CHINA:
1. China Reaches 110 Million 5G Users, Becoming World’s Biggest 5G Market
2. Hillhouse Capital raises for its largest-ever RMB fund – over RMB 20 billion (USD 3 billion)
4. China’s second biggest industrial drone-maker Jouav files for $60m IPO
5. Alibaba unveils palm-sized personal computer and autonomous logistics robot
6. Tencent Sports Signs One-year Broadcast Deal with Premier League
7. Chinese Space Tech Company LandSpace Raises $172 Million in C+ Round of Financing
8. Chinese Smart Customer Services Startup Leyan Tech Secures Series C2 Round
9. Baidu-backed video technology provider Baijiayun 百家云 closes USD 26.4 million Series B round
10. Cosmetic brand Perfect Diary 完美日记 closed a new round, reaching 4billion USD valuation.
11. Supply chain innovation service platform Fenlai 纷来 raised an 8-digit RMB A round.
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MOBILE-ONLY MARKETS:
1. Indian e-commerce sector could see record sales of USD 7 billion during upcoming festive season
2. AMTD Digital raises US$285M to build a one-stop digital solutions platform in ASEAN
3. Zopim co-founder to set up new traveltech startup GoTrippin eyeing industry’s post-Covid recovery
4. Singapore’s logistics provider Moovaz acquires van-hailing platform GetVan
CROSS-BORDER:
1. Judge halts Trump administration order banning WeChat from Apple and Google app stores
2. China’s ByteDance seeks $60 billion TikTok valuation in U.S. deal
3. Alibaba’s logistics arm Cainiao 菜鸟 expands its last-mile network into Singapore
4. Google pulls India’ Paytm app from Play Store for repeat policy violations
5. Uber Seeks to Sell Part of $6.3 Billion Stake in Didi Chuxing
6. Samsung’s new Galaxy F series to launch in India
8. Xiaomi India to launch its first smartwatch on 29 Sept
OVERSEAS:
2. Zoox becomes fourth company to land driverless testing permit in California
3. New $485M Round Values Chime at $14.5B, which help members avoid bank fees and save money.
4. Credit card alternative company Affirm raises $500M
5. Outschool, newly profitable, raises a $45M Series B for virtual small group classes
Image Credits: Reuters