CHINA:
1. China’s mobile gaming market observes strong revenue growth despite COVID-19
2. Ant Group wins approval from Chinese regulators for the Hong Kong leg of its blockbuster IPO
3. Alibaba to acquire controlling stake in China’s hypermarket chain Sun Art for $3.6b
4. EV maker Byton CEO departs amid restructuring
5. AI giant Megvii leverages logistics as new growth engine, rolling out seven warehouse robots
6. Bilibili announced to establish long-term strategic partnership with BBC Studios
7. Insurtech startup Nanyan closes $37m Series C round
8. Cross-border ecommerce SaaS provider 领星ERP raised 70million RMB
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MOBILE-ONLY MARKETS:
2. Singapore’s EV motorbike startup Ion Mobility bags seed funding for launch in Indonesia
4. Indian e-tailers to gross USD 6.5 billion in sales in upcoming festive season
5. After Reliance, India’s USD 113 billion Tata Group prepares for the e-commerce challenge
6. Philippines: Robinsons Retail acquires drugstore chain Rose Pharmacy
CROSS-BORDER:
1. Nvidia’s $40 billion Arm acquisition could be targeted by Chinese regulators, analysts say
2. Amid tensions with China, India warns Amazon, Flipkart over country of origin rule
3. China-owned gaming firm Playtika files confidentially for U.S. IPO
4. WeChat’s Chinese owner Tencent chooses co-working space JustCo for first Singapore office
5. EV maker Faraday Future raises USD 45 million in debt financing
6. AI-powered Thai insurtech startup Sunday plans Indonesia foray early next year
7. HK-based C Ventures backs US podcast media studio QCODE
OVERSEAS:
1. FAA streamlines commercial launch rules to keep the rockets flying
2. Telecommunications provider GTT to sell infrastructure unit to I Squared for $2.15 billion
3. Polish e-commerce group Allegro went public
4. Japan’s fintech firm WealthNavi applies to list on TSE, IPO likely this year
7. Future raises $24M Series B for its $150/mo workout coaching app amid at-home fitness boom
8. Transforming Latin American Corner Stores: Chiper Carries In $12M Series A
9. Lawmatics raises $2.5M to help lawyers market themselves
10. Atlanta-based Speedscale now has $2.2 million more to grow its API test automation business
11. Crypto-driven marketplace Zora raises $2M to build a sustainable creator economy
Image Credits: Yahoo Finance