CHINA:
1. Huawei makes significant investment in smart car solutions, lidar technology
2. China’s Tencent starts fund advisory services to tap asset management
3. Tencent buys into battery-recharging facility operator Xiaolvren 小绿人
4. JD.com invests in convenience store chain Fook to complete its retail network
5. Pinduoduo launches fashion mini program on Wechat
6. ByteDance buys Chinese medical knowledge platform Baike Mingyi 百科名医 for $72m
7. Flash sale retailer Vipshop 唯品会 eyes secondary Hong Kong listing
8. Moka, the HR tool for Arm and Shopee in China, closes $43M Series B
9. AI medical imaging startup Keya raises $22m
Check out our latest podcast about “How Citybox Finds Own Position Among Fierce Unmanned Retail Competitions, with Co-founder & COO Neo Lv” here
Check out our latest blog post about “Founders Explain How They Succeeded with Their MVPs” here
MOBILE-ONLY MARKETS:
1. India’s first private space launch startup Skyroot succeeds with upper-stage engine fire test
2. Egyptian payments startup Paymob raises USD 3.5 million to fuel its regional expansion
3. Indonesian fishery startup Aruna raises USD 5.5 million from East Ventures, AC Ventures, and SMDV
5. Vertex leads $14m in Cardinal, an AI-driven enterprise resource planning startup
CROSS-BORDER:
1. SoGal Ventures closes debut $15m fund, eyes second vehicle in 2021
2. ByteDance in talks with India’s Reliance for investment in TikTok
3. Disney+ Hotstar to launch in Indonesia in September
OVERSEAS:
1. Trump administration asks court to dismiss Big Tech’s challenge to social media executive order
3. Lyft maintains end-2021 profitability goal even as COVID-19 guts demand
4. Walmart and Instacart partner for same-day U.S. delivery in fight against Amazon’s Whole Foods
5. Cisco’s first-quarter forecast disappoints, shares fall
6. Facebook, Snap held talks to buy TikTok rival Dubsmash
7. American software company Duck Creek seeks $3B valuation for its software IPO
8. Bayer, Temasek-Based Company Unfold Enters Vertical Farming With $30M Investment
9. Revenue intelligence startup Gong Raises $200M At $2.2B Valuation
10. Tencent-backed US drug discovery firm Atomwise closes $123m Series B round
11. Industrial-grade VR company Varjo picks up $54M in Series C funding
12. Digital mortgage company Habito completes £35M Series C
13. New $30M Series B Helps Reify Health Power Clinical Trials
14. Rebuilding The Trucking Insurance Market: HDVI Closes $16M Series A
15. Klima’s New Climate App Takes Flight With $5.8M Seed
16. Merico raises $4.1M for its developer analytics platform
17. Adaptive Shield raises $4M for its SaaS security platform
18. Allergy Amulet Lands $3.3M Seed Round For Food Allergen Sensor
Image Credits: TechCrunch