1. Alibaba shares rise 2% after Beijing orders Ant Group to revamp business

2. China’s revamp of Ant dents investor appetite for IPO revival

3. China’s may raise up to $1.09b in HK listing

4. Binance Labs leads $1.6M seed round in DeFi startup MOUND, the developer of Pancake Bunny

5. Leshi, once hailed as ‘China’s Netflix’, and founder Jia Yueting hit with fines worth US$73.6 million in China for financial fraud

6. DJI Launches Intelligent Driving Business

7. Sherpa’s fined over monopoly on delivering food to foreigners in Shanghai

8. Xiaomi invests in cloud gaming services developer Welink


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1. Vietnamese electric motorbike startup Dat Bike raises $2.6M led by Jungle Ventures

2. Nigerian fintech Appzone raises $10M for expansion and proprietary technology

3. Shopee Indonesia denies claims of underpaid in-house couriers going on strike

4. BNPL firm BillEase partners with 2C2P for expansion in the Philippines

7. Social commerce in India to be $7b opportunity by 2025

8. India: Nykaa Fashion buys online jewelry retailer Pipa Bella

9. WeWork India raises $26.6m to grow biz

11. Indian edtech startup LearnVern rasies $1 million 



1. Twitter to open first Africa office to tap fast-growing market

2. Tiger Global leads $100 million investment in Indian social commerce DealShare

3. Chinese autonomous vehicle startup WeRide scores permit to test driverless cars in San Jose

4. Grab to merge with US blank-check firm Altimeter at $40b valuation

5. Temasek, BlackRock partner to invest $600m in decarbonization fund

6. Tencent Cloud opens first data center in Indonesia

7. SG’s Affirm Capital secures $403m first close of fifth Korea fund, invests in T Map Mobility

8. Temasek leads $200m funding in Chinese dental services provider Arrail Group



1. EVs could make up 45 per cent of car market globally by 2040, Fitch says

2. Microsoft buys speech recognition firm Nuance in a $16 billion deal

3. Intel in talks to produce chips for automakers within six to nine months

4. HSBC bans customers from buying bitcoin-backer MicroStrategy shares

5. Berlin Brands Group raises $240 million in debt for e-commerce deals

6. Cybersecurity start-up Darktrace plans to go public in London despite Deliveroo’s IPO flop

7. Software maker UiPath aims for nearly $26 billion valuation in U.S. IPO

8. EV automaker Rivian partners with Samsung SDI in battery cell supply deal

9. Insurtech company The Zebra Becomes A Unicorn With $150M Series D

10. Tend bites into $125M to expand dental studios

11. Memic lands $96M for surgical robot

12. Grover raises $71M to grow its consumer electronics subscription business

13. Battery Resourcers raises $20M to commercialize its recycling-plus-manufacturing operations

14. Cybersecurity training startup Hack The Box raises $10.6M Series A led by Paladin Capital

15. DoControl Raises $10M As SaaS Application Use Grows


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