CHINA:
1. China’s new tech export rules could give Beijing a say in TikTok sale.
2. Shenzhen looks to draw tech firms with new dual-class share rule
3. Jack Ma’s Ant fuels tech IPO frenzy not seen since dotcom bubble
5 Chinese biopharmaceutical startup Sinovent 信诺维 Raises RMB 1B Series C round funding
6. Beijing-based medical AI startup Shukun Technology 数坤科技 completes RMB 200M B-round funding
7 Dreame Technology 追觅科技 completes RMB 8-digit B+ round funding
8 Chinese Exoskeleton Robot Startup Mile Bot 迈步机器人 Secures Series A Round
9. Taiwanese chip designer MediaTek seeks licence to supply Huawei amid US sanctions
10. Chinese game engine creator Cocos is the fast-food equivalent of Unreal, powering hit mobile titles
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 Online retail market in India to become more than USD 100 billion industry by 2024
2. Indian edtech firm Byju’s raises $122M from DST Global
CROSS-BORDER:
1. Tencent Esports Partners With Rolls-Royce, McLaren, Sony, and 361° for QQ Speed Esports
2. Entertainment platform Triller said to have made $20B bid with Centricus for TikTok assets
3. Huawei launches Spark programme to accelerate deep tech startup growth in Singapore
4. Chinese ride-hailling giant Didi launches service in Russia
5. NIO Plans to Offer 75 Million ADSs, Targets $1.5 Bln to 1.7 Bln
6. Japan’s Daiwa gets nod for majority-owned China securities JV
OVERSEAS:
1 Fintech firms outrun global financial institutions in profit and valuation in April-June quarter
2. Global video editing software market is expected to hit USD 1.1 billion by 2025
3 Saas stocks survive earnings, keeping the market warm for software startups, exits
4. Apple launches AI/ML residency program to attract niche experts
5 Apple rejects Facebook app that tells users that Apple takes 30% cut of in-app purchases
6. Amazon orders 1,800 electric vans from Mercedes for deliveries
9 Startups: Unity, JFrog, Asana, Snowflake and Sumo Logic file for IPOs in rapid-fire fashion
Image Credits: Automotive News