CHINA:
1 AI + Retail market in China to reach $390m by 2020
2 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
6 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
3 Singaporean fintech startup Thunes secures $60m in Series B round
4 Philippine edtech startup Edukasyon closes second tranche of Series A funding
5 EV Growth leads $69m injection into Indonesia’s trucking and warehousing startup Waresix
CROSS-BORDER:
1 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:
1 Tesla falls 21%, worst single-day loss in its history
2 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
4 General Motors takes $2b stake in electric truck startup Nikola
6 Microsoft to launch smaller version of its upcoming next-gen console for $299
7 Snowflake’s IPO could value it as high as $24b, Salesforce and Berkshire to invest
8 Ad-based content recommendation startups Taboola and Outbrain call off their $850m merger
9 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