CHINA:
1. China Reports Over $10 Billion Esports Games Profit in First Half of 2020, Grows 54.7% YoY
3. Netease Cloud Music joins Alibaba customer-loyalty program
4. Chinese electric-vehicle start-up Karma accused of stealing US rival’s plans for a ‘luxury Humvee’
5. Chinese Adademy of Sciences-affiliated AI startup Wenge 中科闻歌 raises USD 29 million in Series C
6. Foxconn-backed B2B procurement platform Yungongchang 云工厂 closes USD 14.4 million Series B
7. CDM driven big data service provider eCloudTech snags new funding led by Lenovo Capital
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MOBILE-ONLY MARKETS:
1. Southeast Asia to see 310m digital consumers by end-2020
2. GoPay becomes a payment option on YouTube in Indonesia
3. Indonesian debt management app Credibook raises seed money from Insignia, Payfazz
4. Local payments platform-as-a-service firm PPRO raises US$50M
5. Blockchain-based ride-hailing firm TADA raises US$5M to manufacture e-vehicles for SEA market
6. Indonesian parenting app Orami in talks with investors to raise $15m
CROSS-BORDER:
1. Trump imposes U.S. ban on WeChat, TikTok in 45 days
2. Microsoft aiming to buy TikTok’s entire global business
4. Apple has removed almost 42,000 games so far in App Store licensing purge in China
5. Procurement automation platform Approve.com Raises $5M Seed To Enter US Market
6. Microsoft in talks to invest in Indian social media platform ShareChat
7. Delivery Hero is rebranding Otlob as Talabat, plans to create 50,000 freelance rider jobs in Egypt
OVERSEAS:
1. New York venture capital firm MetaProp Raising $200M For Fourth Proptech Fund
2. T-Mobile’s subscriber boost challenges AT&T for spot as second-largest U.S. carrier
3. Uber ride-sharing revenue plummets, food delivery more than doubles
6. Fortnite-Maker Epic Games Raises $1.78B
7. On-demand mental health service provider Ginger raises $50 million
8. Mode raises $33M to supercharge its analytics platform for data scientists
9. Office catering platform Thriver secures $33M Series B for workplace engagement tools
10. Crossbeam announces $25M Series B to keep growing partnerships platform
11. Infermedica scores $10M Series A for its ‘AI-driven’ diagnosis and triage platform
12. Orum Banks On $5.2M Seed Round For Money-Moving Platform
13. Ride-hailer TADA parent MVL bags $5m led by S Korean auto parts maker
14. Polish football star Lewandowski invests in video game company Movie Games
15. Special raises $2.26M to build a subscription platform for online creators
Image Credits: Reuters