CHINA:
1 China online education market to exceed $58b in 2020.
2. Chinese biotech sector is blowing hot as M&A and IPO deals surge amid Covid-19 pandemic
3 Demand for cloud services in China increases to quarterly record high of $4.3b
4. Shanghai exchange to review fintech firm Ant’s listing application on Sept 18
5. China tech veterans to launch ‘domestic replacement’ fund amid US sanctions
6. Tech giant Baidu, investors in talks to raise $2b for biotech startup
8 Chinese optical chip startup RaySea 睿熙 secures RMB 200m
9 China’s Landspace raises $175m in Series C round funding
10. China’s 3D visual robot developer Speedbot 视比特 raises 7-digit Series A round funding
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MOBILE-ONLY MARKETS:
1 India: Zomato in talks to raise funding from Mirae-Naver Growth fund
2. India’s Ola Electric speeds up two-wheeler EV launch
3 India: Alpha Wave Incubation backs leading video engagement platform Hippo Video
4 Groww, an investment app for millennials in India, raises $30m led by YC Continuity
CROSS-BORDER:
1 S Korean maker of PUBG games scouts for Indian partner to revive fortunes
2. ByteDance is talking with the U.S. government about ways to avoid a full sale of TikTok
3. Huawei ban puts $26bn at risk for Japan, South Korea and Taiwan
OVERSEAS:
1 As the smartphone market declines, 5G models are set to see continued growth in 2020
2 Former NSA chief General Keith Alexander is now on Amazon’s board
3 Electric vehicle startup Lucid unveils Air sedan to take on Tesla
4 Courtne Smith launches NewNew, a social network based on shared content
5 As direct listing looms, leading software company Palantir insiders are accelerating stock sales
6 S Korea’s Kakao Games surges 30% in stock market debut
7 Digital biology company Recursion gets funding for new drug discovery with Bayer-led $239m Series D
10 Israeli digital payments startup Melio raises $144m to fuel expansion
11. Israeli facial recognition startup AnyVision raises $43m
12 Deel nabs $30m more for payroll, compliance and other tools to run global workforces
Image Credits: Business Insider