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


Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here

Subscribe to Daily Digest Newsletter here



1. India’s Pine Labs, a provider of merchant commerce tools, has first close on $285M round

2. India’s Moglix, an industrial business-to-business marketplace, valued at $1 billion in $120 million fundraise

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

9. The proptech startup Hmlet gets $6m lifeline from Sequoia, Burda, and others; shuts down Australia ops

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



1. Samsung Electronics could begin construction of new U.S. chip plant in Q3

2. Walmart acquires Israeli virtual fitting room startup Zeekit



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

Start typing and press Enter to search