CHINA:
2. Alibaba’s Ant Group seeks to dominate SE Asia e-payment with IPO
3. Alibaba sets new livestreaming sales goal for 2020
4 Xiaomi market value reaches HK$600b, share price soars 6%.
5 Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round
6. Baidu Cloud computing center officially settles in Shunde district, Foshan city
7 BGI Group’s gene-sequencing equipment unit moves towards A-share IPO
8 Chinese semiconductor chip firm Li-On eyes $292m in Shanghai IPO
10. Chinese ready-to-wear mixed reality devices startup Nreal completes $40m Series B1 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. Indian firms to spend half of cloud budget on hybrid in next 3 years: IBM survey
2. India: Realty tech startup Strata raises $19m
3 India: TVS Motor puts $4m more in electric motorcycle startup Ultraviolette
CROSS-BORDER:
1. PUBG ban comes as a jolt to Tencent’s plans
2. US sanctions drive up Huawei handset prices as company grapples with impending chip shortage
3. Cognizant signs pact to acquire US cloud company 10th Magnitude
4 Alpha Wave fund invests in solar software startup SenseHawk, to set up India team
5 Makers Fund, Courtside lead $18m funding in Indian gaming startup Winzo
6. Openspace leads $3m Series A in Thai agritech startup Freshket
OVERSEAS:
1 France to spend $8.4b on digital as part of stimulus plan
2 Amazon, Verizon resume talks to pick stake in struggling Vodafone Idea
3 Apple stock has worst day since mid-March
4. Apple introduces ‘offer codes’ to entice app users with free and discounted subscriptions
5. Demodesk snags $8m Series A to continue developing sales demo platform
6 Medtech startup uMotif raises £5m from AlbionVC, as COVID-19 accelerates remote clinical studies
7 Avo raises $3m seed round funding for its analytics governance platform
9 Israeli medtech startup CorNeat Vision uses patented implants to treat blinding diseases
11 New Zealand Company Rocket Lab secretly launched its very first satellite, ‘First Light’
Image Credits: The Straits Times