1. Game streaming platforms Douyu, Huya saw 34% growth in revenues in Q2 2020

2. Video-based social media platform JOYY Inc. Q2 revenue surges to $826M

3. Baidu Q2 revenue shrinks, warns of further decline

4. NIO’s Overseas VP Resigns, Momenta R&D Director Ren Shaoqing 任少卿 to Take Over

5. Alibaba, Xiaomi and WuXi Biologics to join HK’s Hang Seng Index next month

6. ramps up China logistics expansion with US$432 million deal to acquire Kuayue Express 跨越速运集团

7. SDIC-backed CEO Environmental Protection Technology secures $121m ahead of STAR Market IPO


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



1. India: Power transmission project developer Sterlite Power sells 14.7% stake in IndiGrid for $112m

2. Monetary authority of Singapore earmarks additional $182m to boost fintech innovation

3. Mapletree Industrial to sell data centre to Equinix Singapore for $91.2m

4. Singaporean credit-scoring firm LenddoEFL could face bankruptcy over $600k in unpaid fees

5. Indonesian Bukalapak co-founder joins MDI Ventures as Chairman of Board of Commissioners



1. Virginia pension fund commits $125m to KKR’s fourth Asia buyout fund

2. Russia’s Sistema Asia Capital in the market for $120m SE Asia-focused fund

3. Swiss impact investor BlueOrchard to launch second global PE fund with “special core” on Southeast Asia

4. Singapore’s Temasek acquires stake worth $3.5b in BlackRock

5..Amazon launches online pharmacy in India

6. IFC mulls $142m loan to Shanghai-listed discount pharmacy chain LBX Pharmacy

7. Impact fund SEAF invests in PH accounting services provider CloudCfo

8. Chinese loan app Moneed leaked over 350M India users data from server in China

9. US regulator is investigating Chinese video-streaming platform Iqiyi for financial fraud

10. Israel’s Coralogix to invest over $30m in India in 5 years 

11. SG-based online invoice trading platform Incomlend eyes Asia, Europe expansion with $20m top-up

12. Singapore-based B2B software provider Anchanto raises US$12M from MDI Ventures and Asendia AG



1. With a new general partner, early-stage venture firm Initialized Capital garners $230 million for fund five

2. Texas pension fund commits $75m to Actis’s latest energy fund

3. As it adds Jeremy Milken to the partnership, Watertower Ventures nears $50 million close for its new fund

4. Gaming giant Nvidia may acquire ARM to gain foothold in smartphone ecosystem

5. Warner Music acquires IMGN, a social media publishing platform, for under $100M

6. Controversial facial recognition software maker Clearview AI landed new facial recognition contract with US government agency ICE

7. Clothing Retail Startup Rent the Runway to Close All Retail Stores Permanently

8. Revlon Lenders Defy Citi Demand to Return $900 Million Payments

9. Plant-based food production startup Impossible Foods raises another $200M

10. Wildlife Scores Vulcan-led $120M Series B Financing To Propel Mobile Game Platform

11. Thirty Madison raises $47 million for its direct to consumer treatments of hair loss, migraines and indigestion

12. Birmingham-based Help Lightning raises $8 million for its remote training and support tools


Image Credits: Yahoo Finance

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