CHINA:
1. Dingdong Maicai downsizes US IPO by more than 70% after MissFresh flops
2. Baidu-Geely EV venture Jidu hires ex-Cadillac exec to lead design studio
3.Sales management SaaS provider 销帮帮CRM closed Series B of 50 million RMB
4 Raythink’s augmented reality car displays attract Series A investment
5. Tea brand 椿风 closed Series Pre-A of tens of millions RMB
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MOBILE-ONLY MARKETS:
1. Vietnamese investment app Infina lands $2M seed round
3. Singapore VC firm leads seed round of Pakistani fintech startup for MSMEs, CreditFix
4. Fave launches buy now, pay later service in Malaysia and Singapore
5. Ninja Van partners with convenience store chain to expand in the Philippines
6. Indonesia’s Alpha JWC files to raise $300m third VC fund
7. Indonesian no-code website builder Typedream raises seed funding from Y Combinator
8. Indian logitech startup GoBOLT raises $20m from Paragon, Aavishkaar Capital
9. India: Women wellness brand Nua raises $7.1m led by Lightbox
CROSS-BORDER:
1. Etsy acquires Brazilian online marketplace Elo7 for $217 million
2. Germany grants Coinbase license for crypto custody services
3. WhatsApp says hires former Amazon exec Mahatme to lead India payments
4. Chinese EV battery maker CATL extends deal with Tesla
5. Tencent makes $40m debt investment in Indian music streaming app Gaana
7. PUBG maker Krafton joins $9m round of Loco, YouTube’s game-streaming rival in India
8. Envision Group Plans To Build Battery Plant In France
OVERSEAS:
1. Consumer spending on apps hit record $64.9B in first half of 2021, but install growth slowed to 1.7%
2. SoftBank shrinks robotics business, stops Pepper production
3. YouTube faces close scrutiny in Europe’s new Google probe
4. Samsung unveils new smartwatch interface
5. Cybersecurity provider SentinelOne raises IPO range
6. Language-learning app Duolingo files to go public with revenues doubling year-over-year
7. Korean startup Kakao’s online lending biz looks to raise $2.3b in IPO plans
8. Discord acquires augmented reality startup Ubiquity6
9. Surgical robotics company CMR raises $600M
10. Tapcart, a ‘Shopify for mobile apps,’ raises a $50 million Series B
11. Real estate tech startup Side raises $50M more at a $2.5B valuation as it preps for an IPO
12. Fleet software startup LocoNav raises $37 million to expand in developing markets
13. BreezoMeter, the iPhone tool that measures air quality, raises a $30M Series C
14. Harness Wealth raises $15 million to democratize the power of family offices
16. Robotic beverage maker Botrista raises $10M
17. Prelude Raises $1.2M Seed To Fix Broken Recruiting Process
Image Credits: KrAsia