1. Indexes plunge in Hong Kong, China as Wall Street’s bloodbath spills over to Asian stock markets, weighing on technology firms

2. Alibaba’s Ant Group seeks to dominate SE Asia e-payment with IPO

3. Alibaba sets new livestreaming sales goal for 2020

Xiaomi market value reaches HK$600b, share price soars 6%.

Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round

6. Baidu Cloud computing center officially settles in Shunde district, Foshan city

BGI Group’s gene-sequencing equipment unit moves towards A-share IPO

Chinese semiconductor chip firm Li-On eyes $292m in Shanghai IPO

9. Chinese medical device technology company Forerunner Medical raises RMB 8-digit Series B round funding led by CICC Capital

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



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

India: TVS Motor puts $4m more in electric motorcycle startup Ultraviolette



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

Alpha Wave fund invests in solar software startup SenseHawk, to set up India team

Makers Fund, Courtside lead $18m funding in Indian gaming startup Winzo

6. Openspace leads $3m Series A in Thai agritech startup Freshket



France to spend $8.4b on digital as part of stimulus plan

Amazon, Verizon resume talks to pick stake in struggling Vodafone Idea

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

Medtech startup uMotif raises £5m from AlbionVC, as COVID-19 accelerates remote clinical studies

Avo raises $3m seed round funding for its analytics governance platform

As corporate cards are subsumed into software, cloud-based spend management startup Airbase posts rapid growth

Israeli medtech startup CorNeat Vision uses patented implants to treat blinding diseases

10  European launch provider Arianespace successfully launches a satellite rideshare demonstration mission

11  New Zealand Company Rocket Lab secretly launched its very first satellite, ‘First Light’


Image Credits: The Straits Times

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