1. China passes data security law as it continues to crack down on tech giants

2. Startups raise $5.1b from PE-VC investors in May, down 8.9% from April

3. Luckin’s Ex-Chairman Lu Zhengyao Becomes Judgment Debtor for Third Time, Faces $188 Million Fine

4. WeChat expanding e-commerce reach with mini program integration on JD, Xiaohongshu

5. Alibaba Health-backed medical data company LinkDoc files for US IPO

6. China’s HiFiBiO Therapeutics bags $75m Series D led by Mirae Asset Financial Group


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1. Singaporean automotive marketplace Carro says raises $360 mln to become unicorn

2. AirAsia steps into the online grocery delivery ring in Singapore

3. Singtel-owned HungryGoWhere shuts down amidst COVID-19 crisis

4. Blockchain firm Coinomo backed by 17Live founder wins funding from Vertex, Razer’s VC arm

5. UBS investment makes Byju’s the most valuable startup in India

6. Tiger Global in talks to invest in Indian edtech startup Classplus at over $250 million valuation

7. Indian online fresh produce startup Licious banks $65m in series F money

8. Temasek and General Atlantic in talks to back Indian neobank Open

9. Google-backed Glance to buy Indian social commerce platform Shop101 for $40-45m

10. Sequoia-backed community marketing startup Convosight banks $9m in Qualgro-led round

11. Indian B2B food and grocery marketplace Jumbotail lands $4.8m from Alteria Capital

12. Indian contract management startup SimpliContract banks $1.8m in Kalaari-led seed round

13. India-based ticketing platform BookMyShow lays off 200 employees

14. Indonesia aims to sell only electric-powered cars, motorbikes by 2050

15. Carsome said to be in talks to raise over $200m, may become Malaysia’s second unicorn

16. Vietnam’s BHL Education said to be in talks to raise $20m to expand ops



1. Samsung enters Europe with Vodafone 5G network deal in Britain

2. Singapore’s GIC injects USD 70 million into Hong Kong-listed digital asset platform BC Group



1. Amazon will overtake Walmart as the largest U.S. retailer in 2022, JPMorgan predicts

2. VW says data breach at vendor impacted 3.3 million people in North America

3. SOSV, the global venture firm, just closed a $100 million fund to back its maturing startups

4. owner Automattic acquires journaling app Day One

5. Israeli startups smash funding records, reel in USD 10.5 billion in 6 months

6. Online grocer Boxed going public in $900M SPAC deal

7. Fresha raises $100M for its beauty and wellness booking platform and marketplace

8. Immersive Labs Lands $75M To Help Companies Improve Cyberskills

9. Motorway picks up $67M to sell used cars

10. The Pill Club takes on primary care with $41.9M in fresh funding

11. Hello Alice Puts $21M Series B To Work Connecting Business Owners To Capital, Resources

12. Incari, a developer of next-generation human-to-machine interfaces, raises $15M Series A

13. Fraud protection startup nSure AI raises $6.8M in seed funding

14. Anrok raises $4.3M to solve sales tax for SaaS companies

15. Finley Inks $3M To Streamline Debt Capital Management

16. Framework Raises $3M Seed To House Goal-Based Communities

17. raises USD 3 million to curtail mosquito population using AI


Image Credits: TechCrunch

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