CHINA:
1. Asia wealth managers pull out all stops to get clients on Ant IPO
2 China’s market for gaming cheats tops $293m despite crackdown.
3. Wuhan ambitious to build China’s largest 5G autonomous car fleet
4. CEO Lei Jun: Xiaomi will focus on European market in next 2 years
5. Ant Financial 蚂蚁金服 aims to raise $30b at $225b valuation
6. Chinese private space launch company i-Space completes RMB 1.2b Series B round funding
7. Chinese AI startup Funstory.ai 推文科技 closes RMB 7-digit Series A+ round funding
Check out our latest podcast about “Managing a $1 billion pre-IPO fund; with Sophie Yao (Pegasus Tech Ventures)” here
Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here
MOBILE-ONLY MARKETS:
1 Singapore’s health analytics startup Biofourmis snags $100m led by SoftBank Vision Fund 2
2. Singapore’s digital health startup Mobio Interactive secures $1.8m in seed funding
3 Singapore’s telco Singtel launched 5G non-standalone network
4. HSBC Global Research values Indian food delivery giant Zomato at $5 billion
5. India’s online learning platform Unacademy raises $150m at $1.45b valuation
7 Indonesia’s e-commerce startup Blanja.com ceases operation
CROSS-BORDER:
2. India bans 118 Chinese apps, including Tencent’s hit games, as border tensions flare up
3. Chinese e-learning firm GXS Techedu 跟谁学 probed by US after inflated sales complaints
4. Apple alum’s jobs app for India’s workers secures $8m
OVERSEAS:
1 Edtech startups find demand from an unlikely customer: Public schools
2 Microsoft releases deepfake detection tool ahead of US Election
3. Samsung shares could rise 50% as chip business gets a boost
4 Zoom shares drop following Tuesday’s 40% surge
5 Competitive mobile game maker Skillz will do a quick IPO at $3.5b valuation
6 Brazilian fintech startup Neon Pagamentos raises $300m Series C
7 Transposit scores $35m to build data-driven runbooks for faster disaster recovery
8 Dubai-based e-commerce platform Awok shuts down a year after raising $30m Series A round
9 AI-driven workforce management startup Legion raises $22m
11 Process automation startup Hypatos gets $11.8m for a deep learning approach to document processing
Image Credits: Global Times