags $65m led by General Catalyst



1. Garena Free Fire tops Tencent’s PUBG Mobile for the first time in the US



1. Venture funding soared to record $64 billion in Q1

2. The U.S. is facing a lithium-ion battery shortage as electric vehicle production ramps up

3. Microsoft in advanced talks to buy Nuance for about $16 billion

4. Elon Musk’s Neuralink explains how a monkey used its brain-computer tech to play Pong

5. AB InBev, Werner Enterprises to test Embark driverless truck technology

6. Peter Thiel-backed firm takes majority stake in a brain computer interface start-up ATAI Life Science

7. Corporate catering company Elior acquires food delivery startup Nestor

8. Mortgage is suddenly sexy as SoftBank pumps $500M in at a $6B valuation

9. SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group

10. FlyTech wins two-year pilot contract for drone deliveries in Israel

11. SnackMagic picks up $15M to expand from build-your-own snack boxes into a wider gifting marketplace

12. No-code publishing platform Shorthand raises $8M

13. Vybe raises $2.9 million for its challenger bank for teens

14. Wonder Dynamics raises $2.5M seed to equip indie filmmakers with AI-powered VFX


Image Credits: New York Times

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