CHINA:
1 Xiaomi reports 3.1% revenue growth in Q2 despite restricted production in India
2 .Ant Group to launch what could be the worlds’ biggest IPO soon
3. Alibaba invests in trade-focused CRM software maker Xiaoman 小满科技 .
4 Chinese electric-car maker Xpeng raises US offering size to $1.5bn
5. AI voice unicorn Sbichi 思必驰 closes RMB 8-digits Pre-IPO funding round
6. Chinese Private Rocket Developer iSpace Raises $172M in Series B Funding
7 Chinese Online Education Platform Huohua 火花思维 Raises $150M
8 Chinese edtech firm Kaikeba.com 开课吧 splits from Huike, raises $80m in Series A
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
Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here
MOBILE-ONLY MARKETS:
1. Singapore’s Temasek-backed startup JurisTech wants to transform AI black boxes into glass ones
2. Malaysian fintech firm JurisTech acquires financial comparison site iMoney
3. Vietnamese motorbike e-commerce startup OKXE bags USD 5.5 million in South Korean-led Series A round
4 Vietnam’s NextPay aims to raise $60-100m in pre-IPO private placement
CROSS-BORDER:
1 Indonesian group-buying startup KitaBeli bags seed funding from East Ventures
2. Ant Group’s IPO documents indicate its joint control in Indian payments firm Paytm
3. Alibaba won’t invest in India for at least 6 months: report
4. Tencent Esports Unveils First Franchising Partner List: Kappa, Razer, ASUS, SKG, and Tim Hortons
5 TikTok CEO Kevin Mayer quits following Trump’s threat to ban the app
OVERSEAS:
1. Funding for mental health-focused startups rises in 2020
2. Spotify is developing a ‘virtual events’ feature
3 Facebook updates Messenger Rooms as Zoom sits at top of the App Store
5 Turning Software Companies Into Payments Companies: Finix Adds $30M To Series B
7 SaaS startup Grid raises $12M Series A to turn spreadsheets into visual ‘narratives’
8. Property tech startup Habi raises $10M to drive expansion in Latin America
9. Austin’s Fox Robotics raises a $9M Series A for its robotic forklifts
Image Credits: Deal Street Asia