CHINA:
1. China saw over 30 billion mobile payment transactions in Q2 2020, up 27%
2. Ant Financial Aims To Raise $30B At $225B Valuation
3. Chinese pharma firm Easton eyes $193m in STAR Market IPO
4. Meituan Dianping Q2 Revenue Surges 8.9% to $3.58B, Beats Estimates
5. China is building a GitHub alternative called Gitee
6. ByteDance Acquires EdTech Startup NPY, Strengthens its Education Unit
7. Public blockchain startup Conflux lands second government deal
8. Online brand discount retailer Vipshop CFO Steps Down, Stock Price Plummets
9. Chinese AI startup 4Paradigm 第四范式 mulls listing on STAR Market
10. Online English Education Startup iPalfish Secures $120M
Check out our latest podcast about “Digital Transformation: Converting Consumer Data into Gold; with Kevin Lee (IKEA), Alexis Richez (ZTP), German Torrado (Genetsis) and Abel Zhao (Travelflan)” here
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MOBILE-ONLY MARKETS:
1. Malaysia’s Sunway Group plans to raise up to $300m for healthcare expansion
2. Malaysian special purpose vehicle Asia Dairy completes $240m acquisition of F&B Nutrition
4. India: Baring PE, others to invest $209m in private sector lender RBL Bank
5. Indian edtech firm Lead School raises $28m in Series C round
6. IL&FS to sell education arm Schoolnet India to Lexington Holdings
7. Indian logistics SaaS startup FarEye raises $13 led by Nilekani’s VC fund
8. India: Former Goldman fund manager buys Yes Bank’s mutual fund biz
9. Vietnam motorbike marketplace OKXE raises $5.5m in Series A funding
10. Ricult secures US$2M pre-Series A to help farmers increase yield, access online markets in Thailand
11. Singaporean fintech startup Nium posts $7.3m in revenue and $25.4m in losses
12. MassMutual Ventures leads $7m round of Singapore-based medtech startup See-Mode Technologies
CROSS-BORDER:
1. ByteDance to sue US government over the TikTok ban this week
2. US private equity firm Platinum Equity in talks to buy technology distributor HNA’s Ingram for $7b
3. Chinese EV maker XPeng eyes for $1.11 bn IPO in the US
4. India’s Zomato all set to raise at least $60m from Temasek arm
5. Indian e-commerce giant Flipkart ties up with Sastodeal, the largest e-commerce player in Nepal
OVERSEAS:
1. Goldman Sachs said to mull raising $2b for new venture fund
2. Silicon Valley-based agrifood tech investor AgFunder in the market to raise $30m global impact fund
3. Microsoft plans cloud contract push with foreign governments after $10 billion JEDI win
5. Australia’s alternative credit firm Afterpay buys Spanish company to expand into Europe
6. Medical imaging startup Nanox closes at $21.70, up 20.6%, after raising $165.2M in its IPO
8. FarEye Brings In $13M Series D Extension For Logistics Platform
9. As the pandemic creates supply chain chaos, Craft raises $10M to apply some intelligence
Image Credits: Al Arabiya