CHINA:
1. China bans financial, payment institutions from cryptocurrency business
2. China’s Baidu beats quarterly revenue estimates on cloud, AI boost
3. Food delivery platform Ele.me fined for misleading pricing
4. Proterra Asia invests in Chinese yoghurt brand Simple Love
6. Chinese food delivery robot maker PuduTech bags funding from Sequoia, Meituan, others
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MOBILE-ONLY MARKETS:
1. Southeast Asia’s VCs close five funds in Q1, another 55 continue to amass dry powder
2. Egyptian furniture marketplace Homzmart lands $15M Series A for MENA expansion
3. Singapore tech giant Sea’s Q1 losses widen to $422m, revenue up 2.4x
4. Singapore biotherapeutics firm Hummingbird bags $125m in series C round
5. Singapore’s payment startup Thunes bags $60m from Insight Partners-led round
6. SGInnovate joins $2m round in martech startup Affable
8. Indonesian ecommerce major Bukalapak acquires 500 Startups-backed Itemku
9. East Ventures, Beenext lead Indonesian cross-border remittance startup Transfez’s seed round
CROSS-BORDER:
1. Shein overtakes Amazon as the most installed shopping app in US
2. Alibaba, partners invest $400m in Vietnam’s Masan Group to expand online groceries business
3. Singapore-based startup Affable.ai raises US$2M to expand its influencer marketing service to the US
4. Israel-based work management platform Monday.com to file for IPO on Nasdaq
OVERSEAS:
1. Health Diagnostic Startups Raised Record $4.8B In 2020, See New Opportunities Post-Pandemic
2. Electric scooter rentals to launch in London next month
4. IBM to acquire Salesforce partner Waeg
5. Kia’s fast-charging EV6 electric crossover is coming to the U.S. in early 2022
6. UTEC, one of Asia’s largest deep-tech investment firms, launches new $275M fund
7. Beta Technologies adds $368 million in Series A funding for its electric aviation ecosystem
10. Secfi Secures $150M Round To Walk Employees Through Complex World Of Stock Options
11. Philadelphia-based customer analytics and subscription platform Piano Tunes Up New $88M Round
12. Fintech startup Vise raises $65 million in Series C led by Ribbit Capital
14. Commission-free trading app Stake secures $30M from Tiger Global to expand into Europe
15. Pizza robot-maker Picnic raises another $16.3M
16. Settle raises $15M from Kleiner Perkins to give e-commerce companies more working capital
17. Los Angeles D2C tea maker Tea Drops drinks in $5M
Image Credits: FashionNetwork.com