CHINA:
1. Tencent Music beats result estimates on subscription, ad boost
2. JD Logistics, China’s answer to Amazon’s logistics ambitions, to raise $3.4B in IPO
3. Tencent launches 60 new video games, partners with Microsoft as rivalry with ByteDance heats up
4. Chinese Automaker GAC and Didi Chuxing to Jointly Develop Self-Driving Electric Cars
5. China OTA Tongcheng-Elong’s monthly active users grew 58% in Q1 2021
6. China’s Quora Zhihu’s monthly paying members more than doubled in Q1 2021
7. Tencent officially launched a Pinduoduo competitor called Xiao’E Pinpin
8. Supply chain-focused Chinese VC Buhuo Ventures closes master fund at $242m
9. Chinese EV ops platform DST nets $100m funding led by IKEA’s Ingka
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MOBILE-ONLY MARKETS:
1. India’s Pine Labs, a provider of merchant commerce tools, has first close on $285M round
3. KKR invests $95m in SoftBank-backed Indian unicorn Lenskart
4. Indonesia’s Gojek, Tokopedia to create biggest local tech group
5. Indonesian MSME Bookkeeping startup BukuKas raises $50m in Sereis B funding
6. Money Forward leads $18m series D round of Indonesian SaaS firm Mekari
7. Gojek starts car-hailing service in Vietnam in challenge to Grab
8. Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA
10. Singapore cloud kitchen Grain raising funds led by hospitality major Lo and Behold
11. ESPL raises pre-Series A to grow its e-sports tournament for grassroot gamers
12. Vietnamese ecommerce startup Tiki said to seek up to $200m in new round
CROSS-BORDER:
1. Samsung Electronics could begin construction of new U.S. chip plant in Q3
2. Walmart acquires Israeli virtual fitting room startup Zeekit
OVERSEAS:
1. AT&T announces $43 billion deal to merge WarnerMedia with Discovery
2. Amazon in talks to buy MGM movie studio
3. Twilio to buy text messaging platform Zipwhip for $850 million
4. SK Hynix seeks talks to buy Korea-based chip contract manufacturer
5. Industrial automation startup Bright Machines hauls in $435M by going public via SPAC
6. Bill payment platform Paymentus files to raise up to $241.5M in IPO
7. Moglix, an online marketplace for business supplies and industrial equipment, raises $120M
8. French startup Ankorstore raises another $102 million for its wholesale marketplace
9. Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs
10. Collectible Platform Rally Speeds Into New Asset Categories With $30M Series B
11. AI-powered Jerry raises $28M to help you save money on car insurance
12. No-Code App Builder Adalo Closes Tiger Global-Led Series A
Image Credits: SCMP