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. 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



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



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



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

Start typing and press Enter to search