CHINA:

AI + Retail market in China to reach $390m by 2020

China’s podcast market overview; $4b in 2020, up 55%.

3. TikTok owner ByteDance doles out bonuses to assuage beleaguered staff

4. JD.com launches TOUCH + strategy, predicts annual sale of more than RMB 800b by 2023

5. China’s Oppo aims to boost phone sales 30% in 5G expansion

China’s RMB 130b Wuhan Hongxin semiconductor project has reportedly failed

7. Chinese middle-end data platform startup Link Time Cloud completes USD 7-digit Series A round

 

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 Temasek says its portfolio fell for the first time in four years due to Covid-19

2. Grab looks to raise up to $500m for fintech arm, sources say

Singaporean fintech startup Thunes secures $60m in Series B round

Philippine edtech startup Edukasyon closes second tranche of Series A funding

EV Growth leads $69m injection into Indonesia’s trucking and warehousing startup Waresix

 

CROSS-BORDER:

Tencent relinquishes rights to PUBG Mobile in India amid latest ban on Chinese apps

2. Chinese data center owner ChinData 秦淮数据 files for US IPO

3. Chinese e-learning firm iHuman 洪恩识字 files for US IPO

4. Chinese voice-chat app Yalla files for US listing

5. Samsung to end Tianjin TV production, joining China exodus

6. Vivo beats Samsung to become top-selling phone brand in Indonesia

7. Silicon Valley-based Silver Lake leads $500m round in Indian edtech decacorn Byju’s

8. B2B cross-border payments firm Thunes nets $60m to accelerate growth in Africa, Asia, LatAm

 

OVERSEAS:

Tesla falls 21%, worst single-day loss in its history

Apple to start producing first 5G iPhones in mid-September

3. Apple doubles down in fight with Fortnite creator Epic Games, seeks damages for breach of contract

General Motors takes $2b stake in electric truck startup Nikola

Committing to a fully zero-emission fleet by 2040, Uber is dedicating $800m to electrifying its drivers

Microsoft to launch smaller version of its upcoming next-gen console for $299

Snowflake’s IPO could value it as high as $24b, Salesforce and Berkshire to invest

Ad-based content recommendation startups Taboola and Outbrain call off their $850m merger

Software company Progress to acquire DevOps startup Chef for $220m

10  Israeli facial recognition startup AnyVision raises $43m

11  PopSQL raises a $3.4m seed round for its collaborative SQL editor

 

 

Image Credits: South China Morning Post

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